23 July 2011
Is it possible to surrender PAN/TAN on account of dissolution of firm / winding up of company / death of individual and if yes, under what provisions of Income Tax Act, 1961 is the surrender possible?
I have come accross a solution that the PAN could be surrendered to the Assessing Officer. But those powers are derived by the AO under which provisions of I T Act, 1961????
24 July 2011
There is no procedure specified in income act or rule,however you can surrender pan by making application on plain paper to AO alongwith dissolution deed/death certificate and original PAN Card.
10 May 2020
You have to make a written application for surrendering the same.
To, The Assessing officer (TDS), TDS Ward
Dear Sir,
Re: Application for Surrender of TAN ——–
We , (Name of the Organization), were engaged into the business of (details of business activity). We have obtained the TAN registration because_____________. Accordingly the TAN was allotted and above mentioned (TAN No…………) was issued.
We have been regularly filing TDS returns and paying TDS in respect of the (above mentioned payments). However, we have decided to discontinue operations in the state of ____ due to (Reason to discontinue).
Screen shot of TRACES along with copy of last income tax returns are enclosed as a proof of no dues pending.
We hereby further undertake that if any Government dues are found to be recoverable against us in future and demanded raised by the Income Tax Department, We shall deposit the same immediately along with Interest.
In view of the above we request you to please cancel our TAN registration with immediate effect.