A co op soc having 2 blocks, Block A and Block B. Due to some dispute both of having different PAN No.Till now they are preparingdifferent p&l and cobine balance sheet. Please advise me on following point:- 1. Is this proper? Can there be 2 PAN no for block 1 & 2. 2.for filling tax return i have to prepare seperate balance sheet? Please give me your valuable suggestions. Thanks
1 Replies
Ashok J
(CA Final)
(880 Points)
Replied 23 June 2016
one individua or entity can hv only one pan...what they r doing is totally wrong...u should contact ur assng officer n surrender one pan...having 2 pans attract ppenalty of 10k
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