Hii Frnds..
One of my frnd alredy have propritor in one of company now he open another company. Can he use same PAN no for new company??
2 Replies
CA AnKiT BoHrA (AB)
(Manager)
(25955 Points)
Replied 07 November 2014
Properitor and Company.. i didnt got ur querry.. for what u want to use pan in company ???
PSPSPS
(Practicing)
(1344 Points)
Replied 07 November 2014
Proprietorship Organisation is called as Firm & not Company.
Any Person can start as many Proprietorship firms he wish to, But PAN will always be One & the Same of the Proprietor, As under I T Act Prop Fim is never assessed but its the Prop who files his Returns under his Individual Name Clubbing his / her Income from all Prop.Firms & the Prop is assessed. I hope now your Query should get Clear
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