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Pan card - change in name

Achal D. (Student CA Final ) (32 Points)

19 December 2013

I have a client who is an individual having a PAN. And now he started a sole proprietory business with same PAN. My question is can he apply for change in the name appearing on the Pan Card i.e Darsh Harish Shah to Darsh H Shah & Associates ???

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5 Replies

Ajay (CA Job) (512 Points)
Replied 19 December 2013

Dear Achal

In case of sole propreitorship, you need not apply for a change in the PAN to the name of the "trade name" in which the person intends to carry on the business.

You can refer the instructions for filing Form 49A, Instruction.(f) Item No.1 wherein it mentions "

In case of sole proprietorship concern, the proprietor should apply for PAN in his/her own name.

Name should not be prefixed with any title such as Shri, Smt, Kumari, Dr., Major, M/s etc."

Please go to https://tin.tin.nsdl.com/pan/Instructions49A.html

Also, while filing ITR, you need to file it in the name and PAN of the propreitor. However, there is a provision in the ITR to mention the "Trade Name".

Regards

Ajay

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soniya agrawal (tax manager) (49 Points)
Replied 19 December 2013

Dear achal you need not to change the name on pan card since for a properietorship concern pan is alloted in the name of individual proprietor instead in the name of firm. A person can do any no.of business undr proprietorship status having single pan in the of individual proprietor.