There is no individual existence of proprietorship business other than is owner.
So, PAN of individual will be used for his proprietorship business.
CA Bhuvnesh Kumar
(Chartered Accountant)
(69 Points)
Replied 04 June 2010
There is no individual existence of proprietorship business other than is owner.
So, PAN of individual will be used for his proprietorship business.
Ashok Monga
(Adviser)
(161 Points)
Replied 04 June 2010
It is possible to obtain a new PAN in the name of sole proprietorship firm. Choice is of the individual - Income Tax Department does not object to it.
My son-in-law, who is Chartered Accountant, recently obtained a new PAN in the name of his sole-proprietorship firm. Karvy, who receive applications for a new PAN, objected to this. Finally, the Income Tax Help Line provided clarifications on phone to them and they received and processed the application for new PAN.
However, it is important that the new PAN should only be used for transactions of the firm - customers who deal with sole-proprietorship firm should be given only new PAN (in the name of firm) and the PAN in personal name should not be quoted for deduction of any TDS by clients.
Ashok Monga
Patel
(NA)
(25 Points)
Replied 24 April 2014
I have a dobut, please help
1) I currently working with an IT MNC
2) I intend to do part business in real estate broking
Dobut : Can a salaried employee open a propertier firm?
If "YES" how does he start ? PAN and Firm Name ?
Please guide
Arpit Rajesh Chudiwale
(ARC and Associates)
(36 Points)
Replied 30 December 2016
Now all banks are asking for separate pan for proprietor in the name of the business. (they are not allowing us to opening new bank account with individual pan)
Hardik Damani
(assistance)
(24 Points)
Replied 18 January 2017
Hardik Damani
(assistance)
(24 Points)
Replied 18 January 2017
punit upadhyay
(6 Points)
Replied 10 March 2017
Its no need to make another PAN card if your Firm is Proprietorship firm
punit upadhyay
(6 Points)
Replied 10 March 2017
if you have proprietorship firm so need to make another PAN card for firm
but if you are converting your firm in partnership firm or company so its compasary to make an PAN card for your Firm/Company
Aathav
(others)
(22 Points)
Replied 25 April 2017
hi, my old PAN using for salary taxes. now i want new PAN number for Proprietor Business. i Dont Want Mingle Both Income. Please tell idea
Vinay Yadav
(2 Points)
Replied 05 May 2017
Chandrashekhar Goudar
(2 Points)
Replied 29 June 2017
Sir I have a proprietary firm.I have an individual pan. But SBI bank manager forced me to get separate pan for my proprietary firm .I applied for it and got new pan for my firm . N3
Thakur Pawan
(2 Points)
Replied 22 September 2017
sir i have started a tent and catering business as propriotor and during gst registring on gt portal there is a require field that name of bussiness name as shown in pan card but the name on pan card is of mine. what can i do for that
karthikeyan m
(2 Points)
Replied 20 November 2017
for gst registration which is not accept my pan card because it shows company name is differ from my name
" PAN and Legal Name is not matching with CBDT database. Please submit PAN and Legal Name after validating with CBDT database"
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India