PAN Number

Kannan Iyappan (Company Secretary) (1496 Points)

10 September 2010

If an entity is changing thier form of business from proprtership to Pvt Ltd. Is it needed to change its PAN number newly ????

Kannan

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4 Replies

Arvind Sharma (ACA) (1432 Points)
Replied 10 September 2010

No...

PAN will remain same

but

the Company's Management has to file form regarding change in company's particulars in the prescribed form with the department....

GAURAV JAIN (C.A. F!N@L Group-1 Clear...) (278 Points)
Replied 10 September 2010

yes, PAN needed to be changed because company is seperate legal entity and it is different from proprietorship......

GAURAV JAIN (C.A. F!N@L Group-1 Clear...) (278 Points)
Replied 10 September 2010

Originally posted by : Arvind
	No... PAN will remain same but the Company's Management has to file form regarding change in company's particulars in the prescribed form with the department....

but proprietorship and company will be treated as different person in the INCOME TAX ACT, 1961

Arvind Sharma (ACA) (1432 Points)
Replied 10 September 2010

Originally posted by : GAURAV JAIN
	Originally posted by : Arvind No... PAN will remain same but the Company's Management has to file form regarding change in company's particulars in the prescribed form with the department.... but proprietorship and company will be treated as different person in the INCOME TAX ACT, 1961