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PAN Number

10 May 2007

Hi All,

Is there a change in PAN Number if the constitution of the company changes viz From Proprietorship to Partnership to Pvt Ltd to Public Ltd.

Thanks,
Chandresh

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3 Replies

Nbatra (22 Points)
Replied 10 May 2007

When the constitutuion of the entity changes; it is no longer assessed in its origninal characteristics and therefore, the PAN changes/has to be applied afresh. For example, if a Partnership firm is converted into Prop. in between the year; then there are 2 sets of accounts - one for partnership and the other for partnership. Now for the second part i.e prop. the proprietor files its return on his/her individual PAN and for the first period PAN of the firm is used.

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Ankur (112 Points)
Replied 10 May 2007

yes fresh application for new status for pan to be doane

ANKUR NANAVATI

Manjunath (37 Points)
Replied 10 May 2007

[quote=Chandresh (Guest)]Hi All,

Is there a change in PAN Number if the constitution of the company changes viz From Proprietorship to Partnership to Pvt Ltd to Public Ltd.

Thanks,
Chandresh[/quote]

Yes. Since PAN has got specific code for individuals / firms / companies , hence you should apply as soon as there is a change in constitution of the firm.

MANJUNATH, PUNE