AKASH RAJ (student) (68 Points)
16 July 2016A school is managed and runed by a TRUST .
Please clearify that PAN no. should be applied for either "SCHOOL " or "TRUST " ?
And also Tan no. should be applied for either "SCHOOL " or "TRUST " ?
kumar
(Working)
(172 Points)
Replied 17 July 2016
AKASH RAJ
(student)
(68 Points)
Replied 17 July 2016
Here seprate entity concept should be appplied .................
TRUST is only to manage the school .......In fact the INCOME TAX PAYMENT / ITR Return /E -Tds sholud be filed of school so there is need of PAN/TAN Registered on school name
Dinesh Mertiya
(PROFESSIONAL)
(761 Points)
Replied 17 July 2016
PAN and TAN should be applied for Trust
AKASH RAJ
(student)
(68 Points)
Replied 17 July 2016
Currently I am doing TDS/TAX/Accounts works of State Govt. college and this college have its own separate TAN no.not in the name of its "TRUST ".........now their is requirement of PAN no. so I am confused that whether I suggest to apply PAN no. on the name of "TRUST " or college ......
Another one recently opened SCHOOL asking suggestion whether to apply "TAN/PAN" on the name of its "TRUST or SCHOOL " ...........................after referencing above case should I suggest to apply TAN no. on the name OF SCHOOL ?
AKASH RAJ
(student)
(68 Points)
Replied 20 July 2016
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