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Pan/tan no. should be applied for either of trust or school

AKASH RAJ (student) (68 Points)

16 July 2016

A 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 " ?

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6 Replies

kumar (Working) (172 Points)
Replied 17 July 2016

You should get in the name of trust not in school name...

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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

Soumya (Senior Accounts Executive) (235 Points)
Replied 17 July 2016

PAN should be on Trust 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

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 ?

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AKASH RAJ (student) (68 Points)
Replied 20 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 ?