Is Pancard required in the Firm’s Name for a Chartered Accountant Firm(Sole proprietorship) to file the return of the Firm or Can the return of the Firm be filed by using the pan card of the soleproprietor in his individual name?
amulya_r8 (Business) (197 Points)
05 July 2010Is Pancard required in the Firm’s Name for a Chartered Accountant Firm(Sole proprietorship) to file the return of the Firm or Can the return of the Firm be filed by using the pan card of the soleproprietor in his individual name?
CA Seema Kochar
(CHARTERED ACCOUNTANT)
(636 Points)
Replied 05 July 2010
no need of seprate PAN Card in case of sole proprietorship.
Dharmendra Jha
(Asst. Manager Finance)
(100 Points)
Replied 05 July 2010
there is no need for PAN card in firms name if proprietor have a pan of his name already.
| Originally posted by : DHARMENDRA | ||
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there is no need for PAN card in firms name if proprietor have a pan of his name already. |
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Nitin Grover
(CS)
(1228 Points)
Replied 05 July 2010
Dear Amulya
Prop. Firm run by a single person and totally responsilities and liabilities are only of that Proprietor.
So, no need to PAN of Firm. Only Prop PAN is needed.
Regards
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
