Proprietorship v.s personel

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 there is a query in my mind that i tried to open a current account in bank in the name of my proprietorship firm but they want income tax return for proof and they said that income tax return must filed in the name of my proprietorship firm,i have no service tax registeration or sales tax number of this firm so please tell me how can i file the income tax return in the name of my proprietorship firm for a.y 2011-12 but the pan no. is of my name.i have not filed return for a.y2011-12 till now so please tell me how can i file the return in the name of proprietorship firm INSTEAD OF MY NAME i.e ON PAN CARD so that i can open a current account....... thanks in advance please reply soon

Replies (7)
Tin no. Is mandatory to open a current a/c in bank.

register for shop act... in shop act there will be a name of your firm and the proprietor's name and it can become proof for bankers. and at the time of filing return fill general section as regularly and in NATURE OF BUSINESS section there is a column for firm name, there you can write your firm name...

 

 

still you are not cleared make me contact on sidbumbhelp @ gmail.com

Thank you.

if i fill the firm name in the nature of business that business name would appear on the ITR V recipt or not

@ manish , no it will not appear in ITR V.. but it will be in ITR which you will submit...

manish, if you insist on ITR V, then you can give name of propritory firm in address it will appear in ACK. But my view is banker should accept decleartion in letter head of the firm as proof.

thanks guys for helping me

Originally posted by : manish

 there is a query in my mind that i tried to open a current account in bank in the name of my proprietorship firm but they want income tax return for proof and they said that income tax return must filed in the name of my proprietorship firm,i have no service tax registeration or sales tax number of this firm so please tell me how can i file the income tax return in the name of my proprietorship firm for a.y 2011-12 but the pan no. is of my name.i have not filed return for a.y2011-12 till now so please tell me how can i file the return in the name of proprietorship firm INSTEAD OF MY NAME i.e ON PAN CARD so that i can open a current account....... thanks in advance please reply soon

banker will seek 

 trade licence in name of firm, displaying the name of proprietor , address of business, and principal activity

Profession Tax enrollment certificate is also a document for above. 

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