Can a PAN Card alloted to a business can be surrender after closure of the business ie firm?
Somaas Kandan (CA Final) (385 Points)
15 July 2013Can a PAN Card alloted to a business can be surrender after closure of the business ie firm?
JAINENDRA JAIN
(ACS/CA)
(1668 Points)
Replied 15 July 2013
IT Department will not withdraw the pan like this. as they may be required to do scrutiny etc in future years.
but you can apply for surrender so that your liabilty for future years is discharged.
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