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anuj (ahmedabad) (41 Points)

30 September 2009

Facts of the case:

One proprietorship firm converted into partnership firm in this A.Y. 2009-10. And we have applied for new PAN Application for Partnership firm. But new PAN has not been allotted to us yet.

Questions:

1) So can we file audit report with that old proprietorship PAN Number?

2) Or we have to wait for new partnership PAN Number but today is the last date of filling return?

3) Can we file Audit Report later physically to the Income Tax Department?

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Shamita (Learner) (410 Points)
Replied 30 September 2009

Originally posted by :anuj
"	Facts of the case: One proprietorship firm converted into partnership firm in this A.Y. 2009-10. And we have applied for new PAN Application for Partnership firm. But new PAN has not been allotted to us yet. Questions: 1) So can we file audit report with that old proprietorship PAN Number? 2) Or we have to wait for new partnership PAN Number but today is the last date of filling return? 3) Can we file Audit Report later physically to the Income Tax Department?	"

It looks that there must be some problem in PAN of the firm. If you have applied for PAN of firm till March 2009, you must have got that till now.

IT Reurn of the business, can be filled with PAN of Proprietor, for that period till it was proprietorship firm.

Audit Report is not required to be attached with the return. It has to be submitted when Department asks for it. The only requirement is that the accounts must be audited till 30th Sept. ie date of audit report should be 30th Sept or earlier date.