Apartment pan

This query is : Resolved 

25 July 2015 Can an apartment of 7 flats get a pan card from tax department? is agreement is enough for applying Pan card?

Bank had asked for pan as TDS is deducted at 20%.

25 July 2015 Usually apartment owners form an association with a bye-law. Form 49A of the Income tax Rules,1962 ( PAN application form) along with a copy of the said bye law may be submitted to obtain PAN card.

10 August 2015 Thanks Sir for the prompt reply.


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