How to surrender partnership firm pancard

This query is : Resolved

Quick Summary

If your partnership firm has ceased operations and all financial transactions have stopped, you can surrender its PAN card. This involves writing a formal letter to your Assessing Officer, including the firm's details, PAN, dissolution date, and confirmation that all tax dues are settled. You'll also need to submit a copy of the dissolution deed and final ITR acknowledgment, ensuring all tax liabilities are cleared and returns filed up to the dissolution date.

binu sukumaran

binu sukumaran (Querist)
Follow

11 April 2025 Sir.
Me and my brother start partnership business5 year back .worked 1.5 and disconnected. Gst and bank also cancelled
There is no further financial transactions.
Let's is know how to cancell pan card of parnter ship firms.
Please advise.
Binu

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

11 April 2025 Write a letter to the Assessing Officer (AO) or Jurisdictional Income Tax Office requesting PAN surrender; Include:

Firm’s name and PAN.
Date of dissolution.
Reason for surrender (e.g., firm dissolved).
Confirmation that all tax dues and returns are cleared.
Attach a copy of the dissolution deed, final ITR acknowledgment.

Eligibility for PAN Surrender:
The firm must have no pending tax liabilities or litigation.
All tax returns must be filed up to the date of dissolution.
The firm must cease to exist legally and operationally.
File the firm’s income tax return (ITR) for the financial year up to the date of dissolution.

Message likes : 2 times

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

29 September 2025 Good luck..

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now