Income tax rules

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AVIJIT ROY (Querist)
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02 September 2011 Dear Sir,
My frnd having pan card.Tax has been deducted from his salary till 20th April 2011.Now He is jobless till today from May'11.He has also get his form 16 from his previous company but he could not return file as no knowledge in TAX area.How can be IT FILE completed now for the yr 2009-10 & 2010-11.
My 2nd Question is- He has to open a Sole Proprietorship Firm and he wanted to open a new Pan card/Bank A/c/Tax Book in the name of the firm.All doc's should be made in individually in the firm's name.Is it poosible to get the above point..
Your kind help is highly appreciated.

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
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02 September 2011 Yes He can file the return for FY 2009-10 2010-11

No it is possible to get PAN in the name of Proprietorship firm. For proprietorship firm he will use his own PAN . He Can open Bank a/c in the name of firm after getting Shops and Establishments certificate (GOMASTA well known name in maharashtra)

If he opening partnership firm than he can apply for PAN in the name of partnership firm

Abhishek Ranjan Singh
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