PAN Application for properietor ship business

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Jayesh Jagetiya (Querist)
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05 December 2007 My friend has a properietor ship busines.
He has PAN in his own name.
can he obtain new PAN for his properietor ship concern?
he need PAN in his busines name because he have to coat this when he submit application for any auction.
Experts please guide me.

CA. Vineet Grover

CA. Vineet Grover (Expert)
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05 December 2007 Hi Jayesh,

We cannot apply for PAN for a sole proprietorship concern.

If it had been a partnership firm, you may apply for a PAN,

As in a sole proprietorship concern, the return is filed by the proprietor himself in his own capacity hence PAN of firm not required.

Further, you may give your firm name with the PAN.

Rgds/

Vineet

kumar arumugam

kumar arumugam (Expert)
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05 December 2007 yes, Mr.vineet