Pan card propritership

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2016 Does anyone Know, a proprietor can possess another pan on the name of proprietorship, even having his own pan already (as an Individual)

Nikhil Kaushik

Nikhil Kaushik (Expert)

21 January 2016 no. you cannot take another PAN in the name of proprietorship.

Querist : Anonymous

Querist : Anonymous (Querist)

27 January 2016 any refer section or circuler available on above query

Nikhil Kaushik

Nikhil Kaushik (Expert)

27 January 2016 apply basic logic and then see if you as an individual can hold two pan because proprietor ship doesn't have a separate existence!

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CA CMA CS Ram Pavan Kumar Melam

CA CMA CS Ram Pavan Kumar Melam (Expert)

03 February 2016 We cannot get a separate PAN for proprietor business.

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CA CMA CS Ram Pavan Kumar Melam

CA CMA CS Ram Pavan Kumar Melam (Expert)

05 February 2016 Proprietorship is a mode of doing business by the proprietor i.e individual. There is no separate legal existence to the proprietorship concern other than its proprietor. The best thing to understand is, PAN can be applied by the list of persons defined u/s 2(31) of the Income Tax Act, 1961. They are:
(i) an individual,
(ii) a Hindu undivided family,
(iii) a company,
(iv) a firm,
(v) an association of persons or a body of individuals, whether incorporated or not,
(vi) a local authority, and
(vii) every artificial juridical person, not falling within any of the preceding sub- clauses;

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