10 August 2019
Hi , company and it's another wholly unit have same pan card, and filling the consolidate return, where profit & loss , asset liabilities of the wholly owned unit is mentioned. Wholly owned unit have trade license and it is mentioned wholly unit &the original company name. Whether it possible that company &wholly owned unit have one pancard & file one consolidated return?
11 August 2019
Yes, it is possible that company &wholly owned unit have one pancard & file one consolidated return. That unit is owned by the company only and it's not a separate legal entity to have separate PAN.