Partenership firm pan card

This query is : Resolved 

26 February 2014 Hi,

We have dissolved the partnership firm and already filed ITR for past 2 years.

Is it compulsory to surrender the PAN card.

Reply me as soon as possible.


26 February 2014 it is advisable to surrender PAN because section 139 provides that firms are required to file returns compulsorily. So if you dont surrender PAN and inform AO that the firm has been dissolved, AO may issue notice for not filing of returns.


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