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.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
27 February 2014
Thank you sir for your valuable advice. Dissolution deed was signed on July 2013. Is their any time frame to surrender the pan.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
27 February 2014
Thank you sir for your valuable advice. Dissolution deed was signed on July 2013. Is their any time frame to surrender the pan.