Surrender of partnership firm pan

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W.B.CA. Abhishek Dwivedi (Querist)
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23 August 2011 one of my client wants to dissolve its partnership firm...please advice me about the procedure for surrender of PAN and also do by what time period i have to inform ITO about dissolution and whether i have to file return for that year immidiately on dissolution or after the end of the financial year in which dissolution take place.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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23 August 2011 However certain procedure has been lead laid down U/s 176 also , but it will be better to file the return after the end of
FY.

Dissolution Deed have to be prepared on the date of Dissolution itself.

In my view after receiving the intimation U/s 143(1), the PAN should be surrendered.

It can be surrendered at TIN center.
It is also required to inform/request the ITO to cancell the PAN alongwith the Deed of Dissolution.

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