Wrong pan no. of trust--disallow of exemption

This query is : Resolved

Ankit Tantia (Querist)
Follow

08 April 2013 X is a charitable trust. While applying for PAN card, by omission the category was quoted as ‘Artificial Jurisdical Person’ although it should have been Trust. So, the PAN No. allotted by IT Department was XXXJS0287X. The fourth alpahabet in the PAN no. was "J" but it should have been "T". Now, although the trust is registered under 12AA, but the benefit of exemption under Section 11 is disallowed because of wrong PAN.

So, please guide me the future course of action. Whether a NEW Pan number should be applied and surrender old Pan Number? But if we do these, what about the previous claims for exemption?
Or there is any other more convenient way ?

Ankit Tantia

Ankit Tantia (Querist)
Follow

10 April 2013 Please guide me the course of action.....

Thanks in anticipation

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

29 May 2013 Apply for a new PAN for trust correctly and file an appeal before the concerned authority meanwhile you will receive new PAN Card and then send the original PAN for cancellation. Generally exemption is allowed for the activities and not for any other defect till I see the order of cancellation I cannot comment on this issue.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Shakthi

CA Satyen Sharma

madhuseshu yathirajam

Soumitra Patra

Vinod Patil

Subscribe Now

Wrong pan no. of trust--disallow of exemption

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA