A partnership firm is dissolved. What is the procedure to cancel the PAN Card for the same?
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Cancellation of pan
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The firm needs to be dissolved first and its registration cancelled (if registered firm) and necessary intimation to be given to the ITO to get the PAN cancelled. The ITO after verifying all the facts, pending matters and outstanding demands will take action in this regard. For further details please refer to section 189 of Income Tax Act.
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