Creation of pan

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14 Points Posted on 23 January 2021
How to create a pan of a Govt School in west bengal?
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On 23 January 2021 at 20:36 Report
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This discussion clarifies the process of obtaining a Permanent Account Number (PAN) for a government-aided school in West Bengal. It explains that while government schools may not directly require a PAN, one is necessary for deducting Tax Deducted at Source (TDS) on salaries, which requires a Tax Deduction and Collection Account Number (TAN). The advice leans towards forming an Association of Persons (AOP) or a Trust, with AOP often being more beneficial, to apply for both PAN and TAN, especially for opening a bank account.

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Chartered Accountant
86505 Points Posted on 23 January 2021
Nature of School=?????
Trust, AOP or else
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On 23 January 2021 at 21:38
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Accountant
4533 Points Posted on 23 January 2021
What is nature of school
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On 23 January 2021 at 21:59
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14 Points Posted on 23 January 2021

Higher secondary school, in W. B

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On 23 January 2021 at 22:56
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Chartered Accountant
86505 Points Posted on 23 January 2021

It is run by individual or aop created or trust created

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On 23 January 2021 at 23:13
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14 Points Posted on 23 January 2021
The school is run by the school management committee.
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On 23 January 2021 at 23:42
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Chartered Accountant
86505 Points Posted on 24 January 2021

Then Create AOP Deed and then apply for PAN Card

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On 24 January 2021 at 00:24
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12244 Points Posted on 24 January 2021
Government school? there's no requirement for pan for government school. I think, you might want to deduct TDS on salary. TDS to be deducted under Tan... so apply for tan
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On 24 January 2021 at 00:51
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Profession Business
28246 Points Posted on 24 January 2021
TAN AND PAN HAS SEPERATE SIGNIFICANCE
BOTH ARE REQUIRED.
TAN IS REQUIRED FOR PERSONS DEDUCTING TAX AT SOURCE.
PAN STANDS FOR PERMANENT ACCOUNT NUMBER FOR TAXPAYERS.
BOTH ARE REQUIRED.
APPLY FOR PAN AND TAN WITH A COPY OF TRUST DEED or AOP AS DECIDED BY YOUR MANAGING COMMITTE.
GO FOR AOP..
IT WILL BE BENEFICIAL.
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On 24 January 2021 at 08:00
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17269 Points Posted on 24 January 2021
Apply for both PAN and TAN under AOP /trust category. Will require PAN for opening bank account also.
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On 24 January 2021 at 10:51
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Profession Business
28246 Points Posted on 24 January 2021
IN TRUST THE FLEXIBILITY IS LESS.
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On 24 January 2021 at 12:12

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