Hii Frnds..
One of my frnd alredy have propritor in one of company now he open another company. Can he use same PAN no for new company??
CA AnKiT BoHrA (AB)
(Manager)
(25955 Points)
Replied 07 November 2014
Properitor and Company.. i didnt got ur querry.. for what u want to use pan in company ???
PSPSPS
(Practicing)
(1344 Points)
Replied 07 November 2014
Proprietorship Organisation is called as Firm & not Company.
Any Person can start as many Proprietorship firms he wish to, But PAN will always be One & the Same of the Proprietor, As under I T Act Prop Fim is never assessed but its the Prop who files his Returns under his Individual Name Clubbing his / her Income from all Prop.Firms & the Prop is assessed. I hope now your Query should get Clear
CAclubindia
