when we apply for new PAN for Society what status of applicant we should take.
1. Association of persons
2. Trusts
or any others.
please can anyone guide me.
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PAN for Society
Replies (2)
Quick Summary
That depends on the intention of the society
If the intention of the society is a charitable activity like providing education, or for religious purposes, yoga ,medical relief,preservation of environment etc...,and not for profit ,then you can take as trust and register under 12 as of income tax act 1961,else you can choose as AOP.
If the intention of the society is a charitable activity like providing education, or for religious purposes, yoga ,medical relief,preservation of environment etc...,and not for profit ,then you can take as trust and register under 12 as of income tax act 1961,else you can choose as AOP.
Thanks a lot Maharaja Selva Eswar ji
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