pan no

There is no separate PAN for proprietor firm.  

Yeah Agree. Proprietor's PAN is always use as PAN of proprietorship firm.

ya it can be used.

individual person is start BUSINESS any verious firm start in diff name but INCOME TAX PAN NO. IS USE INDIVIDUAL. NO SEPERATE PAN.

 PAN of Proprietor may be used

see dear unlike company firm and proprietor are considered one means no separate identity so thats y PAN of proprietor is used

today i went to idbi bank to open a demat account  in the name of firm but they said to me they need firm pan no not individual pan no i told these things which u also wrote here but they are also confused abt this ??

If a person is having 4 types of business under 4 different proprietorship firm, then also the PAN will be only one which is allotted to the Proprietor in his individual name..

and one more thing, that the demat a/c cannot be openned seperately for each proprietorship firm if the proprietor is same. If i m wrong in this point then do let me know..

Adarsh

Originally posted by : kundan singh
	today i went to idbi bank to open a demat account in the name of firm but they said to me they need firm pan no not individual pan no i told these things which u also wrote here but they are also confused abt this ??

PAN is allotted to the person who is the ASSESSEE under INCOME TAX ACT.

definition of ASSESEE doesn't cover PROPRIETORSHIP FIRM.. it only covers PARTNERSHIP FIRM..

reason behind this is AN INDIVIDUAL is required to submit his INCOME TAX RETURN by consolidation his income from all the source. If an assessee is having 4 proprietorship firms, then he has to add all the incomes & vll hv to show this income under the head PGBP.. & a single RETURN to be submitted.

Adarsh

 Individual person have no need to get separate pan no for the prop firm. the firm should be use the pan no of prop.(individual) to open a demat account while in share certificate the name of firm is mentioned

there is no seprate identity of the proprietorship firm in the income tax act. if any person is prop. in the proprietorship firm then it means the prop. & firm are both same unlike partnership firm which is treated seprately

adarsh is right.............