Dear Sir,
For Two Proprietorship businesses,
1) Can there be a single PAN number ? (or)
2) Can a PAN number of Proprieter who is doing two different business with two different names be the same?
Pls resolve.
Regards
Narendra Reddy K
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PAN No for a Proprietary businesses
Replies (4)
yes, person can have two proprietor business
In case of propritorship business no new pan is req if the owner has a valid pan no.
Same person even if does business wit 2 diff name is not allowed two diff pan no. as per income tax provision. ,as d person who owns both business has to club all d income under d head income frm business .for the purpose of filing his ITR.
IN CASE OF PROPRIETOR BUSINESS NO NEED TO TAKE SEPARATE PAN NO.
Yes a single PANo would be sufficient for two propreitorship business
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