If an entity is changing thier form of business from proprtership to Pvt Ltd. Is it needed to change its PAN number newly ????
Kannan
4 Replies
Arvind Sharma
(ACA)
(1432 Points)
Replied 10 September 2010
No...
PAN will remain same
but
the Company's Management has to file form regarding change in company's particulars in the prescribed form with the department....
GAURAV JAIN
(C.A. F!N@L Group-1 Clear...)
(278 Points)
Replied 10 September 2010
yes, PAN needed to be changed because company is seperate legal entity and it is different from proprietorship......
GAURAV JAIN
(C.A. F!N@L Group-1 Clear...)
(278 Points)
Replied 10 September 2010
| Originally posted by : Arvind | ||
 |
No... PAN will remain same but the Company's Management has to file form regarding change in company's particulars in the prescribed form with the department.... |
 |
but proprietorship and company will be treated as different person in the INCOME TAX ACT, 1961
Arvind Sharma
(ACA)
(1432 Points)
Replied 10 September 2010
| Originally posted by : GAURAV JAIN | ||
|
|
Originally posted by : Arvind No... PAN will remain same but the Company's Management has to file form regarding change in company's particulars in the prescribed form with the department.... but proprietorship and company will be treated as different person in the INCOME TAX ACT, 1961 |
|
Ok..,
I agreed..,
I missed that "propritorship" word....
Thanks.........
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