PAN Number

When the constitutuion of the entity changes; it is no longer assessed in its origninal characteristics and therefore, the PAN changes/has to be applied afresh. For example, if a Partnership firm is converted into Prop. in between the year; then there are 2 sets of accounts - one for partnership and the other for partnership. Now for the second part i.e prop. the proprietor files its return  on his/her individual PAN and for the first period PAN of the firm is used.

yes fresh application for new status for pan to be doane

ANKUR NANAVATI

[quote=Chandresh (Guest)]Hi All,

Is there a change in PAN Number if the constitution of the company changes viz From Proprietorship to Partnership to Pvt Ltd to Public Ltd.


Thanks,
Chandresh[/quote]

Yes. Since  PAN  has got  specific  code for individuals / firms / companies , hence you should apply as soon as there is a change in constitution of the firm.

MANJUNATH, PUNE