Partnership firm ITR Not filed for 3 Year and want to cancel PAN

To cancel the PAN card of your partnership firm, you can follow these steps:

1. Notify the Assessing Officer: As per Section 176(3) of the Income Tax Act, you need to inform the Assessing Officer (AO) about the discontinuation of the business within 15 days of cessation. This is a mandatory step.

2. Apply for PAN Cancellation:

   • Visit the NSDL website and select the option for "Changes or Correction in existing PAN data/Reprint of PAN card."

   • Fill out the required details and submit the application for cancellation.

   • You will receive a token number via email for tracking your request.

3. Ensure Compliance:

   • File any pending Income Tax Returns (ITRs) for the years you missed, if applicable, to avoid penalties.