Hi,
Pl. resolve query with my client ?
My client is a pvt ltd. company registered since 1991.
In 2012 applied for name change to ROC and after change the name of company in Jan -12 they appled for new PAN card instead of correction in Old PAN.
And they also has filed their IT return for FY 2011-12 on new PAN which has been alloted in Jan -12 as New Company name.
The ITR has filed for loss for FY 2011-12 and also thecompany has carryforward loss with OLD PAN and on which return has filed timely.
My Q:
1. Can a company have two PAN ? if not what is conscuence ?
2. Weather can we get carryforward the loss for FY 2011-12 , if yes how?
3. Is there any impact of losses carryforward relating to preceeding yeras before FY 2011-12.
CAclubindia
