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Surendder of PAN of Pvt Ltd Co.

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rakesh

trainee

67 Points Posted on 16 April 2020

Dear Sir, A pvt ltd. Co. incorporated in 2013 And its not file any return of ROC and Income Tax till date and there is some trading business in f.y. 2018- 19 and 2017-18 and bare a huge loss. in meantime Co. gone in Strike off by ROC and director suffering many financial problem. Now they want to surrender the PAN of company . I want to know what is the procedure for surrender of PAN ? is the all return of Income tax filling mandatory for company? What amount of penalty and fine levy by dept on company?

Replies (3)

Quick Summary

This discussion addresses the procedure for surrendering the PAN of a private limited company that has been struck off by the ROC and has not filed any returns. The company, incorporated in 2013, incurred significant losses in FY 2017-18 and 2018-19. The directors wish to surrender the PAN, having already closed the bank account and GST registration. Key questions include the mandatory nature of filing past income tax returns, potential penalties, and the specific steps for PAN surrender.

sabyasachi mukherjee

Profession

19978 Points Posted on 16 April 2020

Pls clarify the following points
1. whether the return has been filed upto date.
2. report the loss

surrender the existing pan.
apply for a fresh pan with a fresh name.

rakesh

trainee

67 Points Posted on 16 April 2020

Dear sir, No there is no any return filled upto date and there is not report for loss and director not want continue there business as the company has gone in Strike off . He also close there bank account, surrender ther GST registration and close the registered office. Hence there is not apply for a fresh Pan with another name /fresh name. Please guide.