surrender of PAN

Dear Yogeshwari,

Amazing doubt buddy...I have never heard of something like this before....

Well no procedure U just have to break it into peices & through it in Dustbin.......

I think u've to apply the same with CORRECTION FORM only....

just follow what Amir said or keep it with you for future....

Amir, how can u say that.... dear, when partnership converts into firm or company... it has to surrender its PAN....

And as i said, its through correction form only, where one has to attach xerox of pan card (original too, if required) with it

Hi,

You cannot surrender the Single PAN Number through NSDL.

You just write to your AO, he ONLY can do it.

Dear Dhiraj,

Do u mean, that if a firm gets converted into company it has to apply for change in PAN rather than new PAN???

I am asking this because I have not come across any such thing...

Ya if that is the procedure then what u r saying is correct, but Yogeswari will tell whether they r going for merger or not...

But...Its better to surrender PAN or to inform Assessing Officier to avoid any further notices or queries from Dept.........

Aamir if u dont know the subject matter then pls dont answer every1 assumes that the answerer knows and its authenticated .so pleasebe responsible and reply queries i am sure that was just humour from u.

If firm is no longer in existence after dissolution, PAN is automatically invalid after completion of income tax assessment till its last day of existence and of course till all the dues are cleared. After this, number will not be used any further as the firm is dissolved. Therefore it is upto the department whether they wish to cancel th number or not. While completing assessment and recovery of tax dues, it is better to write to AO to cancel the PAN.