LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

Verification PAN in ITR 5

Kamal Jain (FCA) (200 Points)

17 September 2010

Which PAN No will be filled in ITR 5 in verification part , will it be firms PAN no OR partners PAN no signing the ITR?

Reply
Follow
Share

8 Replies

s.vaidyanathan (CA ) (119 Points)
Replied 17 September 2010

Hi sir,

It is Firm PAN Number to be fiiled in.

Regards,

S.V

Kamal Jain (FCA) (200 Points)
Replied 17 September 2010

But this is giving problem in ITR V.

In ITR V it is appearing like this...'I X s/o Y holding PAN no, AAAFP0000X...................' which is a wrong statement.

Gupta (STUDENT) (56 Points)
Replied 17 September 2010

hi sir,

You are filing the return for the firm..... but not for the Partner(s)...

So, the PAN Number you entered in the verification part will display in ITR - V

It means the PAN Number is relating to the Firm only

vkbothra (Learning ) (690 Points)
Replied 17 September 2010

Dear Sir,

this varification clause is for Induvidual assessee.

we can consider this as a mistake of IT department also.

and

also if you will read the whole Verification than at last you will find out, "I am making this return in my capacity as PARTNER and ..........

mean he/she is signing as a PARTNER. so there should be his/her PAN no.

;)

Kamal Jain (FCA) (200 Points)
Replied 17 September 2010

I also feel so. But wish to get some authoritative view on it.

Ninad Pandit (CA Final Student) (254 Points)
Replied 18 September 2010

Dear Sir,

In the verification portion of firm's return, there shouls be PAN of partner as he is signing in the capacity of partner. so it should be his PAN only & not form's PAN.

Santosh (Student ( Final Year - New )) (348 Points)
Replied 18 September 2010

Originally posted by : vkbothra
	Dear Sir, this varification clause is for Induvidual assessee. we can consider this as a mistake of IT department also. and also if you will read the whole Verification than at last you will find out, "I am making this return in my capacity as PARTNER and .......... mean he/she is signing as a PARTNER. so there should be his/her PAN no. ;)