CBDT lays down procedure of PAN application & allotment through simplified proforma for incorporating LLPs electronically



Quick Summary
The Central Board of Direct Taxes (CBDT) has introduced a streamlined process for obtaining a Permanent Account Number (PAN) for newly incorporated Limited Liability Partnerships (LLPs). This new procedure allows LLPs to apply for a PAN electronically using the Simplified Proforma for Incorporating Limited Liability Partnerships (Form FiLLiP). The Ministry of Corporate Affairs will forward the application data to the Income-tax Authority upon generation of the LLPIN.

F. No. DG IT(S)/ADG(S)-1/FiLLiP form for LLP/2022-23/ Government of India Ministry of Finance Central Board of Direct Taxes Directorate of income-tax (Systems) Notification 04 of 2022. New Delhi 26th of July, 2022; Subject: Procedure of PAN application allotment through Simplified Profo
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FAQ :

The new procedure allows newly incorporated Limited Liability Partnerships (LLPs) to apply for a Permanent Account Number (PAN) electronically using the Simplified Proforma for Incorporating Limited Liability Partnerships (Form FiLLiP).

The applicable form is the Simplified Proforma for Incorporating Limited Liability Partnerships, also known as Form FiLLiP, as notified by the Ministry of Corporate Affairs.

This procedure is for newly incorporated Limited Liability Partnerships (LLPs).

The application for PAN allotment is filed using the FiLLiP form with the applicant's Digital Signature. After the LLPIN is generated, the Ministry of Corporate Affairs forwards the data to the Income-tax Authority.

The MCA has notified the common application form (FiLLiP) and will forward the application data to the Income-tax Authority after the LLP is incorporated and an LLPIN is generated.




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