Firm pan no.
KHUMESH
(Querist) 12 December 2013
This query is : Resolved
If person have its own pan no.which was used during his service. Now he enters into business and forms firm in making partnership deed and gets fresh TIN no. of firm and along with PAN NO. OF Firm.
He earns money from service and pays income tax and also earns from business the how he can pay the tax having same pan no. or firm will pay tax , is sufficient for income tax .
Regards,
BAALASUBRAMANNYAMM
(Expert) 12 December 2013
Here firm PAN is different and personal PAN number is different. In case of filing IT returns for the firm, you have to use firm PAN Number and also in case of your personal filing of IT returns, you should have to mention your personal PAN number. Even though you are earning money through the firm, you have to file two IT returns and mention two PAN numbers,in case of individual filings.
Rajendra K Goyal
(Expert) 12 December 2013
Return of firm would be with firm PAN.
Your return after clubbing income from service and business would be with your individual PAN.
R.K Nanda
(Expert) 13 December 2013
consult tax lawyer.
Anirudh
(Expert) 13 December 2013
Tax lawyers have already sufficiently replied.
malipeddi jaggarao
(Expert) 13 December 2013
The profit earned by the firm - the firm has to file return with firm's PAN number. The share of profit earned by you, as partner of the firm has to be clubbed with your other income and file a return in individual with your PAN Number.
Expert Mr.Rajendra Goyal also advised the same. I only elaborated it.
T. Kalaiselvan, Advocate
(Expert) 13 December 2013
I think sufficient advises have been rendered which are proper and appropriate.
