pan for proprietory business

prasad (Querist) 12 January 2010 This query is : Resolved
Pls let me know if a sole proprietory business can apply for PAN.or is the PAN of the sole propreitor relevant for this purpose.What is the proof of identity of a sole proprietory business?

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A V Vishal (Expert) 12 January 2010
The PAN of the proprietor is relevant since in sole proprietorship there is no difference between him and his business.

Raj Kumar Makkad (Expert) 13 January 2010
His duly sworn affidavit is sufficient to establish his identity being a sole properietor.

soumitra basu (Expert) 13 January 2010
If the sole proprietor has a PAN, no need to apply further PAN for the business.

Kumar Thadhani (Expert) 13 January 2010
the sole proprietory need not apply for separate PAN no his identity Or status according to the Income Tax is treated as INDIVIDUAL

Vineet (Expert) 14 January 2010
A sole propreitory business is neither legal nor artificial juridical person. It is not distiguishable from its propreitor and therefore income of such business is nothing but income of the owner individual. Threfore PAN of individual is relevant.

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