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Is the proprietors PAN different from his company and does he have to apply for personal profession tax?


Is the proprietors PAN different from his company and does he have to apply for personal profession tax?

If the individual is having any proprietary business, then that proprietary business income will be the income of the proprietor and the same has to be shown in individuals income tax returns under the head "Income from Business or Profession".

May be the business is registered with some other name other than the individuals own name (example, Kiran kirana stores or Mohan art studio or Goodwill bekary) with sales tax or with any authority. Still it has to be shown as the income of the proprietor (individual).

In this case the PAN number of the proprietor is the PAN number for that proprietary concern. There is no need to apply again for a PAN for the proprietary concern.

But in some places where the TDS applies to the proprietary concern, the person who deducts TDS will ask for the PAN number which should be in the name of the business. In this case it is better to take the advise of the C.A.

yes pan has to b separate for individual and company to file i tax return

Pan for individuals is different from Pan for company.

No, PAN will be allocated in the name of Individual and tax return will be filed in the nane of individual ( proprietors).

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