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pan card of properitory firm - Income Tax

#1 Issue Id: - 3479
Dated: 7-10-2011
pan card of properitory firm

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Dear Sir,

i am starting a  properitory firm.  While Filling a PAN CARD THROUGH ONLINE 49A,i get little confused while chosing category.

PL GUIDE For proprietary firm, which category should I select among following:-

Firm or (2)Company or (3) Body of individuals .


For this firm , which Tax registration is needed?

The firm will be engaged in manufacturing of biomass briquetting & will sell across state.





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#2 Dated: 7-10-2011
By:- kanagaraj shanmugam

Dear Sagar,

you are not supposed to apply for pan card in the name of the propreitory concern in which you  are proreitor. you must useyour individual PAN for your propreitory business. you must use the same PAN for any number of propreitory business


#3 Dated: 8-10-2011

Proprietory concern is not an independent and legal person person - it is a unit of proprietor. Therefore,  seperate PAN is not required. Seperate TAN is also not required. A PAN and TAN obtained for an individual carrying busines or profession in name of proprietory concern can use the samePAN and TAN.

He should take care to obtain TDS certficates in name of Proprietor. For this purpose every person who is to deduct tax from payments/ credit in favour of proprietory concern should be informed and requested to issue TDS certificates in name of proprietor instead of in name of proprietory concern.

Better course is that each invoice and other related documents should show name of concern and fact that it is proprietory concern of  say P.


It is suggested to the CBDT that a record of proprietory concerns of PAN holder may be kept and each proprietory concern be tagged with the PAN // TAN of the Proprietor.


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