Yes there is no restriction in having more than one business in same PAN.
Just that you have to disclose all the balancesheets and profits from all the business in the IT Return.
Regards,
Ria
can any indian individual open 2 or more propertiorship firm with single PAN number
multiple TAN number for single PAN number
Yes there is no restriction in having more than one business in same PAN.
Just that you have to disclose all the balancesheets and profits from all the business in the IT Return.
Regards,
Ria
thanks ria ji...
multiple TAN number for single PAN number
Hello Sir,
You can very well open N number of Proprietorship firms with a single PAN but at the time of filing your Income Tax Returns you will have to club all of them and file a single return.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP.
Dear Sir,
You cannot apply for multiple TAN on a single Pan.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP.
Dear Sir,
Yes, one can have two or more businesses under a single PAN but ITR return will be filed only one consolidating all the businesses.
Further you can only have one TAN against a single PAN.
please feel free to revert in case of any doubts
Thanks and Regards
Abhishek Dugar