Multiple proprietorships

can any indian individual open 2 or more propertiorship firm with single PAN number
Asked 4 months ago in Income Tax from Delhi, Delhi
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
Ria Nagpal
CA, Ahmedabad
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No you can have only one TAN no against single PAN.

Ria Nagpal
CA, Ahmedabad
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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.
Rohit R Sharma
CA, Mumbai
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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.
Rohit R Sharma
CA, Mumbai
986 Answers
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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
Abhishek Dugar
CA, Mumbai
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Yes you can open 2 or more proprietorship concerns with one PAN. The income from all will be taxed in the single PAN
Shyam Sunder Modani
CA, Hyderabad
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