Pan no
Durga Mishra
(Querist) 28 June 2013
This query is : Resolved
we had dissolved our partnership firm in march 2010.hw can we deactivate our pan no,so that no tds gets deducted on this pan no.
Anirudh
(Expert) 28 June 2013
Do you expect any payment from anybody to the Partnership Firm?
If not, where is the question of anybody deducting tax at source against the PAN No. of the Firm?
Rajendra K Goyal
(Expert) 28 June 2013
Agree, If no payment is due TDS will not be deducted.
Durga Mishra
(Querist) 29 June 2013
after that we had formed a company with same name of the partnership firm,becoz of the same name our clients are still deducting tds on the old pan of the firm.
Rajendra K Goyal
(Expert) 29 June 2013
You may file final return after closure of the firm and request (with the original PAN card), the Income Tax Department to cancel the PAN as the firm has been dissolved. Officially IT department has prescribed the procedure for cancellation of duplicate PAN but not for such cases.
Raj Kumar Makkad
(Expert) 30 June 2013
Final Returns of the partnership might have been sent by you to IT department and if not then send with a specific letter to cancel the PAN no. on the basis of your dissolution of partnership deed. enclose its copy thereto.
Anirudh
(Expert) 30 June 2013
All these efforts will not solve your problem.
Even if you cancel the existing Pan No. of the dissolved Firm, UNLESS the persons from whom you expect payments to be received in the name of the new COMPANY, are informed repeatedly of the new PAN No. of the Company against which they have to show the TDS, and the said persons correctly indicate your new PAN No., your problem will continue.
