pan no to a private hospital

sreenu (Querist) 12 November 2009 This query is : Resolved
is it necesssary to take a pan no for a private clinic if it is registered

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Vineet (Expert) 12 November 2009
Every person (As defined in Income Tax Act), who has taxable income, or required by law to file return of income should apply and obtain PAN.

From your querry it is not clear what is the status of owner of Private Clinic. Please provide complete details.

G V S Jagannadha Rao (Expert) 12 November 2009
PAN no is not a pre-requisite for starting a private clinic. You say your clinic is already regitered. If you have taxable income, you have to file income tax returns, for which obtaining a Permanent Assessment Number (PAN) is necessary.

Raj Kumar Makkad (Expert) 12 November 2009
GVS has rightly defined the legal position in such matters.

pkpworld.. (Expert) 13 November 2009
PAN is required :-

(a)If your total income exceeds Rs.150000/- OR
(b)If your turnover/gross receipts exceeds Rs.500000/- during the FY.

PAN is nothing but a identification of assesee for the purpose of Income Tax matter.