Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 24 February 2020
PAN is optional and voluntary just like passport, Driving License, Aadhar card etc. However, its use is mandatory at required places like Driving License for driving and passport for foreign travels. Similarly, persons who are required to furnish income tax return or who intend to enter into economic or financial transaction for which it is mandatory, must obtain PAN.
LegalWizin (Online Legal Service) 25 February 2020
The PAN of Sole Proprietor is considered as similar to the PAN of an Individual. Hence there will be no separate PAN for sole proprietorship firm.
John Miller (Business Strategist) 26 February 2020
Thank you.
| Originally posted by : Rama chary Rachakonda | ||
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PAN is optional and voluntary just like passport, Driving License, Aadhar card etc. However, its use is mandatory at required places like Driving License for driving and passport for foreign travels. Similarly, persons who are required to furnish income tax return or who intend to enter into economic or financial transaction for which it is mandatory, must obtain PAN. |  |
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