We got your reaction
Wondering, “Is PAN card mandatory for society to file an ITR?” When filing the income tax returns for a society, the Permanent Account Number (PAN) required is that of the society itself, not of any individual members or office bearers. Societies registered under the Societies Registration Act, 1860 or any other relevant state act must obtain a PAN in their name.
This PAN is used for all tax-related activities, including the filing of income tax returns, TDS payments, and other financial transactions related to the society. This ensures that all financial activities and tax liabilities are correctly attributed to the society.
Get Expert Guidance Regarding Tax Related Queries Via Legal Experts at NoBrokerI hope this helps!
Authors Of The Question
Whose PAN Card is Required During Filing of Returns of the Society?
DSouza
321Views
3 months
2024-06-27T12:55:42+00:00 2024-06-27T12:55:43+00:00Comment
1 Answers
Share