tax payment query

[megha malpani]

My client has converted pvt ltd to LLP

There is a demand in Pvt Ltd for which appeal has been filed

We want to pay 20% of demand as per law

How it has to be paid as there is no bank account of pvt ltd now

Whose PAN would be used for payment

[DR.MARIAPPAN GOVINDARAJAN]

When a private limited company is converted into LLP all the accounts are to be transferred in the LLP account. The tax case laws are accordingly name changed by virtue of conversion. Likewise PAN also.

[Ganeshan Kalyani]

in my view , tax payment can be done from any bank account. it is not necessary to match the name of the company with the name in the bank account.

experts are requested to share their view point please.

AI Summary

Conversion to LLP: PAN and tax identity transfer to LLP; tax demand payments can be made from any bank account. Conversion of a private limited company into an LLP transfers corporate accounts and tax records, including the PAN, to the LLP so tax proceedings continue in the LLP's name. Alternatively, payment mechanics may permit remittance from any bank account irrespective of the account name, while the legal tax identity post-conversion resides with the LLP.