pan

[d.v. gupta]

sir, we are registered co-operative society since 1975. we applied the pan no and written status as aop(trust) and got the pan no in 1994.the no issued was for aop(trust) and the 4th character of pan is T as per pan scheme. our auditor point out today that our status is 'aop' only not aop(trust). they advise us for change the status. should we surrender the pan issued to us and apply for a new as the catogary of assessee changed and this change is not updated by income tax department.

[Guest]

Yes, you can submit application thro UTI or some NSDL facilitators. They will correct and re issue card.

[rishi mohan]

Sir,

You need to surrender the permanent account number alloted to you by income tax department and to apply a fresh permanent account number for the co-operative society. As the change in Pan number can't be made through pan correction form, the income tax department shall issue a fresh pan for the co-operative society.

AI Summary

PAN category correction: change or reissue recommended to align a cooperative society's assessee classification. A cooperative society's PAN was issued as AOP (Trust) though its correct classification is AOP. Practitioners recommend either submitting a correction application through UTI/NSDL facilitators to correct and reissue the PAN, or surrendering the existing PAN and applying for a fresh PAN because the PAN category change cannot be effected via the standard PAN correction form.