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.

AI Summary

Co-operative Society Must Reapply for PAN Due to Incorrect Status Listing as AOP Trust Instead of AOP A co-operative society, registered since 1975, applied for a Permanent Account Number (PAN) in 1994, listing its status as an Association of Persons (AOP) Trust. However, their auditor recently pointed out that their correct status is simply AOP, not AOP Trust. The society is advised to surrender the existing PAN and apply for a new one reflecting the correct status, as changes cannot be made through a PAN correction form. It is suggested to submit the application through UTI or NSDL facilitators for reissuance.