TaxTMI 
TaxTMI 
E-filing of Income Tax return in respect of companies under liquidation Special Drive to clear pendency of e-forms filed with Registrar of.
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..... Road, New Delhi-110001 Dated 6th July 2011 To All Regional Directors All ROCs All Official Liquidators Subject: E-filing of Income Tax return in respect of companies under liquidation. The Official Liquidators have reported that they are facing problems in e-filing of Income Tax Returns in compliance as they are required to mention PAN No. of the person who f....
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....income exceeding Rs.5 lakhs. Companies are also required to obtain PAN as well as TAN. Since this IT provision is applicable from 1995 onwards, hence, all companies which have come into liquidation from 1995 onwards are expected to have the PAN No. After the winding up order is passed by High Court, while obtaining Statement of Affairs from the Directors and taking possession of company's rights s....
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....ave not filed the Income Tax Return because Income Tax Department insists for personal PAN details in the ITR Form. 2. The matter was discussed with CBDT. It was explained from the CBDT side that IT Returns have been developed to enable all assessees to file the return and the Official Liquidators may quote PAN of the company as well as his personal PAN which is insisted for the purpose o....
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.... company shall be obtained from concerned ITO. 3) There are cases where no certificate of Registration and/or Article of Association/ Memorandum of Association are available. For this following action be taken: (a) If the company has no assets, it must be got liquidated and there is no need to apply for PAN. (b) If the company has assets, the concerned ROC be requested t....