TaxTMI 
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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.... 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 files the return, representing the company in liquidation. In the Regional Dire....
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....ain 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 such as Telephone, Electricity connection, Franking machines, Ba....
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....nt 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 of identification of the person who has signed the Return. In order to ....
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.... 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 to send documents about the company for applying to concerned ITO for obtaining PAN. 4) In the verification col....