How To Get Your TAN or PAN Cancelled?
My ltd. company has acquired another company in Fy 2006-07.I would like to know the procedure of cancellation of TAN and PAN of the merged company since the acquirer company will now file all returns.Mahesh
The TAN can be cancelled by following procedure:
Cancellation of PAN
There is no express provision given for process of cancellation of PAN .However, there is provision for cancellation of more than one PAN. I think form for "change or correction of PAN data" from the NSDL or UTISL website should be utilised for cancellation of PAN.Point no 10 of such form is the column to indicate which PAN you want to cancel. In my opinion, go an meet the official concerned of these two institution for proper guidance.
However, I presume that government will never cancel the PAN , maybe your PAN shall be made ineffective after your application. Reason is that income tax department scrutinises the accounts in back years and that way if your company which will not be in existence is cancelled , the department will not in position to verify the transactions of past.
The TAN can be cancelled by following procedure:
- Go to http://tin.nsdl.com.
- Download the form "Form for Changes or Correction in TAN"
- Fill up properly and indicate TAN numbers you want to cancel in point 6 of the Form.
Cancellation of PAN
There is no express provision given for process of cancellation of PAN .However, there is provision for cancellation of more than one PAN. I think form for "change or correction of PAN data" from the NSDL or UTISL website should be utilised for cancellation of PAN.Point no 10 of such form is the column to indicate which PAN you want to cancel. In my opinion, go an meet the official concerned of these two institution for proper guidance.
However, I presume that government will never cancel the PAN , maybe your PAN shall be made ineffective after your application. Reason is that income tax department scrutinises the accounts in back years and that way if your company which will not be in existence is cancelled , the department will not in position to verify the transactions of past.
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