what is the difference between TAN and TIN?
Answers were Sorted based on User's Feedback
Answer / anil kumar sharma
TIN stands for Taxpayer Identification Number and which is
an employer identification number assigned by the Internal
Revenue Service (IRS) when registering a company to do
business.
TAN stands for Tax Deduction Account Number and Collection
Account Number which is a 10 digit alpha numeric number
required to be obtained by all persons who are responsible
for deducting or collecting tax. It is compulsory to quote
TAN in TDS/TCS return (including any e-TDS/TCS return), any
TDS/TCS payment challan and TDS/TCS certificates
Is This Answer Correct ? | 232 Yes | 28 No |
TAN: TAX DEDUCTION ACCOUNT NUMBER WHICH RELATES TO INCOME
TAX ACT FOR THE TAXES DEDUCTED FROM VARIOUS CLIENTS IN
THEIR BILLS AND THIS SHOULD BE MENTIONED IN FORM 16 OR FORM
16 A WHEN ISSUED TO DEDUCTEES. IT IS A UNIQUE CODE GIVEN
BY IT TO RECOGNISE BY WHOM ACCOUNT THE TAXES ARE DEDUCTING.
TIN: TAX IDENTIFICATION NUMBER WHICH RELATES TO VAT. IT IS
A NUMBER GIVEN BY SALES TAX DEPARTMENT TO THE REGD. DEALERS
AND THEY NEED TO QUOTE THIS NUMBER ON BILLS AND OTHER
RETURNS TO KNOW THE AMOUNT TAX COLLECTED TOWARDS VAT.
Is This Answer Correct ? | 139 Yes | 27 No |
Answer / prabhakar
as per Mr prabhakar garu its senior cosultant in sinewlore
software solution ltd its not correct
Is This Answer Correct ? | 16 Yes | 33 No |
what is the difference between liquid asset and fixed asset
honararium for the month of march 2013 can be paid on 31 mar 2013
what is meant by qurum
2Create a program that accepts a number and output its equivalent in words (maximum input number is 3000). for example Enter a number: 1380 one thousand three hundred eighty
Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
What is the use of final account?
EXPAND___________LST
when do we claim service tax credit?for eg: in a company they are not claiming any service tax credit for their telephone expenses incured? what would be the reasons for not claiming it?
what is a contract note?
Sir what is IFUSL? Asked in bank loan form
What will be the journal entry of provision for income tax in the financial year .
22 Answers Genpact, VSR Ventures, YEA,
A business unit disposes an old asset at a rate higher than its written down value. Then how it will be recorded and under what head of income