company want to me deduct tds, i have pan if i need tan
number.if yes kindly explain why?



company want to me deduct tds, i have pan if i need tan number.if yes kindly explain why?..

Answer / h.r. sreepada bhagi

A person, firm or a company who is responsible to deduct TDS
under Income Tax Act,1961 (in India) should apply to the
Income Tax Dept. and get TAN (Tax Deduction Account Number)
This number should be quoted in all documents related to
Deduction of Income Tax at Source.
It is different from PAN, which is required for filing
Income Tax Returns and for other purposes required as per
laws in India. PAN is a must for filing IT Returns, TAN is a
must for TDS, remittance & filing of returns thereof.

Is This Answer Correct ?    3 Yes 0 No

Post New Answer

More Taxation Interview Questions

WHAT IS THE PORVISION OF INCOME TAX & SELF ASSESSMENT TAX AFTER AUDIT IN PVT LTD CO & LTD CO , PLEASE GIEVE ANSWER IN DETAIL WITH ENTERY TO MY E-MAIL ADDRESSS

0 Answers  


i have a question that if i need to deduct wct on contract but the supplier don't have the vat registration what shoul be done?

2 Answers  


Why are component values not adding up to total values in some tables?

0 Answers   IBM,


pls tell what is TDS CONCEPT IN RELETION TO TRANSPORTOR

4 Answers  


can a company deduct tax at source on thier telephone and broadband billing? if yes then what will be rate of TDS?

5 Answers   KIP Financial,






We have sold goods to customer against H-Form in each quarter of the year. But customer is issuing single H-Form for whole year purchase. Should we accept it or not?

3 Answers  


How to Prepare Balance Sheet for Annual Tax Assessment. Do You Have any Format, Please send on (Pankajica15@gmail.com)

0 Answers  


what is the working capital

5 Answers  


what do you mean by tds

6 Answers   Oyster Learning,


Can we take input tax credit on purchasing of table and trolley for business.....

1 Answers   ABC,


What are the treatment & implications in case interstate sales transaction if party is not registered (Individual or other then individual)

0 Answers  


1. while making invoice of import ups then dealer charge the service tax then it is included in the bill or not. 2.Or we make to separte invoice for service charges.

1 Answers  


Categories