what is the difference between TAN and TIN?
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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 |
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