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 |
Loan sanctioned by Andhra bank was trasfered to current account. Pass journal entry
what is non stock?
what is the difference between fund manager and portfolio manger
EXPAND_________TRAI
Sent debit note to Vijay traders for short supply of material Rs 4500/-Pass entry
shares journal entries
What Is The Limitation Of Remuneration Allowed If Book Profit Is 375850 In A Business Firm And In A Professional Firm?
What is meant by consignment
What is Free Cash?
What are the types of journal categories available in the Oracle AP?
Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
How to answer for the question, tell me about ur project? I mean in which format can i say?