Answer Posted / viswanath malladi
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.
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