About tan no


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 March 2017 when is individual liable to take TAN no??
what is the limit of gross receipt/ turnover in FY
IN WHICH YEAR WE HAVE TO FILE TDS RETURN?

17 March 2017 If you are paying amount under various heads if Threshold limit exceeds, than TDS applicable.

It is compulsory for tax audit assassee if payment made above Threshold limit to deduct applicable TDS.
TDS is applicable in the year in which payment exceeds threshold limit prescribed under various section. TDS is applicable on Payment or bill whichever is earlier. So TDS to be paid within 7th of subsequent month and quarterly return to be submitted, other wise 234E Late fee Rs.200 or Maximum Tds amount whichever is less applicable.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 March 2017 THANK YOU SIR,
BUT I WANT TO KNOW, WHEN I SHOULD AS AN INDIVIDUAL SHOULD APPLY FOR TAN NO.??
TAX AUDIT LIMIT FOR TAKING TAN NO????

19 March 2017 You have to deduct tds by applying tan when you are under tax audit. tax audit limit is prescribed by ITD. Now tax audit is not subject to prescribed limit.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details