20 January 2014
DEAR EXPERTS. I AM TAN NO HOLDER BUT I AM CLOSED MY BUSINESS PERMANENTLY.SO I WANT TAN NO SURRENDER TO CONCERN AUTHORITY BECAUSE I WANT TO FEEL FREE FROM QUARTERLY TDS STATEMENTS.THERE IS PENALTY OF 200/- PER DAY AFTER DUE DATE.SO THERE IS NO NEED AND REQUIREMENT OF TAN NO FOR MINE. REPLY ,THANX
21 January 2014
surrender procedure http://www.wirc-icai.org/Announcement/tan.pdf
however, please note that the penalty for filing return is applicable only if any TDS was deductible during the relevant period. If there is no TDS deductible, no need to file the return and no 234E penalty.