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Querist : Anonymous

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Querist : Anonymous (Querist)
29 October 2010 our Firm is proprietor concern
ternover nearly 30 lakhs
so TAN shud register or not?

Thanx in advance....

29 October 2010 There is no realtion between TAN and turnover. If you are deducting tax as per provision of I T ACT, you have to file the TDS return and TAN is required.

29 October 2010 For Individual, those are not covered under sec.44AB ( Tax audit), no need to deduct TDS on their payment, so my view since the turnover not covered under tax audit, so no TDS and TAN also not apply

29 October 2010 Question(head line) is based on VAT and not on Income tax act.
If it is so, my understanding says, generally, VAT registration should be taken since minimum limit of turnover , which ever state to which the dealer belongs,is very much less the Rs. 30lakhs.


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