Sole proprietor have a single tan no for two different firms
This query is : Resolved
19 July 2019
For Eg:-
For FY 18-19
Mr X is Sole proprietor for Firm A (Having Trading Business) & Firm B ( Service Business), turnover for
Firm A :- 83,00,000 (Old Firm Already Having TAN No.)
Firm B :- 79,00,000 (New Firm)
Is already allotted TAN No. Can be used for TDS Deduction under both firms from current year FY 19-20?Is TDS deduction liability applicable under both firms.
For FY 18-19
Mr X is Sole proprietor for Firm A (Having Trading Business) & Firm B ( Service Business), turnover for
Firm A :- 83,00,000 (Old Firm Already Having TAN No.)
Firm B :- 79,00,000 (New Firm)
Is already allotted TAN No. Can be used for TDS Deduction under both firms from current year FY 19-20?Is TDS deduction liability applicable under both firms.
CA R SEETHARAMAN
(Expert)
19 July 2019
Yes, already allotted TAN No. Can be used for TDS Deduction under both firms from current year FY 19-20. TDS deduction liability applicable under both firms being prop concern.
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