25 October 2013
I WANT TO SURRENDER MY TAN NO ISSUED TO ME ON 1-4-2013 SINCE I HAVE RETURNED ALL LOANS WHICH I TOOK & NOW I DO NOT HAVE TO DEDUCT TDS SINCE I HAVE NOT TO MAKE ANY INTEREST PAYMENT. I HAD GIVEN AN APPLICATION TO INCOME TAX DEPARTMENT FOR SURRENDER OF TDS NO BUT THEY DID NOT ACCEPT MY APPLICATION & HAVE TOLD ME TO MENTION REASON FOR SURRENDER OF TDS. WHAT REASON SHOULD I GIVE IN MY APPLICATION FOR SURRENDER OF TDS NO.PLEASE GIVE ME A FORMAT OF LETTER ALSO IN DETAILS TO BE GIVEN TO IT DEPARTMENT
25 October 2013
Well, given that you are not closing your business, it is possible that Income-tax department won't accept your application. Generally, TAN surrender is accepted where you have been issued two TAN or where your closing or business or merging it with another entity. Just because your interest obligations are over may not be a sufficient reason.