TAN expemption

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karan (Querist)
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19 September 2010 1.If a professional gives salary to an individual does he require a furnish a TAN?
2.Is there an upper limit to this amount if the answer to the previous question is a "yes"?
3.Are the rules any different for relatives of the professional?
4.Can an individual issue a "form 16"?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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19 September 2010 If an Individual covered under sec.44AB need to deduct TDS on their payments. so you are covered under this you need to apply for TAN. While you are coming under TAN & TDS requirment the normal provisions like monthly payment, quarterly return and Issue of Form-16 all need to comply

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karan

karan (Querist)
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19 September 2010 Hi Ramesh,

What if the employee is not liable to pay tax ie no TDS needs to be deducted.The requirements for a TAN stay put?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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19 September 2010 If employees are not coming to taxable limit, then no TDS applicability, also no need to TAN registration

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