30 December 2021
Mr. X, a salaried individual, is agree to sell his truck (heavy goods vehicle) to M/s ABC Limited for its commercial purpose for INR 11,50,000/-. Though U/S 206C(1F) Mr. X is liable to deduct TCS from the buyer (M/s ABC Ltd.) for such sale but he does not have TAN. Must he apply for TAN for such single sale?
CAclubindia
