TAN for deducting TCS on Vehicles
This query is : Resolved
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?
30 December 2021
Yes TAN no is required for all TDS 194Q and 206 transactions
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