TAN Number
This query is : Resolved
20 September 2007
Yes TAN Number is compulsory in case of Company
20 September 2007
No, As per Income Tax Act : "All those persons who are required to deduct tax at source or collect tax at source on behalf of Income Tax Department are required to apply for and obtain TAN"
20 September 2007
PLEASE READ : Section 203A. (1) Every person, deducting tax or collecting tax in accordance with the provisions of this Chapter, who has not been allotted a tax deduction account number or, as the case may be, a tax collection account number, shall, within such time as may be prescribed98, apply to the Assessing Officer for the allotment of a tax deduction and collection account number.
(2) Where a tax deduction account number or, as the case may be, a tax collection account number or a tax deduction and collection account number has been allotted to a person, such person shall quote such number
(a) in all challans for the payment of any sum in accordance with the provisions of section 200 or sub-section (3) of section 206C;
(b) in all certificates furnished under section 203 or sub-section (5) of section 206C;
99[(ba) in all the quarterly statements prepared and delivered or caused to be delivered in accordance with the provisions of sub-section (3) of section 200 or sub-section (3) of section 206C;]
(c) in all the returns, delivered in accordance with the provisions of section 206 or sub-section (5A) or sub-section (5B) of section 206C to any income-tax authority; and
(d) in all other documents pertaining to such transactions as may be prescribed in the interests of revenue.]
(2) Where a tax deduction account number or, as the case may be, a tax collection account number or a tax deduction and collection account number has been allotted to a person, such person shall quote such number
(a) in all challans for the payment of any sum in accordance with the provisions of section 200 or sub-section (3) of section 206C;
(b) in all certificates furnished under section 203 or sub-section (5) of section 206C;
99[(ba) in all the quarterly statements prepared and delivered or caused to be delivered in accordance with the provisions of sub-section (3) of section 200 or sub-section (3) of section 206C;]
(c) in all the returns, delivered in accordance with the provisions of section 206 or sub-section (5A) or sub-section (5B) of section 206C to any income-tax authority; and
(d) in all other documents pertaining to such transactions as may be prescribed in the interests of revenue.]
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