This discussion clarifies whether a person with two proprietorship businesses needs a new TAN (Tax Deduction and Collection Account Number) for their second business. The consensus is that if you already have a TAN for one proprietorship, you can use the same existing TAN for your second proprietorship business, even if both are subject to tax audit and attract TDS.
17 November 2020
A person have two proprietorship business.He already have a TAN no. Do he have to apply for another TAN No. for second proprietary business? As Tax Audit applicable for both the business and expenses attract TDS. Kindly guide on that..