When to obtain tan no.

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Querist : Anonymous

Querist : Anonymous (Querist)

04 September 2014 when to obtain TAN No. of proprietorship firm
(1) when Turnover cross Rs. 1 crore or 25 lacs In the case of professional ,then apply for PAN nO.
(2) or After getting of TAX audit i.e froma 1 april for coming Financial year.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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04 September 2014 If Tax Audit is applicable in FY 2013-14 then you are required to deduct TDS from 01.04.2014 i.e., FY 2014-15,

So you can apply for TAN for April 1 or earlier if you want to.

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Querist : Anonymous

Querist : Anonymous (Querist)

04 September 2014 sir
suppose for Financial year 2014-2015 ,from 1st april to 31st august my turnover cross Rs, 1 crore then in this we immediately apply for TAn no. and after obtaining TAN no we should deduct TDS, for financial year 2014-2015.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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04 September 2014 No. in the given case you are required to deduction TDS from 01.04.2015 onward. So you can apply for TAN accordingly.

Querist : Anonymous

Querist : Anonymous (Querist)

04 September 2014 Thanks sanjay sir for reply my answer.

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