If a Person Having TAN Number for his business or profession can we qoute same TAN number or we have to apply to the department for this property transaction separately
Please Clarify,
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Doubt about 194ia
Replies (5)
| Originally posted by : NAGA SAI DAMARLA | ||
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If a Person Having TAN Number for his business or profession can we qoute same TAN number or we have to apply to the department for this property transaction separately Please Clarify, |
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TAN is not a mandatory requirement to deduct tax from payment made for purchasing an immovable property - Sec. 194-IA(3).
| Originally posted by : |)eep @ k Gupt/\ | ||
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Originally posted by : NAGA SAI DAMARLA If a Person Having TAN Number for his business or profession can we qoute same TAN number or we have to apply to the department for this property transaction separately Please Clarify, TAN is not a mandatory requirement to deduct tax from payment made for purchasing an immovable property - Sec. 194-IA(3). |
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Purchaser is not required to obtain a TAN for deduction..
For any query related to 194IA pls go thru this..
/forum/tds-on-sale-of-immovable-property-sec-194ia-simplified-268528.asp
Obtaining TAN:- Purchaser is not required to obtain a TAN for deduction
Read more at: /forum/tds-on-sale-of-immovable-property-sec-194ia-simplified-268528.asp
Read more at: /forum/tds-on-sale-of-immovable-property-sec-194ia-simplified-268528.asp
ok Thannk you for your reply
can you please mention the procedure for making payment in the case of TAN already alloted to the client
Where TDS 194-ia applies, the individual's PAN will be used to deduct and deposit TDS.
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