Sir,
One of the new contractor Mr A (i.e his first contract) got the contract for Rs. 80,00,000.00 He is a individual.
He gave a sub contract to other new Pvt limited Company - his sister concern -MR.B
so my query is whether Mr. 'A' has to register with Income tax department for TAN and under VAT for TIN
AND Secondly Mr. 'B' also has to register under both.
Please suggest
URGENT
Sushant
TAN - both A and B should have TAN provided the payment to be made by both A and B is covered under TDS provisions.
Oher members may respond on VAT..
Arpan Bohra & Co
Hyderabad
CA Inter
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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CCI
Pro
CAclubindia
