TAN application for proprietorship company

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ADHIP KUMAR MISRA

ACCOUNTS MANAGER

179 Points Posted on 02 November 2021

I have applied online for TAN of a proprietorship company . I had selected the category "Branch of Individual Business (Sole Proprietorship) " . Since there is a seperate name of the proprietorship company so I have mentioned the name of the company in the field " Name/Location of Branch " while filling up the Form 49B online. But after payment by netbanking when the acknowledgement was generated , only the proprietor's name is appearing , nowhere the company name is appearing . I am confused . Have I done wrong ?

Secondly, when I send the hard copy of the acknowledgement (as no DSC is there) to the department , do I also have to take a print out of Form 49B and send the filled up Form 49B alongwith the acknowledgement ?

Replies (6)

Quick Summary

A user applied online for a TAN for their proprietorship company, selecting 'Branch of Individual Business (Sole Proprietorship)' and entering the company name in the 'Name/Location of Branch' field. However, only the proprietor's name appeared on the acknowledgement, causing confusion. It was clarified that this is normal as proprietorships share the proprietor's PAN. The user also inquired about sending hard copies and stamping, receiving advice that only the acknowledgement is sufficient, though Form 49B can be sent additionally. Despite submitting documents showing the company name, the final TAN allotment letter still only listed the proprietor's name, leading to a request for further guidance.

CA Aakarsh Jain

10436 Points Posted on 02 November 2021

See since the proprietorship firm has a PAN same as an individual so in TAN acknowledgement there will be the name of the proprietor only. so please don't worry, you have done nothing wrong.
Secondly, its only sufficient to send the acknowledgement to the department but you can also send form 49B as an additional document.

If you are satisfied with my reply then please click the like button so that I'll be motivated to answer more 🙂

ADHIP KUMAR MISRA

ACCOUNTS MANAGER

179 Points Posted on 02 November 2021

Thank you so much .

ADHIP KUMAR MISRA

ACCOUNTS MANAGER

179 Points Posted on 03 November 2021

One more thing , referring to this question of mine about the TAN application , when I send the hard copy of the acknowledgement to the department then should I affix the company proprietor's stamp and then get the proprietor's stamp ? Or only proprietor's stamp will suffice and company's proprietor stamp is not needed to be affixed ?

CA Aakarsh Jain

10436 Points Posted on 03 November 2021

It is already an acknowledgement, so you don't need to affix any stamp

ADHIP KUMAR MISRA

ACCOUNTS MANAGER

179 Points Posted on 13 November 2021

I have received the TAN allotment letter by mail from NSDL . Like I had mentioned before I had applied under the Category " "Branch of Individual Business (Sole Proprietorship) " . Since there is a seperate name of the proprietorship company so I had mentioned the name of the company in the field " Name/Location of Branch " while filling up the Form 49B online. In the online Acknowledgement that was generated the name of the company was not there but that query of mine has already been answered . I had sent the signed hard copy of acknowledgement alongwith PAN and Adhaar of proprietor , and ALSO the copy of professional tax of the company where the name of the company is clearly mentioned alongwith the proprietor's name . This document was signed by the proprietor after affixing the company proprietor stamp .

But even then in the TAN allotment letter the company name is not appearing anywhere . Please guide me what should I do now. The business is being operated in the name of the proprietorship company, so TDS will be deducted by the company during payments.