TAN Number

TDS / TCS 3025 views 5 replies

E S S PRABHAKAR

accounts

71 Points Posted on 10 September 2009

Dear sir/s,

I am working in society organization which is formed for educational purposes, earlier to this the colleges (Aided Sections)have separate entities under relevant sectors. Before no requirement of filing of Income tax returns for educational institutions, we have applied for TAN(for purpose of TDS) and duly allotted by the authorities. After forming the society we have obtained separate TAN & PAN for the society and we started the filing of Income tax returns under the society of all colleges as one return(above said Aided Colleges& Un aided sections) .

Where as, regarding TDS quarterly returns, we are filing the separate returns for aided college using that TAN number and unaided TAN no. for unaided sections, but with the same PAN. Now I want to know that,

1) Shall we have Two TAN numbers under the One PAN?

2) If not so, we are liable to surrender one TAN to NSDL?

3) If we supposed to do so, The name of the Applicant of surrendered TAN will be name of the Aided College OR Society?

Kindly advise and help me in this regard.

Thanking you,

Prabhakar.

Replies (5)

Aditya

CHARTERED ACCOUNTANT

179 Points Posted on 10 September 2009

Dear Prabhakar ,

1. A person being assessee under Income tax Act, can have only one PAN.

2. Regarding TAN, an assessee can have different TAN for his each branch While having only one PAN.

3. IF the society also have any tax deduction liability then it may use its own TAN for deduction and payment of tds.

E S S PRABHAKAR

accounts

71 Points Posted on 10 September 2009

Originally posted by :NAVEEN KUMAR GOYAL
"	Dear Prabhakar , 1. A person being assessee under Income tax Act, can have only one PAN. 2. Regarding TAN, an assessee can have different TAN for his each branch While having only one PAN. 3. IF the society also have any tax deduction liability then it may use its own TAN for deduction and payment of tds.	"

Dear sir,

Thank you for your reply, and note that, the above said colleges are not comes under branches, it is part of the society , in fact including the aided and unaided college together brought under society and the other mean the society is parental body of the all colleges. kindly give reply

Prabhakar

KRISHNA KUMAR R C

CHARTERED ACCOUNTANT

313 Points Posted on 10 September 2009

The whole soetity should file one tds return, it cannot use the old tAN number alloted before formation of the soceity.

PRAVEEN KUMAR

MBA (Finance) B.Com.(P)

3443 Points Posted on 10 September 2009

i m agree with krishna kumar g

Prabeer

B. COM (H) CA & CS Final

5484 Points Posted on 11 September 2009

Dear Mr. E S S PRABHAKAR,

In India an entity can have more than one TAN and operate through the same for TDS purposes or can use a single TAN for all of it's offices & branches.

For more information you can log on to www.tin-nsdl.com & contact the respective persons for more info.

Regards,

Prabeer.