If a person has two sole proprietorship firm namely A and B. A & B both are paying professional fees to a firm name C Rs. 25,000/- each.
Now my question is that whether A and B are required to deduct TDS on professional fees.
And if yes whether we have to apply for TAN separately for each firm
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TAN Number for two proprietorship firm
Replies (2)
1. Yes.
2. Not mandatory, but advisable.
Deduct professional fees under sec 194JJ 10%
TAN IS NOT MANDATORY BUT PAN IS MANDATORY
TAN IS NOT MANDATORY BUT PAN IS MANDATORY
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