Is tan mandatory for proprietorship firm
Is there any turnover limit or any other conditions.
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TAN registration requirement
Replies (8)
Quick Summary
For deduction of TDS and to deposit in GOVT account , filing TDS returns , TAN is mandatory .
For proprietorship it's not mandatory.
Tds provisions applicable only if the tax audit is applicable.
Tds provisions applicable only if the tax audit is applicable.
For Individual Turnover limit is 1 crore .
Please correct my above reply 1 crore turnover limit is not for TAN .
Tan not required mandatory.
Individuals & HUFs have a relaxation.So you need to check whether tax audit is applicable.
Refer 194IB once
Refer 194IB once
Any person who is liable to deduct TDS/TCS is required to obtain TAN except if TDS is deducted u/s 194 IA, 194 IB, 194M
Kindly check the relaxations
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