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TAN / TIN/ PAN

Others 1678 views 8 replies

Is TIN / TAN only for Companies? or it can be a personal No for Individuals like PAN?

Are BOTH (TAN/ PAN) necessary for TDS?

Kindly clarify my doubts. Also  is TIN necessary in addition to the above if dealing with Sales Tax/ Excise/ VAT ?? 

Replies (8)

tan is compulsory if one is liable to cut tds

tds is applicable in the audit cases hence PAN would always be there

YES VAT IS ALSO COMPULSORY FOR DEALING IN GOODS WHICH ATTRACTS THE VAT PROVISIONS

is TIN / TAN applicable for Individuals?

So all the three are necessary?

AGREED WITH ALL D VIEWS ABOVE OF FUTURE CA

YES IT IS ALSO APPLICABLE FOR INDIVIDUAL         

If company want to deduct tds then company must have tan and person which have deduct must disclose him pan no

I. TAN AND PAN IS APPLICABLE TO ALL ENTERPRISES WHO DEDUCT TDS.

WHO WILL DEDUCT TDS -

1.ALL COMPANIES.

2.OTHERS-WHO ARE LIABLE FOR AUDIT (RELAXATION TO DEDUCT TDS IN FIRST YEAR- IT MEANS IF THESE ENTERPRISE DO NOT DEDUCT TAX IN FORST YEAR THEY WILL NOT BE PENALISED).

II. TIN IS MANDATORY TO ALL ENTERPRISES WHOSE  GOODS ARE LIABLE TO VAT/CST.


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