Pls tell a newly partnership need to take Tan no as they are paying rent of Rs 60000/- per month , but their turn over will be approx 20lakh this year ???
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Tanno requirement
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The firm is required to deduct the Tax and should take TAN Number immidiately
The limit of turnover is applicable only in case of Individual and HUF
On Firms and Companies TDS is applicable from the very first day
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