TDS : 2 Proprietorship Firm

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Practicing
126 Points Posted on 29 April 2020
If a person is having 2 Proprietorship firm in the same PAN. Then is it required to obtain 2 TAN No. for the TDS deduction and return filing as two different Proprietorship.

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On 29 April 2020 at 16:57 Report
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This discussion clarifies the requirements for Tax Deducted at Source (TDS) and Tax Deduction and Collection Account Number (TAN) when an individual operates two proprietorship firms under a single PAN. The consensus is that if both firms are located in the same place, only one TAN is required for TDS deduction and return filing. Separate TANs are not necessary in this scenario.

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CA qualified
389 Points Posted on 29 April 2020

Not required, if located in same place.

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On 29 April 2020 at 17:04
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Chartered accountant
290 Points Posted on 29 April 2020
No, only One TAN is applicable in this case
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On 29 April 2020 at 17:09

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