02 July 2018
My friend would like to start a new venture as a proprietor. He wants to make the payment to Contractor. For his business, his PAN will be treated as PAN for his business too. I would like to guide him on how he needs to apply for TAN? Please guide me.
How he needs to apply PAN? On which basis he needs to apply for TAN?
02 July 2018
pan of proprietor would be pan of proprietorship business. On the basis of pan you can apply for tan if required. As in case of proprietor ship business tds req to be deducted only if you were liable for tax audit in preceding fy. except tds on salary
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