29 October 2010
There is no realtion between TAN and turnover. If you are deducting tax as per provision of I T ACT, you have to file the TDS return and TAN is required.
29 October 2010
For Individual, those are not covered under sec.44AB ( Tax audit), no need to deduct TDS on their payment, so my view since the turnover not covered under tax audit, so no TDS and TAN also not apply
29 October 2010
Question(head line) is based on VAT and not on Income tax act. If it is so, my understanding says, generally, VAT registration should be taken since minimum limit of turnover , which ever state to which the dealer belongs,is very much less the Rs. 30lakhs.
CAclubindia
