TAN Applicability For Individual & HUF

This query is : Resolved

Javed Memon (Querist)
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04 February 2025 Respected Sir

in case of Individual & HUF When it Compulsory to obtain TAN ?

Some Consultant Said it is based on t/o and Some said it is based on Audit

now if it is based on audit than

44ABa-Clause 44AB(a)- Total sales/turnover/gross receipts of business exceeding specified limits;

44ABe-Clause 44AB(e)- When provisions of section 44AD(4) are applicable;

if t is based on audit than both Section of Audit TAN is applicable or Only 44AB(a) Audit applicable for TAN Requirement

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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04 February 2025 TDS is applicable if business turnover exceeded 1 Cr. in preceding year, for certain specific sections. (like professional fees etc.) Other than those if TDS is mandatory to deduct (like Salary) TAN becomes mandatory.