Tan appln - is it mandatory when no tds ?

This query is : Open

Venkat (Querist)
Follow

22 March 2014 Dear Experts,

Good morning,
I have been running a marriage hall for a few months now, this business is not registered.
I understand i can use ITR-4S (u/s 44AD) for filing returns with my PAN & no service tax applicable yet as the gross receipts still less than 9 lacs.

Could you shed some lights on the following:

1) Should i apply for TAN and report/deposit any TDS, is it mandatory below case?
-I have 3 people working(a manager, a watchman, a housekeeper) in the hall,
whose individual's payment is still less than Rs. 2 lacs annaul income band (and no TDS)
-The annual rent paid to the owner is Rs. 1.8 lacs (and so no TDS)

2) Should i register this business anywhere and get any registration number/ID ??
(i have approvals from municipality/police/fire departments etc)

Thank you & Good day,

CA Jitender Sharma

CA Jitender Sharma (Expert)
Follow

22 March 2014 1. There is no need to have TAN as no tds liability generate as per above pt 1.

Message likes : 1 times

Venkat

Venkat (Querist)
Follow

22 March 2014 Dear Sir,

Thank you for your time/confirming that NO need to apply/get a TAN as long as NO TDS liability arises.

An accountant mentioned that shops (e.g. hair saloons, grocery, restaurants) were hanging TAN/TIN info on their walls, so you should get one too ?! This sounded pretty strange to me and wanted to get expert's confirmation to be on safer side.

Regards,

Venkat

Upgrade to CAclubindia Pro. Subscribe Now!