24 April 2014
Hi, I am handling accounts in a pvt ltd company for last 2 months. The Co. formally established on year 2011 as sole proprietorship business, converted to a private Ltd company on year 2012. As on date has not applied for TAN.Company's turnover is 86 lac for fin.year 2013-14. My query is whether company should immediately apply for TAN is co. eligible for TDS? Regards,
24 April 2014
yes PVT LTD/ LTD company /Partnership firm are liable to deduct TDS from the date of incorporation/formation.so if you have any exp which liable to tds then you have to apply for TAN.