What is tan no.

This query is : Resolved

sanjay (Querist)
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02 October 2011 I want to know about TAN. no. and when we deduct tds from any party then how we issued form 16a to any party. Please provide me detail about this

Vikram Somani

Vikram Somani (Expert)
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02 October 2011 TAN is Tax (Deductor's) Account No. which is used to deduct tax at source from another person or party. TAN is necessarily to be mentioned in the challans used for paying tax deducted from different persons into Government Accounts. Such a statement will contain details of PANs of different persons to whom payments were made/accounts credited and from whom taxes were deducted in accordance with the prevalent law. Form 16A contains the details of tax deductor and deductee along with PAN no, tan no, nature of payment on which tax deducted and challan no through which the tax has been deposited