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Criteria for Pvt. Ltd company to get TAN Number

Dr. Jones (Director) (253 Points)

07 September 2009

What is the criteria for Pvt. Ltd company to get TAN Number?

Is it based on no. of employees or is it complusory for any Pvt. Ltd. company to get TAN Number?

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4 Replies

CA. Megha Topiwala (Job) (1534 Points)
Replied 07 September 2009

if ur payment made to employees is beyond the taxable limits and other payemnts is made beyond the limits specified various sections 193 to 196... thne its compulsory 2 hv TAN n deduct tax at source...

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Dr. Jones (Director) (253 Points)
Replied 07 September 2009

I had made payment to my employees with salaries as Rs. 6000 per month and 12000 per month for 3 months.

Total of which does not fall in taxable limit of each individual...in that case...is TAN no. needed?

CA Amit Kanani (Practicing CA) (338 Points)
Replied 25 September 2009

NO, TAN no. is not needed in this case, surely.

Sunil Liladhar Kotak (Manager (F & A)) (2025 Points)
Replied 25 September 2009

The criteria for applying for TAN do not depend on whether u r individual of Company or having some other status. It depends on your liability as to the TDS Deduction(which is rightly said by megha)