firm#tan#requirement

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santosh dimble

160 Points Joined October 2015

I m incorporating a partnership firm which turnover will be less than 2 vr. in a year..i.e.presumptive income u/s 44AD..

so in this case - tan no.is necessary??

pl confirm..

Thanks

Santosh

Replies (1)

nikhil

221 Points Joined February 2014

yes,it is necessary because turnover limit is to be seen only for individual & HUF.
For anyone else other than individual & HUF is mandatory required to obtain TAN.