suresh (Practicing Chartered Accountant) (33 Points)
20 April 2011Hi all
Is it mandatory for a company to obtain a seperate TAN (Taxpayer account number) for its branch operations situated in a different assessment circle / state.
The FAQs in Incometaxindia.com states that the companies can obtain, but is there anything wrong if i use the same number for all branches,
Thanks in advance
rgds
suresh.v
9994524563
Devendra
(Chartered Accountant)
(4775 Points)
Replied 20 April 2011
Respected CA Sureshji,
No. The Branch will have to pay TDS on the TAN of the head office. There is no ne to obtain a new TAN for the branch offices.
Regards,
Devendra
CA. Arpita Singhal
(Partner)
(100 Points)
Replied 20 April 2011
Good & logical Quesion.
My view is sperate TAn should be taken for branches in sepeate states.
As per as our experience of Income Tax Department, whatever can be done must be done.
I will also try to find an exact answer to your question.
Excel Mastery Program
CAclubindia
