even if the sole propeitor has PAN number, Current account and Service tax number is still TAN number mandatory for a Sole Proprietorship firm to pay salaries to its employees? how to issue salary slips?
HARITHA AMBATIPUDI (Head - Finance and Operations) (24 Points)
28 January 2012even if the sole propeitor has PAN number, Current account and Service tax number is still TAN number mandatory for a Sole Proprietorship firm to pay salaries to its employees? how to issue salary slips?
kanagaraj
(CHARTERED ACCOUNTANT)
(793 Points)
Replied 28 January 2012
Dear,
if your TO exceeds the limit prescribed u/s 44AB then you have to deduct the tax and pay to govt.For that you must have TAN
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