Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Tan registration

Mukesh Bhaiya (Manager- Accounts) (119 Points)

15 March 2013

Is it necessary for a sole prprieter to get registered for a TAN no. If the sole proprieter is not registered will he be liable for any penalty.

Thanks

Mukesh

Reply
Follow
Share

3 Replies

Ganeshbabu K (Audit and Tax Advisory) (48564 Points)
Replied 15 March 2013

Originally posted by : mukesh bhaiya
	Is it necessary for a sole prprieter to get registered for a TAN no. If the sole proprieter is not registered will he be liable for any penalty.

who will apply to PAN?

All those persons who are required to deduct tax at source or collect tax at source on behalf of Income Tax Department are required to apply for and obtain TAN.

So if you are liabile to deduct ot collect tax you need to register for TAN ,

it will cost around 100-150 i guess

Upgrade to CAclubindia Pro. Subscribe Now!

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 15 March 2013

Originally posted by : Ganeshbabu
	Originally posted by : mukesh bhaiya Is it necessary for a sole prprieter to get registered for a TAN no. If the sole proprieter is not registered will he be liable for any penalty. who will apply to PAN? All those persons who are required to deduct tax at source or collect tax at source on behalf of Income Tax Department are required to apply for and obtain TAN. So if you are liabile to deduct ot collect tax you need to register for TAN , it will cost around 100-150 i guess