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
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
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 |
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