Is TIN / TAN only for Companies? or it can be a personal No for Individuals like PAN?
Are BOTH (TAN/ PAN) necessary for TDS?
Kindly clarify my doubts. Also is TIN necessary in addition to the above if dealing with Sales Tax/ Excise/ VAT ??
sandhya (Senior Assosciate) (65 Points)
11 June 2011Is TIN / TAN only for Companies? or it can be a personal No for Individuals like PAN?
Are BOTH (TAN/ PAN) necessary for TDS?
Kindly clarify my doubts. Also is TIN necessary in addition to the above if dealing with Sales Tax/ Excise/ VAT ??
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 11 June 2011
tan is compulsory if one is liable to cut tds
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 11 June 2011
tds is applicable in the audit cases hence PAN would always be there
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 11 June 2011
YES VAT IS ALSO COMPULSORY FOR DEALING IN GOODS WHICH ATTRACTS THE VAT PROVISIONS
sandhya
(Senior Assosciate)
(65 Points)
Replied 11 June 2011
is TIN / TAN applicable for Individuals?
So all the three are necessary?
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 11 June 2011
AGREED WITH ALL D VIEWS ABOVE OF FUTURE CA
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 11 June 2011
YES IT IS ALSO APPLICABLE FOR INDIVIDUAL
CA Hemang Shah
(PRACTICE)
(658 Points)
Replied 11 June 2011
Rajnikant Vadigoppula
(CA, CS And CMA Final)
(919 Points)
Replied 11 June 2011
I. TAN AND PAN IS APPLICABLE TO ALL ENTERPRISES WHO DEDUCT TDS.
WHO WILL DEDUCT TDS -
1.ALL COMPANIES.
2.OTHERS-WHO ARE LIABLE FOR AUDIT (RELAXATION TO DEDUCT TDS IN FIRST YEAR- IT MEANS IF THESE ENTERPRISE DO NOT DEDUCT TAX IN FORST YEAR THEY WILL NOT BE PENALISED).
II. TIN IS MANDATORY TO ALL ENTERPRISES WHOSE GOODS ARE LIABLE TO VAT/CST.
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