Please mention what are the requirements and procedure to obtan TAN (Tax Deduction/Collection Account Number).
Shridhar Shah
(Chartered Accountant in Practice)
(172 Points)
Replied 03 September 2012
Please refer to https://www.tin-nsdl.com/download/tan/Form49b_22052012.pdf
there are no supporting needed. Just quote your PAN no in form 49B & apply for apropriate assessee.
Pawan
(CA final articleship)
(45 Points)
Replied 03 September 2012
thanks i m going to start new business and want to deduct tax. i have not paid any tax yet. am i eligible to collect tax ???? please help.
Shridhar Shah
(Chartered Accountant in Practice)
(172 Points)
Replied 03 September 2012
When you are doing business & enter in a transaction for which you are liable to deduct tax at source, you shall deduct TDS.
Not necessary that you have paid any tax or not. But yes, if you deduct any tax than you shall pay the same in treasury in stipulated time limit. Also you need to file TDS return timely too.