Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
11 July 2016Friends
A company is having TAN for tax deduction at source. Now it has to collect tax at source by virtue of section 206C(1D). Is the company required to obtain any tax collection at source number separately.
Look forward to your kind responses.
Regards
Dipjyoti
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 12 July 2016
The Buyer who has collected the tax at source is required to apply for TAN no. This TAN no is required to be quoted in all TCS Return Forms and also the time of deposit on TCS collected
Vishal Goel
(Chartered Accountant)
(1693 Points)
Replied 12 July 2016
FAQs - Tax Deduction and Collection Account Number (TAN)
Q) Is a separate TAN required to be obtained for the purpose of Tax collection at Source?
Ans. In case a TAN has already been allotted, no separate application needs to be made for obtaining TAN. The same number can be quoted in all returns, challans and certificates for TCS. However, if no TAN has been allotted, a duly filled in Form 49B, alongwith the application fees is to be submitted at any TIN-FC.
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