The New Generation Of Banging Hardtechno

comfor · Posted: Wed 11:36, 10 Apr 2013 Post subject: Who is required to obtain TAN?

Under the Income Tax Act,1961, every person making payment or crediting income of specified types to another person is required to deduct a specific proportion of amount payable/creditable at the time of making payment or giving credit, whichever is earlier and deposit the sum so deducted i.e. TDS. Prior to making any such deduction, every such person shall have to apply to the Assessing Officer for allotment of a tax deduction account number (TAN) under section 203A of the Income Tax Act.

Any organization deducting tax at source is required to quote the TAN in the following documents:

All challans while depositing the tax so deducted.
All certificates issued against the tax deducted.
All returns furnished in respect of tax deducted at source.
All other documents pertaining to such transaction as may be prescribed.

[link widoczny dla zalogowanych] | [link widoczny dla zalogowanych] | [link widoczny dla zalogowanych]