company want to me deduct tds, i have pan if i need tan
number.if yes kindly explain why?
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Answer / h.r. sreepada bhagi
A person, firm or a company who is responsible to deduct TDS
under Income Tax Act,1961 (in India) should apply to the
Income Tax Dept. and get TAN (Tax Deduction Account Number)
This number should be quoted in all documents related to
Deduction of Income Tax at Source.
It is different from PAN, which is required for filing
Income Tax Returns and for other purposes required as per
laws in India. PAN is a must for filing IT Returns, TAN is a
must for TDS, remittance & filing of returns thereof.
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