what is the difference between TAN and TIN?
- 3 Answers
- 54481 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / anil kumar sharma
TIN stands for Taxpayer Identification Number and which is
an employer identification number assigned by the Internal
Revenue Service (IRS) when registering a company to do
business.
TAN stands for Tax Deduction Account Number and Collection
Account Number which is a 10 digit alpha numeric number
required to be obtained by all persons who are responsible
for deducting or collecting tax. It is compulsory to quote
TAN in TDS/TCS return (including any e-TDS/TCS return), any
TDS/TCS payment challan and TDS/TCS certificates
| Is This Answer Correct ? | 232 Yes | 28 No |
TAN: TAX DEDUCTION ACCOUNT NUMBER WHICH RELATES TO INCOME
TAX ACT FOR THE TAXES DEDUCTED FROM VARIOUS CLIENTS IN
THEIR BILLS AND THIS SHOULD BE MENTIONED IN FORM 16 OR FORM
16 A WHEN ISSUED TO DEDUCTEES. IT IS A UNIQUE CODE GIVEN
BY IT TO RECOGNISE BY WHOM ACCOUNT THE TAXES ARE DEDUCTING.
TIN: TAX IDENTIFICATION NUMBER WHICH RELATES TO VAT. IT IS
A NUMBER GIVEN BY SALES TAX DEPARTMENT TO THE REGD. DEALERS
AND THEY NEED TO QUOTE THIS NUMBER ON BILLS AND OTHER
RETURNS TO KNOW THE AMOUNT TAX COLLECTED TOWARDS VAT.
| Is This Answer Correct ? | 139 Yes | 27 No |
Answer / prabhakar
as per Mr prabhakar garu its senior cosultant in sinewlore
software solution ltd its not correct
| Is This Answer Correct ? | 16 Yes | 33 No |
Company has 10000 shares, issued dividend of 10rs, tax 25% what is total net profit ?
Expand Q R
Choose the right answer Which of the following is Liability account 1.Bills payable 2.TDS collected 3.Unearned income
a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting
how to prepare the balance sheet of private ltd. company & what roll should be play by Income tax, compnay law & accounting standard in India & world.
Explain "basic fundamental Assumptions"?
What form of classification of expenses is expected for a charity whose gross income does not exceed ?250,000 preparing accruals accounts?
what are the procedures of paying service tax and vat?
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
in which group under we will open donation and hamali weekly payment account or ledger
what is working management?
Expand ________DMT
Audit 
