TAN

TDS on Payment of rent by certain individuals or Hindu undivided family (HUF)

Income Tax - The Finance Minister while presenting budget for the year 2017-18 inserted a new provision i.e. section 194 IB under The Income-tax Act,1961, (The Act) to provide for Tax Deduction at Source (TDS) at the rate of 5 percent by an individual or HUF, other than those whose books of account are required to be audited, while making payment of r...

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Tax Deduction/Collection Account Number (TAN)

Income Tax - Article discusses about Meaning/ Structure/ Relevance of TAN, Persons liable to apply for TAN, Consequences of not quoting TAN, Procedure to obtain TAN, Places from where to obtain Form 49B, Authority empowered to allot TAN, Procedure for online TAN application....

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Deductors to close Taxpayer Grievance Tickets in their In-boxes

Income Tax - The Centralized Processing Cell (TDS) has provided an integrated platform for taxpayers, deductors & assessing officer. The objective of the functionality is to provide the taxpaying citizen to report missing TDS credits in their 26AS account directly to the deductors and assessing officers for its quick resolution....

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How to Registrar, Upload & View Form 61, Form 61B & Form 15CC

Income Tax - Form 61- Statement containing particulars of declaration received in Form No. 60 under rule (1) of rule 114D of Income Tax Rules, 1962 Form 61B – Statement of Reportable Account under sub-section (1) section 285BA of the Income-tax Act, 1961 under  sub-rule (8) of rule 114G of  Income Tax Rules, 1962 Form 15CC – Quarterly [&...

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TAN – Facts We should Know

Income Tax - TAN or Tax Deduction and Collection account number is a unique ten digit alpha-numeric number required to be compulsorily obtained by all persons who are responsible for deducting or collecting tax at source on behalf of Income Tax Department. GST Certification Course on Pen-Drive by TaxGuru & GST Professionals Section 203A of the Income ...

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No need to file PAN-TAN application in Form 49A/49B after filing SPICe e-forms: MCA

Income Tax - With effect from 6PM of 4th November 2017, stakeholders will NOT be required to upload signed 49A/49B using Submit application for PAN/TAN service, in respect of any fresh SPICe submission or Resubmission cases. PAN and TAN will continue to be issued as before based on the details submitted in the SPICe form itself. ...

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PAN and TAN within 1 day

Income Tax - CBDT has tied up with Ministry of Corporate Affairs to issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) in 1 day....

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Income Tax dept. Reactivates of link ‘Know your PAN/TAN/A.O.’

Income Tax - Some recent changes were reported by the members at the E filing website of the Income-tax department due to which the link ‘Know your PAN/TAN/A.O.’ was not directly accessible. ...

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PAN / TAN to be applied compulsorily with fresh incorporation application

Income Tax - Applying for PAN / TAN will be compulsory for all fresh incorporation applications filed in the new version of the SPICe form on or after 23 January 2017....

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CBDT introduces Paperless PAN & TAN application process

Income Tax - For fast tracking the allotment of PAN and TAN to company applicants, Digital Signature Certificate(DSC) based application procedure has been introduced on the portals of PAN service providers M/s NSDL eGov and M/s UTIITSL. Under the new process PAN and TAN will be allotted within one day after completion of valid on-line application....

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Lower deduction certificate issued in respect of one unit is enough to cover other units of Assessee despite Separate TANs

Commissioner of Income Tax (TDS) Vs. M/s Parle Biscuits Pvt. Ltd. (Punjab and Haryana High Court) - Assessing Officer of the contractors have furnished certificate under Section 197 of the Act to the Principal Officer of the Parle Biscuits Pvt Ltd, Mumbai. Such certificate is in terms of clause (iii) of Section 204 of the Act. Such certificate mandates the persons to whom such certificate is issue...

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No Penalty for wrong / non furnishing of PAN in TDS return if Asseee files later revised return with Correct PAN

ITO (TDS) Vs. Bharat Electronics Ltd. (ITAT Chandigarh) - ITO (TDS) Panchkula Vs. Bharat Electronics Ltd. (ITAT Chandigarh) it is apparent from the record that the assessee deducted TDS correctly and revised the PAN and filed revised statement in Form No. 26Q, hence there was sufficient compliance of the provisions of section 139A of the Act. Even otherwis...

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Procedure to apply TAN through SPICe Form No. INC-32

Notification No. 3/2017-Income Tax - (21/03/2017) - Notification explains Procedure of TAN application through Simplified Profoma for Incorporating Company Electronically (SPICe) (Form No. INC-32) of Ministry of Corporate Affairs....

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PAN / TAN for new Company- Apply in Form INC-7- No Separate Application

Notification No. 38/2015 - Income Tax - (10/04/2015) - Notification No. 38/2015 - Income Tax in case of an applicant, being a company which has not been registered under the Companies Act, 2013 the application for allotment of a Permanent Account Number and tax deduction and collection account may be made in Form No. INC-7 specified under sub-section...

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Guideline for issue of credit of TDS claimed when TDS not Matching with 26AS for returns of A.Y. 2010-11

INSTRUCTION NO. 2/2011 - (09/02/2011) - INSTRUCTION NO. 2/2011 The issue of processing of returns for Asst. year 2010-11 and giving credit for TDS has been considered by the Board. In order to clear the backlog of returns, the following decisions have been taken: (i) In all returns (ITR-1 to ITR-6), where the difference between the TDS ...

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New changes in TDS Rules

CBDT Press Release No. 402/92/2006-MC (27 of 2010) - (02/06/2010) - CBDT Press Release No. 402/92/2006-MC (27 of 2010) The Central Board of Direct Taxes (CBDT) have amended the Rules relating to TDS provisions date and mode of payment of tax deducted at source (TDS), TDS certificate and filing of ‘statement of TDS’ (TDS return) vide Notification No. 41/2010; SO...

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Amendments in TDS rules Applicable from 01.04.2010

Notification No. 41/2010-Income Tax - (31/05/2010) - Notification No. 41/2010-Income Tax The Central Board of Direct Taxes (CBDT) has recently amended vide Notification No. 41/2010 Dated 31/05/2010 the Income Tax Rules, 1962 (the Rules) in respect of the provisions relating to Tax Deduction at Source (TDS). The new Rules shall apply in respect of TDS...

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Recent Posts in "TAN"

TDS on Payment of rent by certain individuals or Hindu undivided family (HUF)

The Finance Minister while presenting budget for the year 2017-18 inserted a new provision i.e. section 194 IB under The Income-tax Act,1961, (The Act) to provide for Tax Deduction at Source (TDS) at the rate of 5 percent by an individual or HUF, other than those whose books of account are required to be audited, while making payment of r...

Read More
Posted Under: Income Tax |

Tax Deduction/Collection Account Number (TAN)

Article discusses about Meaning/ Structure/ Relevance of TAN, Persons liable to apply for TAN, Consequences of not quoting TAN, Procedure to obtain TAN, Places from where to obtain Form 49B, Authority empowered to allot TAN, Procedure for online TAN application....

Read More
Posted Under: Income Tax | ,

No need to file PAN-TAN application in Form 49A/49B after filing SPICe e-forms: MCA

With effect from 6PM of 4th November 2017, stakeholders will NOT be required to upload signed 49A/49B using Submit application for PAN/TAN service, in respect of any fresh SPICe submission or Resubmission cases. PAN and TAN will continue to be issued as before based on the details submitted in the SPICe form itself. ...

Read More
Posted Under: Income Tax |

PAN and TAN within 1 day

CBDT has tied up with Ministry of Corporate Affairs to issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) in 1 day....

Read More

Income Tax dept. Reactivates of link ‘Know your PAN/TAN/A.O.’

Some recent changes were reported by the members at the E filing website of the Income-tax department due to which the link ‘Know your PAN/TAN/A.O.’ was not directly accessible. ...

Read More
Posted Under: Income Tax |

Procedure to apply TAN through SPICe Form No. INC-32

Notification No. 3/2017-Income Tax (21/03/2017)

Notification explains Procedure of TAN application through Simplified Profoma for Incorporating Company Electronically (SPICe) (Form No. INC-32) of Ministry of Corporate Affairs....

Read More

PAN / TAN to be applied compulsorily with fresh incorporation application

Applying for PAN / TAN will be compulsory for all fresh incorporation applications filed in the new version of the SPICe form on or after 23 January 2017....

Read More
Posted Under: Income Tax |

Deductors to close Taxpayer Grievance Tickets in their In-boxes

The Centralized Processing Cell (TDS) has provided an integrated platform for taxpayers, deductors & assessing officer. The objective of the functionality is to provide the taxpaying citizen to report missing TDS credits in their 26AS account directly to the deductors and assessing officers for its quick resolution....

Read More
Posted Under: Income Tax |

CBDT introduces Paperless PAN & TAN application process

For fast tracking the allotment of PAN and TAN to company applicants, Digital Signature Certificate(DSC) based application procedure has been introduced on the portals of PAN service providers M/s NSDL eGov and M/s UTIITSL. Under the new process PAN and TAN will be allotted within one day after completion of valid on-line application....

Read More
Posted Under: Income Tax |

Revised PAN & TAN application fees wef 01.06.2016

PAN Card Application Revised Fee from 01/06/2016 As per NSDL notice, the PAN Card application fees have been revised as under: 1. For dispatch of PAN card in India:- Rs. 107 (inclusive of service tax) GST Certification Course on Pen-Drive by TaxGuru & GST Professionals 2. For dispatch of PAN card outside India: – Rs. 994 […]...

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Posted Under: Income Tax |
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