TDS / TCS (Income Tax) - Information & Resource Bank

Day: May 23, 2015

Obtaining / quoting tax deduction and collection account number (TAN) relaxed for certain notified persons – “Section 203A”

Post author By TDSMAN
Post date May 23, 2015
No Comments on Obtaining / quoting tax deduction and collection account number (TAN) relaxed for certain notified persons – “Section 203A”

At present, any person who is required to deduct tax at source (other than under Section 194IA) is expected to obtain a TAN and quote that TAN in the challan and the TDS statement that he is supposed to file. This is a cumbersome requirement-particularly to the individuals who acquire an immovable property from non-residents. […]

Tags Section 194IA, Section 203A, TAN:

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