Who Must Apply For Tan?

1.	Who Must Apply For Tan?
Answer» Every person liable to deduct tax at SOURCE or collect tax at source is required to OBTAIN TAN. However, a person required to deduct tax under section 194IA () can use PAN in PLACE of TAN as such person is not required to obtain TAN. () Section 194IA provides for deduction of tax at source from payment on transfer of certain immovable property other than agricultural LAND. Every person liable to deduct tax at source or collect tax at source is required to obtain TAN. However, a person required to deduct tax under section 194IA () can use PAN in place of TAN as such person is not required to obtain TAN. () Section 194IA provides for deduction of tax at source from payment on transfer of certain immovable property other than agricultural land.

Answer»

Every person liable to deduct tax at SOURCE or collect tax at source is required to OBTAIN TAN. However, a person required to deduct tax under section 194IA (*) can use PAN in PLACE of TAN as such person is not required to obtain TAN.

(*) Section 194IA provides for deduction of tax at source from payment on transfer of certain immovable property other than agricultural LAND.

Every person liable to deduct tax at source or collect tax at source is required to obtain TAN. However, a person required to deduct tax under section 194IA (*) can use PAN in place of TAN as such person is not required to obtain TAN.

(*) Section 194IA provides for deduction of tax at source from payment on transfer of certain immovable property other than agricultural land.

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