InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 51. |
How Will The New Tan Be Intimated To The Deductor? |
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Answer» NSDL will ENSURE INTIMATION of NEW TAN at the ADDRESS indicated in the Form 49B NSDL will ensure intimation of new TAN at the address indicated in the Form 49B |
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| 52. |
What Is The Fee For Filing Application For Tan? |
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Answer» Currently the fee for filing the TAN application is Rs.55/- + SERVICE tax as applicable (the application FEES MAY change from time to time). Currently the fee for filing the TAN application is Rs.55/- + service tax as applicable (the application fees may change from time to time). |
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| 53. |
What If Incomplete Form 49b Is Submitted? |
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Answer» The TIN Facilitation Centre will assist the applicant to CORRECTLY fill up Form 49B but incomplete or deficient application will not be ACCEPTED. The TIN Facilitation Centre will assist the applicant to correctly fill up Form 49B but incomplete or deficient application will not be accepted. |
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| 54. |
What Are The Documents That Need To Accompany The Tan Application? |
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Answer» No documents are required to be ACCOMPANIED with Form 49B i.e. the application for allotment of TAN. However, where the application is being MADE online, the acknowledgment which is generated after online FILLING up the form will be required to be forwarded to NSDL. No documents are required to be accompanied with Form 49B i.e. the application for allotment of TAN. However, where the application is being made online, the acknowledgment which is generated after online filling up the form will be required to be forwarded to NSDL. |
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| 55. |
Can Form 49b Be Filled On A Typewriter? |
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Answer» Yes. But TYPING should be in capital letters with good IMPRESSION. Yes. But typing should be in capital letters with good impression. |
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| 56. |
Can An Application For Tan Be Made On A Plain Paper? |
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Answer» No. TAN Application can be made only on FORM 49B. The application form can be downloaded from the WEBSITE of the Income Tax Department or NSDL OBTAINED from any other source. The application is also AVAILABLE at TIN Facilitation Centres. No. TAN Application can be made only on Form 49B. The application form can be downloaded from the website of the Income Tax Department or NSDL obtained from any other source. The application is also available at TIN Facilitation Centres. |
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| 57. |
Can An Online Application Be Made For Allotment Of Tan? |
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Answer» Yes. Yes. |
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| 58. |
Who Will Allot Tan? |
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Answer» TAN is allotted by the INCOME Tax Department on the basis of the application SUBMITTED to TIN Facilitation Centres (TIN-FC) managed by NSDL. NSDL will intimate the TAN which will be required to be mentioned in all FUTURE CORRESPONDENCE relating to TDS/TCS. TAN is allotted by the Income Tax Department on the basis of the application submitted to TIN Facilitation Centres (TIN-FC) managed by NSDL. NSDL will intimate the TAN which will be required to be mentioned in all future correspondence relating to TDS/TCS. |
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| 59. |
How To Apply For Tan? |
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Answer» There are two modes for applying for TAN: (1) Online mode and (ii) Offline mode, they are as follows: OFFLINE:An application for allotment of TAN is to be filed in Form 49B in DUPLICATE and submitted to any TIN Facilitation Centres (TIN-FC). In case of an applicant, being a company which has not been registered under the Companies Act, 2013, the application for allotment of Tax Deduction ACCOUNT Number may be made in Form No. INC-7 specified under sub-section (1) of section 7 of the said Act for incorporation of the company. ONLINE:Online application for TAN can be made from the NSDL-TIN website. There are two modes for applying for TAN: (1) Online mode and (ii) Offline mode, they are as follows: OFFLINE:An application for allotment of TAN is to be filed in Form 49B in duplicate and submitted to any TIN Facilitation Centres (TIN-FC). In case of an applicant, being a company which has not been registered under the Companies Act, 2013, the application for allotment of Tax Deduction Account Number may be made in Form No. INC-7 specified under sub-section (1) of section 7 of the said Act for incorporation of the company. ONLINE:Online application for TAN can be made from the NSDL-TIN website. |
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| 60. |
Why Is It Necessary To Have Tan? |
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Answer» As per section 203A of the Income-tax Act, 1961, every PERSON who deducts or collects tax at source has to apply for the allotment of TAN. Section 203A also makes it MANDATORY to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS PAYMENT challan, TDS/TCS certificates and other documents as may be prescribed. As per section 272BB, failure to apply for TAN or not QUOTING the TAN in the specified documents attracts a penalty of RS. 10,000/-. As per section 203A of the Income-tax Act, 1961, every person who deducts or collects tax at source has to apply for the allotment of TAN. Section 203A also makes it mandatory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS payment challan, TDS/TCS certificates and other documents as may be prescribed. As per section 272BB, failure to apply for TAN or not quoting the TAN in the specified documents attracts a penalty of Rs. 10,000/-. |
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| 61. |
Who Must Apply For Tan? |
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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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| 62. |
What Is Tan? |
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Answer» TAN i.e. Tax DEDUCTION and COLLECTION Account Number is a 10 digit ALPHA numeric number REQUIRED to be obtained by all persons who are responsible for deducting tax at source or collecting tax at source. It is compulsory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS payment challan, TDS/TCS certificates, Annual Information Return and other documents as may be prescribed. TAN i.e. Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting tax at source or collecting tax at source. It is compulsory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS payment challan, TDS/TCS certificates, Annual Information Return and other documents as may be prescribed. |
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