TaxTMI 
TaxTMI 
Question - What are the proposed amendments in section 203A in Finance Bill 2015 ?
Relaxing the requirement of obtaining TAN for certain deductors
28 Feb 2015 
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TAN requirement relaxed: notified deductors may quote PAN instead for certain TDS reporting, reducing compliance burden.
The amendment provides that the requirement to obtain and quote Tax Deduction and Collection Account Number (TAN) will not apply to notified deductors or collectors, who may instead report tax deducted or collected by quoting their Permanent Account Number (PAN); this relief is aimed at reducing compliance burdens for individuals and HUFs not liable to audit and for one time or infrequent transactions such as immovable property transfers and certain payments to non residents. (AI Summary)
The amendment provides that the requirement to obtain and quote Tax Deduction and Collection Account Number (TAN) will not apply to notified deductors or collectors, who may instead report tax deducted or collected by quoting their Permanent Account Number (PAN); this relief is aimed at reducing compliance burdens for individuals and HUFs not liable to audit and for one time or infrequent transactions such as immovable property transfers and certain payments to non residents. (AI Summary)