Multiple TAN

[P S SATYA NARAYANA]

Dear Experts

 

Can a Company have multiple TANs for the purpose of locational advantage. 

If the answer is No, what are the consequences of having multiple TANs

If the answer is Yes, kindly suggest the steps to surrender TANs

 

thanks and regards

P.S.Satyanarayana

AI Summary

Companies Can Hold Multiple TANs; Apply to Jurisdictional Officer for Cancellation with Reasons on Plain Paper A company can possess multiple Tax Deduction and Collection Account Numbers (TANs) for different divisions, branches, or locations. If a company wishes to cancel any TAN, the deductor must submit an application to the jurisdictional Assessing Officer (TDS) on plain paper, explaining the reasons for the cancellation request.