Who must apply for TAN?

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Full Text of the Document

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....t required to obtain TAN. (1) Section 194IA provides for deduction of tax at source from payment on transfer of certain immovable property other than agricultural land. (2) Section 194-IB provides for deduction of tax at source at the rate of 5% from payment of rent. The tax shall be deducted if the rent paid or payable exceeds Rs. 50,000 per month or part of the month. This provision is applica....