What is AO type?
AO Type: This indicates the type of Assessing Officer (AO). If it says AO Type C, it means you fall under a ‘Circle’, and AO Type W means ‘Ward’. Usually, if your income is Rs. 10 lakh or more, you fall under Circle. Range Code: The range code indicates the Income Tax Range that you come under.
What is Pannotavbl?
A. In case of no deduction on account of declaration under section 197A. B. In case of deduction of tax at higher rate due to non-availability of PAN ‘C’ remark is allowed only if deductee PAN quoted is structurally invalid. (i.e. “PANAPPLIED”, “PANINVALID” or “PANNOTAVBL”).
How do I know my PAN type?
Fifth character of PAN represents the first character of the PAN holder’s last name/surname in case of an individual. In case of non-individual PAN holders fifth character represents the first character of PAN holder’s name. Last character, i.e., the tenth character is an alphabetic check digit.
What is the difference between circle and Ward?
A ward is jurisdictional area under Income Tax Officer whereas Circle is under control of Assistant/ Deputy Commissioner. A Circle may consist of multiple wards.
What is PAN and Tan card?
While PAN stands for Permanent Account Number, TAN stands for Tax Deduction Account Number. TAN is to be obtained by the person responsible who is an taxpayer or runs a business to enable proper deduction of tax, i.e. the deductor.
How do you know when to tan AO?
The Assessing Officer description can be obtained from the previous return filed by the applicant or it can be obtained from the local Income Tax Office. An applicant who does not know its Ward/Circle/Range/Commissioner details, can mention the default AO Code of the city where its files/intends to file its TDS return.
Which ward is Uttara in?
1 Dhaka North City Corporation (Bengali: ওয়ার্ড নং ১, ঢাকা উত্তর সিটি কর্পোরেশন) is an administrative division of Dhaka North City Corporation in zone 1. It’s located in Uttara police station of Dhaka City.
What is AO type in PAN card?
The AO Code is intended to indicate the tax jurisdiction under which the application would fall. AO is an acronym for Assessing Office. The significance of an AO Code in identifying jurisdiction is closely related to taxation because these codes inform the relevant authorities about which tax laws apply to a person.
What is my range code?
Step 1: Go to https://incometaxindiaefiling.gov.in and sign in. Step 2: As indicated below, click on ‘Profile Settings’ and then on ‘My profile. ‘ Step 3: When you click on ‘PAN Card,’ it will reveal all of the data, including the Area Code, AO Type, Range Code, AO Number, and Jurisdiction, as shown below.
What is 194JA TDS?
Section 194J – TDS on Professional/Technical Fees. According to the rules and regulations of Section 194J of the Income Tax Act, 1961, a person must deduct their Tax Deducted at Source (TDS) only at the rate of 10% when certain payments are made to a certain resident.
What is 194H in TDS?
Section 194H of Income Tax Act deals with TDS levied on the earnings received as commission or brokerage. This commission is the amount paid to an entity for rendering services during a sale or purchase. Both individuals and HUFs are liable to pay this tax. It is applicable on income exceeding ₹ 15000 p.a.
What is TAN number?
Tax Deduction Account Number or Tax Collection Account Number is a 10-digit alpha- numeric number issued by the Income-tax Department (we will refer to it as TAN). TAN is to be obtained by all persons who are responsible for deducting tax at source (TDS) or who are required to collect tax at source (TCS).
What is TAN and TIN?
Differences Between TAN And TIN Both TAN and TIN are tax identification numbers. However, while the Taxpayer Identification Number (TIN) is beneficial for both the state and the entity, the Tax Deduction and Collection Account Number (TAN) is assigned to companies and financial institutions.