Tax Deduction and Collection Account Number (TAN) is a 10-digit alphanumeric code issued by the Income Tax Department of India. It is mandatory for all entities responsible for deducting or collecting tax at source (TDS/TCS) before making payments. TAN is essential for businesses, employers, and financial institutions.
1. Regular TAN: Issued to organizations, companies, and individuals required to deduct or collect TDS/TCS.
2. Government TAN: Specifically for government departments and agencies handling tax deductions.
• Any business, organization, or individual responsible for TDS or TCS deductions must apply for TAN.
• Employers deducting TDS on employee salaries.
• Companies and financial institutions deducting TDS on interest, rent, professional fees, or commission.
• Government entities deducting TDS on payments.
• Banks and NBFCs involved in tax collection and deduction.
• Legally Required for TDS/TCS Payments: Any entity deducting tax at source must obtain a TAN to comply with the Income Tax Act.
• Facilitates TDS/TCS Returns Filing: A valid TAN is necessary for filing quarterly TDS/TCS returns.
• Prevents Penalties: Failure to obtain a TAN or quoting incorrect TAN can result in penalties of up to ₹10,000.
• Ensures Seamless Tax Deduction Compliance: Helps organizations deduct and deposit TDS/TCS smoothly without legal issues.
TAN registration does not require any physical documents. The following details are needed for the application:
• Name and type of entity (Company, LLP, Partnership, Individual, Trust, etc.).
• PAN of the entity or individual.
• Address and contact details.
• Name of the responsible person (Authorized signatory/Proprietor).
1. Visit the NSDL Portal: Go to the TIN-NSDL website and select ‘TAN Application’.
2. Select Application Type: Choose Form 49B, which is used for TAN registration.
3. Enter Business Details: Provide the entity name, PAN, address, and contact details.
4. Select the Category of Deductor: Choose the relevant category (Company, Partnership, Government, Individual, etc.).
5. Make Payment: Pay the TAN application fee through online banking, debit/credit card, or demand draft.
6. Submission and Acknowledgment: Once the form is submitted, an acknowledgment number is generated for tracking.
7. TAN Issuance: After verification, the Income Tax Department issues the TAN and sends it via post.
• Expert Guidance: Helps in selecting the correct TAN category based on business needs.
• Hassle-free Online Application: Our professionals ensure that the TAN application form is error-free.
• Quick Processing: Fast-tracked application to ensure minimal delays.
• TAN Correction Assistance: Support for correcting wrong details or updating TAN records.
• TDS Return Filing Support: Assistance in TDS/TCS return filing for full compliance.
