Tax deduction and collection account number (TAN)

TAN number is a 10 digit alphanumeric number. Every assesse is liable to deduct TDS is required to apply for TAN no. and shall quote this no. in all TDS returns, TDS payments and any other communications regarding TDS with income tax department otherwise heavy penalty of up to Rs 10,000 may be attracted. Once TAN is obtained, TDS returns must be filed quarterly by the business.

FEATURES OF TAN

  • TAN structure – first four characters are letters, the next five are numerals and the last character is a letter.  g.: DELA99999B. First 3 characters represent the city or state where TAN was issued, fourth character represent first character of name of deductor, next 5 characters are numeric and last character is letter.             
  • It is issued for the lifetime.
  • Individuals running a proprietorship business need to obtain TAN. It is not applicable in the case of salaried people.
  • TAN helps in opening bank account and bank transactions.
  • Different branches can have separate TAN.
  • Easy to obtain TAN.
  • All tax information network is based on TAN and PAN links.
  • There are prescribed rates for every type of TDS payments under the income tax act 1961.

DOCUMENTS REQUIRED

For TAN registration no particular document or proof of identity is required. For obtaining TAN, Form 49B i.e. the application for allotment of TAN needs to be filled and submitted.

You can inquire the status of your application by accessing NSDL-TIN website at the “Status track” option and quoting your unique 14-digit acknowledgement number after three days of your application.

. If one is paying salary or a commission to another, the entity must have a TAN. This can include:

.Individuals

.Hindu undivided family

.Company

.Central or state government or a local authority

.Sole proprietor

.Firms

.Associations of persons

.Trusts

 Once applied generally; it takes 7-10 working days for TAN allotment by NSDL. However, receipt of a physical TAN letter may take time depending upon the processing time by the department. 

Yes, the name and location of branch or the designation of the person responsible for deducting /collecting tax; whichever is applicable should be given in the application for allotment of TAN.

All those persons who are required to deduct/collect tax at source on behalf of Income Tax Department are required to apply for and obtain TAN.

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