TAN Number is a 10 Digit Alphanumeric Number abbreviation used for Tax Deduction and Collection Account Number. Every Assessee liable to deduct TDS is required to apply for TAN and shall quote this number in all TDS Returns,TDS payments and any other communications regarding TDS with Income Tax Department.
Failure to do so may attract a heavy penalty of up to Rs.10,000. TDS Returns and Payments will not be received by the Banks if TAN is not quoted. LegalPopcorn can help you obtain your TAN registration online quickly.
TAN is a 10 character alpha-numeric code issued by the Tax Department for persons responsible for deducting or collecting tax at source.
Once a TAN is issued, it is valid for lifetime.
TDS Payments-TAN must be quoted when depositing TDS in the authorized bank.
Individuals running a proprietorship are required to obtain TAN and deduct tax at source when required
The Tax deduction and collection account number is the unique 10-character alphanumeric code required by persons who have to deduct tax at source or TDS.
Who issues PAN card?
The Income Tax Department has delegated this power to NSDL, IT department and under the supervision of CBDT issues the TAN card.
Who can apply?
Any Individual or a business entity that is supposed to deduct the TDS and file the TDS return are mandatory to apply for TAN.
Validity of TAN card
The TAN number is valid for a lifetime unless you surrender it to the tax authorities due to some reasons. The generation of the TAN is a one-time process requires no renewal.
How to apply for TAN?
The persons who have to obtain the TAN number require to fille TAN application form 49B.
Authenticity of the TAN Card
The government offers an online portal ``Know your TAN`` from where anyone can easily verify and authenticate the validity of TAN number.
From your Procedure
STEP 1Upload Documents
Upload the Required Documents & Information to our web portal
STEP 2Choose Package
Choose Package and Pay online with different payments modes available
On placing the order, your application will be assigned to one of our dedicated professionals
Our professional team will fill and submit TAN application form 49B
An Acknowledgement Receipt Number consisting unique 15-digits will be provided to you
The TAN allotment letter shall be delivered at your doorstep within a few days