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What is TAN Registration Overview

TAX Deduction and Collection Account Number is a 10 digit number issued to persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961The abbreviation of TAN is Tax Deduction and Collection Account Number. Tax Deduction and Collection Account Number or Tax Collection Account Number (TAN) is a ten-digit alphanumeric number provided by the Income-tax Department, to a person who is required to execute Tax Deduction at Source (TDS) and Tax Collection at Source (TCS). All entities which deduct tax at source should hold a TAN number to execute the deduction process, on behalf of the government and deposit to the same. Section 203A of Income Tax Act, 1961, mandates that all entities quote TAN in all communications related to TDS. In every TDS/TCS returns, TDS/TCS certificates, TDS/TCS payment challans, the TAN number should be mentioned.

Process for TAN Registration

There are two modes for applying for TAN: (1) Online mode and (ii) Offline mode. They are as follows:

OFFLINE-An application for allotment of TAN is to be filed in Form 49B in duplicate and submitted to any TIN-FC. Addresses of TIN-FCs are available at NSDL-TIN website (https://www.tin-nsdl.com).

In case of an applicant, being a company which has not been registered under the Companies Act, 2013, the application for allotment of Tax Deduction Account Number may be made in Form No. INC-32 (SPICe) specified under sub-section (1) of section 7 of the said Act for incorporation of the company.

ONLINE-An application for TAN can be made from the website of NSDL-TIN website.

Places from where to obtain Form 49B

Step 1

Form 49B is freely downloadable from the website of Income-tax Department (http://www.incometaxindia.gov.in)

Step 2

It is also available at TIN-FCs.

Step 3

Legible photocopies of Form 49B or forms legibly printed exactly as per the format prescribed by Income-tax Department are also allowed to be used.

Documents Required For TAN Registration

  1. Legal document
  2. Passport size photo
  3. Address proof of registered office
  4. PAN of the company
  5. TAN Application Form

Benefits Of TAN Registration

  1. TAN has a unique number with lifetime validity.
  2. TAN is ultimately used for deductions such as salary, interest, and dividends. While depositing a tax, the challan type 281 should be used and the 10 digit TAN number should be mentioned correctly along with the name and address of the deductor.
  3. As TDS certificates are issued by a person or entity which holds TAN, the tax payee has an opportunity to know how much tax has been paid by him/her.
  4. Similarly, the tax payee can use this TDS certificate as proof of tax paid in any type of grievances.
  5. TAN must be quoted on all tax documents.
  6. Even if anyone forgets the TAN number after acquiring, it can be found out by approaching the webpage of NSDL on clicking the “Know your TAN” from the option.
  7. Once the TAN application is successfully submitted, the status of the application can be tracked using the acknowledgment number.

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