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TAN Application

                                  What is TAN?

 

TAN stands for Tax deduction Account Number or Tax collection Account Number issued by Income Tax Department.

 

It is 10 digit alpha numeric 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.

It is compulsory to quote TAN in TDS / TCS return (including any e-TDS / TCS return), any TDS / TCS payment challan and TDS/TCS certificates.

 

Features of TAN Registration

  1. TAN is a 10 character alpha-numeric code issued by the Tax Department for persons responsible for deducting or collecting tax at source.
  2. Once a TAN is issued, it is valid for lifetime.
  3. TDS Payments-TAN must be quoted when depositing TDS in the authorized bank
  4. Individuals running a proprietorship are required to obtain TAN and deduct tax at source when required