What is TAN Registration ?

TAN (Tax Deduction and Collection Account Number) is a unique 10-digit alphanumeric identifier required for entities responsible for deducting or collecting tax at source (TDS/TCS) under the Indian Income Tax Act, 1961. It ensures proper credit of taxes deducted or collected, facilitates compliance with TDS/TCS provisions, and is mandatory for filing TDS/TCS returns and issuing related certificates.

Benefits

  • Tax Deduction/Collection : Enables entities to deduct tax at source on specified transactions or collect tax at source as per the law.
  • Timely Processing : Ensures quicker verification and processing of TDS/TCS returns and refunds by the Income Tax Department.
  • Tax Compliance : Facilitates compliance with TDS/TCS provisions, ensuring proper credit of taxes deducted to the government.
  • Reporting : Mandates regular filing of TDS/TCS returns and issuing of TDS certificates to the payees.

Process

01

Check Eligibility

Identify if your business or entity is required to deduct or collect TDS/TCS.

02

Submit Application Form

Fill out Form 49B, the application for TAN allotment.

03

Final Submission

Submit the completed form online through the NSDL (National Securities Depository Limited) website or physically at TIN (Tax Information Network) Facilitation Centers.

04

Payment of Fees

Pay the applicable processing fee (a nominal fee charged for processing the application).

05

Acknowledgment

After submission, an acknowledgment slip is generated which includes a 14-digit acknowledgment number.

06

Processing

The application is processed, and if all details are correct, the TAN is allotted and sent to the applicant.

Documents Required

  • Identify Proof/ Address Proof
  • Date of Birth / Incorporation Proof
  • In case of an individual: Proof of Date of Birth (DOB)
  • In case of a Company: Copy of certificate of incorporation, Memorandum of association, Articles of association, or any other document regarding the type of entity.
  • Passport-sized Photographs

Our Support?

  • Consultation and Guidance : Advising on the necessity of TAN registration based on your business activities and transactions.
  • Preparation of Documents : Assisting in the preparation and collection of required documents.
  • Filing the Application : Helping with the accurate completion and submission of Form 49B for TAN allotment.
  • Liaising with Authorities : Communicating with tax authorities to resolve queries, follow up on the application, and address any issues during the verification process.
  • Obtaining TAN : Assisting in obtaining the TAN once the application is approved.
  • Ongoing Support : Providing ongoing support for compliance with TDS/TCS laws, including guidance on filing returns and updating TAN details if necessary.

Frequently Asked Questions

Any entity responsible for deducting or collecting tax at source must obtain a TAN. This includes businesses, organizations, and NRIs involved in transactions that require submitting TDS proof to the Income Tax Department if the payable amount exceeds Rs 50,000 a month.

Once the application is submitted and all details are correct, the TAN is typically allotted and sent to the applicant within a few weeks.

No, operating a business that requires TDS/TCS without a TAN is illegal and can result in severe penalties. TAN is mandatory for compliance with TDS/TCS provisions under the Income Tax Act, 1961.