TAN (Tax Deduction Account Number)
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What is TAN?
Tax Deduction and Collection Account Number better known as TAN is a 10-digit alphanumeric number. The number is required to be obtained by all persons who are responsible for deducting or collecting the tax.
The alphanumeric number is allotted by the Income Tax (IT) Department under Section 203A of the Income Tax Act, 1961. It is required to be mandatorily quoted on all TDS returns.
Why is TAN Required?
TAN is required by all individuals because without it Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) returns are not accepted by TIN facilitation centres. Banks do not accept the challans for TDS/TCS payments if TAN is not quoted.
It needs to be mentioned that failing to apply for TAN or not quoting the 10-digit alphanumeric number in specified documents like TDS/TCS returns, e-TDS/e-TCS returns, TDS/TCS certificates, and TDS/TCS payment challans can attract a penalty of Rs.10,000/-.
Who Needs to Apply for TAN?
Types of TAN Applications
1.) Application for issuance of new TAN
2.) Form for change or correction in TAN data for TAN allotted
Our Packages
- New/Updation TAN Application
Digital SignaturesFast Track Application
Document Information
Documents for TAN
- POI/ POA- Aadhaar, Passport, Voter ID, Driving Licence
- An affidavit of the HUF issued by the head of HUF along with POI/POA details
- Certificate of Registration issued by Registrar of Companies
- Certificate of Registration issued by the Registrar of Firms/ Limited Liability Partnerships and Partnership Deed.
- Copy of Trust Deed or a copy of the Certificate of Registration Number issued by a Charity Commissioner.
- Certificate of Registration Number from Registrar of Co-operative Society or Charity Commissioner
- Passport
- PIO/ OCI card issued by the Indian Government
- Bank statement of the residential country
- Copy of NRE bank statement in India
Steps
Process Involved
STEP – 1
Documents
STEP – 2
Preparation of documents
STEP – 3
Filing of TAN application
STEP – 4
Submission to Income Tax Department
STEP – 5
Payment of Tan Fees
STEP – 6
Tan Acknowledgement