Description

TAN Application

₹ 150/- (inclusive all)

  • Collection of required documents for TAN application
  • Preparation and verification of TAN Application
  • Application with concerned authority
  • Sharing acknowledgement receipt

Documents Requirements

  • Applicants Information

Name, contact details and signature of the applicant

  • Address Proof

Copy of Aadhar Card or other address proof

  • Agreement

Agreement in case of LLP and Partnership Firm

  • Certificate of Incorporation

Certificate of Incorporation in case of company and LLP

Procedure

Day 1 – Collection

  • Collection of required documents for TAN application

Day 2 – Submission

  • Preparation and verification of TAN Application
  • Application with concerned authority
  • Sharing acknowledgement receipt

Day 3 onwards

  • Government Processing time

Knowledge Portal

What is Tax Account Number (TAN) ?

Tax Account Number is commonly referred as Tax Deduction Account Number or Tax Collection Account Number, or simply TAN. TAN registration leads to a generation of 10 digits alpha-numeric code that is issued by the Income Tax Department of India. As the name suggests, it is obtained by the person responsible for deduction or collection of tax at source (TDS or TCS). Businesses while deducting the salaries of employees must obtain and mention the number. Specified criteria to collect and deduct tax at source are already prescribed by the Government. Also, it is compulsory to quote TAN of the assessee in TDS/ TCS statements and challan for payment of TDS/ TCS.

Advantages of Having TAN  Number

1.Mandatory for deduction & collection of tax

The government has specified certain transactions including salary where the assessee needs to collect or deduct the tax from the source itself. While entering into such transactions, Tax Account Number is mandatory to be mentioned.

2.TDS Certificate and Filing

Every person deducting TDS at source must issue a certificate to the effect that the tax has been deducted with other required particulars. The certificate of TDS must quote the TAN of the deductors. Also, while filing TDS returns online, providing TAN is mandatory.

Frequently Asked Questions

1.Within how much time is the Tax Account Number (TAN) is allotted by NSDL?

Once applied generally, it takes 7-10 working days for TAN allotment by NSDL. However, receipt of a physical TAN letter may take time depending upon the processing time by the department. Once the application for TAN number is made, it is always possible to know your TAN status.

2.Can a PAN be used instead of TAN?

No, a PAN cannot be used instead of TAN. PAN and TAN serve two different purposes. Therefore, it is mandatory for those deducting tax at source to obtain a TAN.

3.How and when should the TDS be deposited?

Tax Deducted at Source (TDS) must be deposited through banks using Challan 281, quoting the TAN number of the entity. The deadline for payment of TDS is the 7th day of every month.

4.What are the due dates to file TDS Returns?

TDS Return should be filed quarterly on the 31st day of July, October, January and May. The TDS return filed on these months will correspond to the transaction of the preceding three months.