TAN Application
TAN is designed to provide an identity to a person who is required to deduct/collect tax
at source by the Income-tax Act. Our experts at ICI can help you to get your TAN
through our easy to follow virtual processes
Our Incorporation Packages Start From ₹6,999/- All-Inclusive
Table Of Contents
What is TAN?
Tax Deduction and Collection Account Number- a 10-digit alphanumeric number issued by the Income Tax Department of India to the person who is required to deduct TDS/TCS while making payment such as salary, commission, rent, contractual expenses, professional fees, etc.
Who can apply for TAN?
Any person who makes payments such as salary, rent, commission, contractual expenses, etc. and is liable to deduct TDS/TCS as per provisions of Income Tax Act, 1961, shall apply for TAN. This may include Individuals, HUF, Limited liability partnership, Partnership firms, Company, Associates of firms, Local authority or Trust.
Note: The provision for obtaining TAN does not apply to the person who is required to deduct TDS as per section 194-IA (i.e. sale proceeds received by the individual in respect of building or land.
Purpose of TAN
- As per provision of Income Tax Act, 1961, persons responsible for deducting or collecting tax at source must apply for a TAN number and must quote TAN on all the following documents:
- Challans for depositing TDS/TCS to Government
- TDS/TCS Certificates
- TDS & TCS returns
- Statement of financial transactions/reportable accounts
- Other documents as may be suggested
Documents required
-
Application made offline:
No additional documents are required to submit along with the application -
Application made online:
After filing the online application under Form 49B, the applicant only requires to send the signed acknowledgement to NSDL
How can we help you?
- The application for TAN can also be made online for which our team will complete the procedure for you:
- Submit a service request by clicking here
- Our expert team will contact you with a simple checklist.
- Fill and submit the checklist.
- Our team experts will verify, and an application for TAN will be filed with the authority.
- TAN allotted
- Throughout the process, our dedicated manager will keep you updated on the progress of the application.
FAQs
a. Is a separate TAN required for TCS?
No, a TAN allotted to person serves the requirement of both, i.e. TDS and TCS. Hence a separate TAN for TCS is not required by a person.
b. Who allots TAN?
The Income Tax Department of India is solely responsible for allotting TAN to companies or employers based on the application submitted to Tax Information Network or at TIN Facilitation Centres. These Centres are managed by National Securities Depository Limited (NSDL).
c. Is it to wrong to have PAN but not TAN?
The purpose of PAN and TAN are entirely different, and hence they cannot be
used interchangeably. Further, a PAN holder is not required to obtain TAN till the time he is liable to deduct TDS/TCS (other than under section 194-IA), however, a person needs to obtain a PAN if he wants to apply for TAN.
d. If my company has several branches/divisions, do I require to obtain separate TANs for all of them?
Yes. You will be required to apply for TANs for all branches/divisions if the person/authority responsible for collecting TDS/TCS is different. Details such as the name of the division/branch, location, designation of the accountable person deducting TDS/TCS, etc. should be disclosed in the forms when applying for TAN.
e. Can a taxpayer hold more than one TAN?
It is illegal to possess or use more than one TAN. Different branches/ divisions of an entity may, however, have separate TAN. However, different branches/divisions of a business entity may have their separate TAN.
In case, more than one TAN has been allotted, TAN that has been used regularly shall be used, and other TAN(s) shall immediately be surrendered for cancellation.
f. Is it necessary to have a different TAN if a deductor deducts tax from different types of payments like salary, interest, dividend etc?
No, a TAN allotted can be used for any deductions/collections of tax.
g. Still have doubts?
Speak to our experts who shall solve all your doubts.
Call us at +91 7738 066 334 or Mail us at info@indiacompanyincorporation.com