Tax Deduction and collection account number (TAN) is 10-digit alphanumeric number. It is required to deduct the tax while making payment or salary. Every assesse who is liable to deduct the TDS is required to apply for TAN and shall be quoted where ever it is necessary in annual information returns and other documents. Penalty for not quoting Tan number is Rs. 10,000.
Once TAN is issued is valid for lifetime it requires no renewal.
Who can apply for TAN?
In case if you are paying salary or commission to anyone else than Tan becomes mandatory for you. This also includes Local, state and central Authorities. It can be applied by Individual Proprietorship, Companies, association of persons and trust or any Hindu undivided family.
Use of TAN Number (Tax Deduction and Collection Account Number).
Offline application for allotment of Tan
In case applicant wishes to file tan for offline application through offline mode then he has to fill form-49/B, and submit it to nearest TIN facilitation center.
In case if Applicant is any company then form INC-7 has to be filled, this has been specified into companies act 2013, section 7, Sub-section (1).
Online application for allotment of Tan
In case if applicant is company or individual then and they wishes to apply through online mode. Then they can visit to Tan facilitation center
Procedure for TAN Application
- Our executive will get in touch with you and will fill your Tan Application.
- Documents preparation.
- Fillings form with concern department.
- Tan will send you by concerned department at your Address.