Description
Tax Deduction and Collection Account Number (TAN) is a mandatory 10-character alphanumeric number issued by the Income
Tax Department of India. It is required for individuals or businesses that are responsible for deducting or collecting tax at source under TDS or TCS regulations.
Why TAN is Important:
- Mandatory for TDS/TCS Filings: Without a valid TAN, you cannot file TDS returns or deposit TDS/TCS amounts with the government.
- Identifies the Deductor: TAN helps in identifying the entity/person who has deducted or collected tax at source.
- Avoids Penalty: Not quoting TAN in TDS/TCS returns can result in a penalty of ₹10,000 under section 272BB of the Income Tax Act.
Who Needs TAN?
- Companies deducting TDS on salaries, payments, commissions, rent, etc.
- Individuals running businesses with employee salary deductions.
- Entities collecting TCS on specific goods.
Documents Required for TAN Registration:
- Proof of identity (PAN card, Aadhaar card, etc.)
- Proof of address (Aadhaar card, bank statement, etc.)
- Proof of business (if applicable)
Next Step:
Instructions:
To avail the benefits of the TAN, ensure all necessary documents are ready and valid. After placing your order, kindly send the above-mentioned documents via WhatsApp to 8127089619 for verification and further processing.
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