TAN Registration
Assistance in obtaining TAN and compliance with provisions relating to Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) under the Income-tax Act, 1961.
We provide professional services relating to obtaining TAN and compliance with provisions relating to Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) under the Income-tax Act, 1961.
TAN Registration
Tax Deduction and Collection Number (TAN) is a mandatory 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) on behalf of the Government. Tax deducted at source (TDS) ensures facilitates collection of tax by the Government and the responsibility for paying tax is diversified. The person deducting the tax at source is required to deposit the tax deducted to the credit of Central Government – quoting the TAN number. Individuals who are salaried are not required to obtain TAN or deduct tax at source. However, a proprietorship business and other entities (i.e., Private Limited Company, LLP, etc.,) must deduct tax at source while making certain payment like salary, payments to contractor or sub-contractors, payment of rent etc. exceeding limit specified in the Income Tax Act. On deducting tax at source, the entity registered for TAN will issue a TDS Certificate as proof of collection of tax.
Applicability of TAN
• Persons responsible for deduction or collection of tax at source are required to obtain TAN
• TAN is required for payment of TDS/TCS and filing of returns
• TAN once allotted is valid permanently, subject to compliance requirements
Procedure for Obtaining TA
• Preparation of TAN application in prescribed form
• Submission of application to the Income Tax Department through authorised channels
• Verification of application and supporting documents
• Allotment of TAN by the Income Tax Department
Documents for TAN registration
• PAN of applicant
• Address proof of applicant
• Passport size photograph