TAN (Tax Deduction and Collection Account Number) is a unique 10-digit alphanumeric identifier required for entities responsible for deducting or collecting tax at source (TDS/TCS) under the Indian Income Tax Act, 1961. It ensures proper credit of taxes deducted or collected, facilitates compliance with TDS/TCS provisions, and is mandatory for filing TDS/TCS returns and issuing related certificates.
TAN Registration
TAN (Tax Deduction and Collection Account Number) is a unique 10-digit alphanumeric identifier required for entities responsible for deducting or collecting tax at source (TDS/TCS) under the Indian Income Tax Act, 1961. It ensures proper credit of taxes deducted or collected, facilitates compliance with TDS/TCS provisions, and is mandatory for filing TDS/TCS returns and issuing related certificates.
- Tax Deductors: Must be individuals or entities responsible for deducting or collecting tax at source.
- Compliance: Required for businesses or organizations making payments subject to tax deduction, such as salaries or contractor payments.
- Application: Submit an application with necessary documents and details of tax deduction activities.
These criteria ensure proper identification for tax deduction and compliance.
- Tax Deductors: Must be individuals or entities responsible for deducting or collecting tax at source.
- Tax Deduction/Collection: Enables entities to deduct tax at source on specified transactions or collect tax at source as per the law.
- Timely Processing: Ensures quicker verification and processing of TDS/TCS returns and refunds by the Income Tax Department.
- Tax Compliance: Facilitates compliance with TDS/TCS provisions, ensuring proper credit of taxes deducted to the government.
- Reporting: Mandates regular filing of TDS/TCS returns and issuing of TDS certificates to the payees.
- Tax Deduction/Collection: Enables entities to deduct tax at source on specified transactions or collect tax at source as per the law.
- Check Eligibility: Identify if your business or entity is required to deduct or collect TDS/TCS.
- Submit Application Form: Fill out Form 49B, the application for TAN allotment.
- Final Submission: Submit the completed form online through the NSDL (National Securities Depository Limited) website or physically at TIN (Tax Information Network) Facilitation Centers.
- Payment of Fees: Pay the applicable processing fee (a nominal fee charged for processing the application).
- Acknowledgment: After submission, an acknowledgment slip is generated which includes a 14-digit acknowledgment number.
- Processing: The application is processed, and if all details are correct, the TAN is allotted and sent to the applicant.
- Check Eligibility: Identify if your business or entity is required to deduct or collect TDS/TCS.
- Identify Proof/ Address Proof
- Date of Birth / Incorporation Proof
- In case of an individual: Proof of Date of Birth (DOB)
- In case of a Company: Copy of certificate of incorporation, Memorandum of association, Articles of association, or any other document regarding the type of entity.
- Passport-sized Photographs
- Consultation and Guidance: Advising on the necessity of TAN registration based on your business activities and transactions.
- Preparation of Documents: Assisting in the preparation and collection of required documents.
- Filing the Application: Helping with the accurate completion and submission of Form 49B for TAN allotment.
- Liaising with Authorities: Communicating with tax authorities to resolve queries, follow up on the application, and address any issues during the verification process.
- Obtaining TAN: Assisting in obtaining the TAN once the application is approved.
- Ongoing Support: Providing ongoing support for compliance with TDS/TCS laws, including guidance on filing returns and updating TAN details if necessary.
- Consultation and Guidance: Advising on the necessity of TAN registration based on your business activities and transactions.
Any entity responsible for deducting or collecting tax at source must obtain a TAN. This includes businesses, organizations, and NRIs involved in transactions that require submitting TDS proof to the Income Tax Department if the payable amount exceeds Rs 50,000 a month.
Once the application is submitted and all details are correct, the TAN is typically allotted and sent to the applicant within a few weeks.
No, operating a business that requires TDS/TCS without a TAN is illegal and can result in severe penalties. TAN is mandatory for compliance with TDS/TCS provisions under the Income Tax Act, 1961.
Legal Disclaimer
The information on this website is provided for general informational purposes only. It does not constitute legal or professional advice. We do not guarantee the accuracy, timeliness, or completeness of the information provided. You should always seek the advice of a professional consultant or attorney regarding your specific situation. Use of this website is at your own risk and subject to our Terms of Use.
SS Auditors understands the importance of client satisfaction and strives to provide high-quality auditing services. However, it is important to note the following refund policy:
Cancellation & Refund Policy
S S AUDITORS AND TAX CONSULTANTS believes in helping its customers as far as possible, and has therefore a liberal cancellation policy. Under this policy:
• Cancellations will be considered only if the request is made immediately after placing the order. However, the cancellation request may not be entertained if the orders have been communicated to the vendors/merchants and they have initiated the process of shipping them.
• S S AUDITORS AND TAX CONSULTANTS does not accept cancellation requests for perishable items like flowers, eatables etc. However, refund/replacement can be made if the customer establishes that the quality of product delivered is not good.
• In case of receipt of damaged or defective items please report the same to our Customer Service team. The request will, however, be entertained once the merchant has checked and determined the same at his own end. This should be reported within only same day days of receipt of the products. In case you feel that the product received is not as shown on the site or as per your expectations, you must bring it to the notice of our customer service within only same day days of receiving the product. The Customer Service Team after looking into your complaint will take an appropriate decision.
• In case of complaints regarding products that come with a warranty from manufacturers, please refer the issue to them. In case of any Refunds approved by the S S AUDITORS AND TAX CONSULTANTS, it’ll take 3-5 Days for the refund to be processed to the end customer.Legal Disclaimer
The explanations and information provided on this page are general and high-level guidelines on how to write your own Shipping Policy. This article should not be relied upon as legal advice or specific recommendations, as we cannot foresee the exact shipping policies you wish to establish between your business and your customers. We recommend seeking legal advice to assist you in understanding and creating your own Shipping Policy.
Shipping Policy - The Basics
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A Shipping Policy is good practice and benefits both sides—you and your customers. Customers benefit from being informed about what to expect from your service, while you benefit because clear Shipping Policies can attract more customers by eliminating uncertainties about shipping timeframes or processes.