TAN Registration

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Tax Deduction Account Number (TAN) is for deducting income tax at source. It is a 10-digit alphanumeric code allotted by the income tax department and can be applied online at NSDL portal along with the requisite fee. It is mandatory to mention the number in all TDS related documents. It is to be compulsorily obtained by all who are responsible for deducting or collecting tax at source on behalf of Income Tax Department.

Facts about TAN

Penalty Clause

Failure to apply for TAN or not quoting the same in the specified documents will attract penalty.

Mandatory Requirement

The Income-tax Act, 1961 makes it mandatory to quote TAN in all TDS/TCS/Annual Information Returns, Payment Challans and, Certificates that are to be issued. Moreover, neither TDS/TCS returns nor payment of tax through challans would not be received by banks unless TAN is quoted.

PAN & TAN

While Permanent Account Number (PAN) is a unique 10-digit alphanumeric code issued to all taxpayers/assesses, Tax Deduction Account Number (TAN) is a unique 10-digit alphanumeric code is issued to those who deduct tax at source and pay to Government.
 
 
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