TAN number refers to a ten digit alphanumeric number and it stands for Tax Deduction and Collection Account Number. Any assessee who is liable to deduct TDS is required to apply for TAN Number and shall quote this number in all TDS returns or any other TDS related information with the Income Tax Department.
TAN registration online can be done by obtaining the TAN application form and submitting all the necessary TAN registration documents.
Structure of the TAN number is first four characters are letters, next five are numerals & last character is a letter. First 3 alphabets of TAN represent the jurisdiction code, 4th alphabet is the initial of the name of the TAN holder who can be a company, firm, individual. TDS/TCS returns are not accepted unless TAN is not quoted and challans for TDS/TCS payments will not be accepted by banks. A penalty of Rs. 10000 is imposed in case of a failure to apply for TAN or not quoting the same in the specified documents.
No TAN registration documents are required to be submitted along with application for allotment of TAN. However, for online application, the signed acknowledgment along with some other documents which are generated after filling up the form is to be forwarded to NSDL.
TAN Registration can be done online by deductor at NSDL-TIN website (https://tin.tin.nsdl.com/tan/index.html)
TAN or tax deduction and collection account number is a unique ten digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax.
Every person liable to deduct tax at source or collect tax at source is required to obtain TAN.
As per section 203A of the Income-tax Act, 1961, every person who deducts or collects tax at source has to apply for the allotment of TAN.
An applicant will fill Form 49B online and submit the form. Deductor may either make an online application through TIN (Tax Information Network) or submit physical TAN application to any TIN-Facilitation Center (TIN-FC) of NSDL.
Form 49B is freely downloadable from NSDL-TIN website. It is also available at TIN-FCs. Legible photocopies of Form 49B or forms legibly printed exactly as per the format prescribed by ITD are also allowed to be used.
TAN is allotted by the Income-tax Department on the basis of the application submitted online at NSDL-TIN website or to TIN-FCs managed by NSDL. NSDL will intimate the TAN to the applicant at the address provided in the application.
Yes, the application can be made online
Yes, it is mandatory requirement for every employer who comes under this act to register their factory/establishment.