Characteristics of TAN Number
The Basic Characteristics of TAN Number are –
- TAN is a 10 character alpha-numeric code issued by the Tax Department.
- Once a TAN is issued, it is valid for lifetime.
- TDS Payments-TAN must be quoted when depositing TDS in the authorized bank.
- Salaried Individuals are not required to deduct tax at source. However, individuals who run a proprietorship business are required to deduct tax at source.
How can TAN helps you?
- Helps to deduct TDS or Collect TCS
- Required for filing TDS returns
Services Offered by Us
Following are the services provided by us at the time of registration.
- Application Preparation
- Application Filing
- Acknowledgement
- Obtain TAN Number
Procedure for Registration
Fill Enquiry
Form
Associate will call
and discuss in length.
Make
Payment
Complete Documentation
& Requirements
Registration
Complete
Why Palankarta?
Palankarta gives an end-to-end service for TAN registration
Experienced Financial
Professionals
Deliver Service
on Time
Cost
Effective
Assured Customer
Satisfaction
No Hidden
Fees / Charges.
Frequently Asked Questions
FAQ
General Questions
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. Section 203A also makes it mandatory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS payment challan, TDS/TCS certificates and other documents as may be prescribed. As per section 272BB, failure to apply for TAN or not quoting the TAN in the specified documents attracts a penalty of Rs. 10,000/-.
No. TAN once allotted can be used for all type of deductions. It can also be used in case tax is being collected at source.
In case a TAN has already been allotted for the purpose of tax deduction at source (TDS), then no separate application needs to be made for obtaining separate TAN for the purpose of tax collection at source (TCS). The same number can be quoted in all returns, challans and certificates for TCS. However, if no TAN has been allotted, a duly filled in Form 49B, along with the application fees is to be submitted at any TIN-FC.
Yes
Yes. In such a case, the name and location of branch or the designation of the person responsible for deducting/collecting tax, whichever is applicable, should be clearly given in the application for allotment of TAN