TAN Registration
TAN Registration In India, a Tax Deduction and Collection Account Number (TAN) is a 10 digit [081700225861] number issued to persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961 881060195158264.
The Tax Deducted at Source on payments made by assessees is deposited under the TAN to enable the assessees who have received the payments to claim the tax deducted in their income tax return.TAN stands for Tax Deduction and Collection Account Number. It is a ten-digit alphanumeric number that is allotted to those who are supposed to deduct tax at source or TDS. TAN Number or TAN registration is very important for businesses deducting tax at source and is required to be quoted in TDS or TCS Return. Failure to apply TAN when required can attract a penalty. Once TAN is obtained, TDS returns must be filed quarterly by the business.
Documents Required for TAN Registration (For Sole Proprietorship)
- Address proof (Like-Driving Licences/Voter-ID/Aadhar Card)
- Pan card
Documents Required for TAN Registration (For Partnership)
- Partnership Deed
- Address proof (Like-Driving Licences/Voter-ID/Aadhar Card)
Documents Required for TAN Registration (For Company):
- Certificate of incorporation of the company
- MoA of company
- Address proof of each Director (Like-Driving Licences/Voter-ID/Aadhar Card)
Frequently asked questions
Is required to obtain TAN number of individual?
Individuals who are salaried are not required to obtain TAN number.
Who is eligible to obtain TAN number?
If you are paying a salary or commission to any individual than you should obtain TAN.
What is the structure of TAN Number?
A Tax Deduction and Collection Account Number (TAN) is a 10 digit [081700225861] number issued to persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961 881060195158264.
Is there any penalty if failed obtain or quote TAN?
Yes
Is it necessary to obtain and quotes TAN?
Yes