TAN | Meaning and Definition

What is TAN no.?

Tax Collection Account Number (TAN) is a 10-digit alphanumeric identification number issued by the Income Tax Department in India. TAN is required to be quoted on all TDS/TCS return forms. All persons in charge of calculating or collecting tax at the source should keep track of their TANs.

How can one know the TAN number?

If you’re looking to find out your TAN (Tax Deduction and Collection Account Number), there’s an easy way to do so online. Just visit www.incometaxindiaefiling.gov.in and follow the steps mentioned.

Who needs to apply for TAN?

People who must deduct tax from their income need to apply for a TAN. This includes individuals and businesses subject to income tax and value-added tax (VAT).

You can file your taxes easily and securely through our eFiling service when you have a TAN. You’ll also be able to download your Tax Certificate online, which will include all the information you need to file your return.

Documents required to apply for TAN

No other documents are needed to be filed with the application for allotment of TAN. However, the taxpayer should quote the TAN allotted to them in future correspondence with the Income Tax Department. Failure to apply for a TAN or any other portion of the section may result in a fine of Rs. 10,000. This component compels TAN to be reported in all TDS/TCS tax returns, payment challans, and certificates.