TAN | Meaning and Definition

What is TAN no.?

Tax Collection Account Number is a 10-digit alphanumeric identification number issued by the Income Tax Department in India. It 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(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 this number. 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 number allotted to them in future correspondence with the Income Tax Department. Failure to apply for this number or any other portion of the section may result in a fine of ₹10,000. This component compels TAN to be reported in all TDS/TCS tax returns, payment challans, and certificates.

FAQs (Frequently Asked Questions)

TAN is allocated to organization/ entity who are responsible for collecting taxed while PAN is assigned to the individuals who pay taxes.

Every entity who deducts tax at source or collect taxes are eligible for TAN number.

The primary purpose of the tax deduction and collection account number, commonly known as TAN, is related to deduction or collection of tax at source.

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