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TAN Application

TAN Application

6500

What is TAN?

TAN stands for Tax Deduction and collection Account Number. TAN is a 10 digit alphanumeric number issued by the Income Tax Department, to those who are required to deduct or collect tax on payments made by them as per the provisions contained in Income Tax Act, 1961.

Procedure to obtain TAN

  • Fill Form 49B.
  • Submit Form 49B along with required documents.
  • TAN is allotted by the Income Tax Department after due verification and process of application by TIN facilitation centre.

FAQs

What are the documents required to obtain TAN?

Proof of Identity and Proof of address of applicant should accompany the application form.

Is a separate TAN required to be obtained for the purpose of Tax Collection at Source (TCS)?

No. TAN which was allotted for Tax Deduction at Source (TDS) can be used for the purpose of TCS. However, if no TAN has been allotted, a duly filled in Form 49B, alongwith the application fees should be submitted at any TIN Facilitation centres.

Is it mandatory to have TAN?

All persons who are required to deduct or collect tax at source should apply for the allotment of TAN. TAN should also be quoted in all TDS/TCS/Annual Information Returns, payment challans and certificates to be issued.

Is there any penalty for failure to obtain TAN?

Failure to apply for TAN or not quoting the same in the specified documents attracts a penalty of Rs. 10,000. Also, TDS/TCS returns will not be accepted by TIN-Faciliation Centres (TIN-FCs) and challans for TDS/TCS payments will not be accepted by banks if TAN is not quoted.

What is the charge for issuing TAN?

The fee for processing TAN application is Rs. 63 which can be paid at TAN facilitation centers in case of manual submission or payment can be made online or sent through DD or Cheque in case of electronically applying for TAN.

What is the procedure to apply for TAN online?

Application for TAN can be made online through NSDL-TIN website. After filling the TAN application online, an acknowledgement is generated which is to be signed and sent to NSDL after payment of prescribed fee.

Can single TAN be used for making deductions with respect to different types of payments (Salary, Rent, Interest etc)?

Yes. TAN once allotted can be used for all type of deductions/collections.

Can branches of companies/banks have separate TANs?

Yes. 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.

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