TAN Registration

TAN Registration is crucial for individuals engaged in Tax Deduction or Collection at source, facilitating TDS payments, and issuance of TDS certificates.

Tax Deduction and Collection Account Number (TAN) is a prerequisite for those involved in Tax Collection at Source (TCS) or responsible for Tax Deduction at Source (TDS). This 10-digit alphanumeric identifier, issued by the government through Form 49B, ensures seamless TCS and TDS operations on behalf of the government. Salaried employees need not register for TAN. Following TDS, a TDS certificate is issued as proof, and the TAN number must be quoted in all relevant TDS/TCS transactions.

Why Choose ETaxwala for TAN Registration?

As a leading online legal services platform, ETaxwala streamlines TAN Registration and offers an array of services such as GST registration, FSSAI Registration, Professional Tax registration, PF registration, MSME registration, ESI registration, IEC Code, Digital Signature, and Trade License.

Advantages of TAN Registration

For Proprietorship:

• 1. Statutory Guidelines Adherence: TAN Registration ensures businesses comply with statutory guidelines, especially for entities deducting tax at source.
• 2. Lifelong Validity: Once registered, TAN holds a perpetual validity, never expiring and remaining valid for a lifetime.

Documents Required For TAN Registration

No mandatory documents or identity proofs are required for TAN Registration during the application process.

TAN Registration Process Simplified

Step 1: TAN Registration Application Preparation - ETaxwala prepares your TAN application, ensuring all necessary documents are in order.

Step 2: TAN Registration Application Processing - Your TAN application is submitted for processing at a TAN facilitation center by ETaxwala.

Step 3: TAN Registration Allotment - ETaxwala receives your TAN number post-verification of your application and associated documents.

Step 4: Congratulations! Your Work is Done. - Your TAN Registration is successfully completed, marking the culmination of the process.

FAQs:

Q. Who Allocates TAN?


Ans: TAN is allocated by the Income Tax Department based on the TAN application submitted at TAN facilitation centers.

Q. What is the Necessity for TAN?


Ans: Section 203-A of the Income Tax Act, 1961 mandates TAN registration for any person collecting or deducting tax at source. It is compulsory to quote TAN in every TDS/TCS return, challan, or certificate.

Q. Are Different TAN Numbers Required for Various Deductions?


Ans: No, once allocated, a single TAN is used for all types of deductions, whether it's for rent, salary, interest, etc.

Q. Is It Possible to Apply for More Than One TAN?


Ans: No, it is illegal for an individual to possess more than one TAN. In case of inadvertent issuance of a duplicate TAN, the second one should be surrendered or canceled, and only the regularly used TAN for deductions should be retained.

Q. Are Documents Required Along with Form B?


Ans: For offline submission, no documents are required. However, for online submissions, a printout of the acknowledgment slip confirming submission details must be taken and sent to the NSDL office within 15 days.

Q. Can Different Branches Have Different TANs?


Ans: - Yes, different branches of companies and banks can have separate TANs. The TAN application should specify the location, name of the branch, and the designated person responsible for tax collection or deduction. Each branch requiring TDS provisions needs a separate TAN.

Q. What is the Time Period for Processing TAN Application?


Ans: Generally, a TAN is obtained within 7-10 days of submitting the application, subject to government processing time.