TAN REGISTRATION
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TAN Registration
TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS payment challan and TDS/TCS certificates.
Documents Required
for TAN Registration
PAN Card
Identity Proof
DL / Passport / Aadhar Card / Voter card
Advantages & Benefits
Reasons to Register a TAN
TDS Payments
Tax Deducted at Source must be paid into authorized bank, quoting the TAN and using Challan 281. TDS during the preceding month must be paid before the 7th day of the following month.
TAN Facilitation Center
MSMEGov is a authorized TAN facilitation center. Therefore, MSMEGov can help you obtain TAN hassle-free and quickly. Just send the TAN application along with the supporting documents and we will help you get your TAN quickly.
Proprietorship Require TAN
Salaried individuals are not required to deduct tax at source. However, individuals running a proprietorship are required to obtain TAN and deduct tax at source when required.
Selling the Business
It is easy to sell business for a company than any other business form. As business Corporation value will be based on the business, not the owner, therefore making it easy to sell the Company.
Better Governed
Companies are governed by The Companies Act, 2013 and have to follow various other regulatory procedures during the course of its governance, moreover they have to comply with the stringent disclosure norms so imposed by the authority, which let to better governed organizations and creation of value for owners.
Validity
Once a TAN is issued, it is valid for lifetime. However, TDS Filings must be made quarterly on the 15th day of July, October, January and May. Non-filing of TDS filings within the due date will attract a penalty.
Frequently Asked Questions (FAQs)
Why should I apply for TAN?
Any person who deducts/collects tax at source – that is, anyone who is an employer who pays salaries and facilitates TDS – needs to have a TAN (Tax deduction and collection Account Number). If you do not have a TAN, you cannot deduct taxes from salaries and commissions to another person. If you are a union or state government authority, a local authority, a company, a branch or subsidiary of a company, a statutory or autonomous association, a trust, a sole proprietor, a Hindu Undivided Family, or an association of persons, you have to get a TAN to make legal salary transactions.
Do I have to get a different TAN for TDS and another one for TCS?
No. Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) can be done through the same TAN. You do not need different TANs for different types of transactions.
Is it okay if I have the PAN but not the TAN?
No. You have to obtain a TAN number if you are responsible for TDS or TCS. PAN is a unique number for individuals who pay tax. You cannot enter the PAN where a TAN is necessitated
Who provides the TAN?
The Income Tax Department allots TAN based on the application submitted by companies or employers. The application has to be submitted through National Securities Depository Limited (NSDL)-Tax Information Network (TIN) website or facilitation centres.
How can I obtain TAN?
To get TAN, you can either apply online through the NSDL-TIN website, or visit a facilitation centre (FC) of TIN. You need to fill and submit Form 49B, which is available both online and at TIN-FCs. If you are not registered under the Companies Act, 2003, you need to fill and submit Form INC-7.
Do I have to pay anything to get a TAN?
Yes. You have to pay the TAN processing fees of Rs. 63 – Rs. 55 application charge plus 14% service tax – via NSDL.
Who must obtain a TAN?
Salaried Individuals are not required to deduct tax at source. However, individuals who run a proprietorship business are required to deduct tax at source. All other entities like LLP, Private Limited Company, Limited Company, Trust, Society, etc., are required to obtain TAN and deduct tax at source.
What are the documents required to obtain TAN?
To obtain TAN, an application must be made in Form 49B at any of the authorized TAN Facilitation Center.
At what rate should TAX be deducted at source?
Tax deduction at source happens at different rates based on the transaction. TDS rate for salary is determined based on the employees’ salary and tax payable by the employee. The tax rate varies depending on the type of transaction. A rate of 10% is applicable for deducting TDS on rent of land, building or furniture if rent fir entire year exceeds Rs.1,80,000. See a complete list of TDS rates.
What are the due dates of filing TDS Returns?
15th of every July, October, January, and May are the due dates for filing quarterly TDS return. Any delay in furnishing your return will result in a penalty of Rs 200 per day not exceeding the total amount of TDS for the quarter.
How much time does it take in issue of a new TAN?
TAN card gets delivered usually within 7-15 business days. The decision however solely depends upon the Issuing Authority of Govt of India. ClearTax shall provide you with the tracking details once application is submitted.
Is there any penalty if i don’t quote TAN?
It is mandatory for all assessees to quote TAN who are required to deduct TDS on payments made. The TAN number has to be quoted in all the communications with tax department failing which may attract a penalty of Rs. 10,000/-. The banks also don’t entertain TDS payments and TDS returns if the TAN number is not quoted.