TAN (TDS) Registration

Get Started – From Rs. 1,200 /-

TAN or Tax Deduction Account Number or Tax Collection Account Number is a unique ten digit alpha-numeric number issued by the Income-tax Department. It is mandatory for business entities and other type of entities to deduct tax at the source while paying rent, salary, etc., and pay the same to the Government. To track these payments, TDS Certificates and TDS Filings, the Government mandates TAN registration for all entities who are responsible for deducting tax at source (TDS) or who are required to collect tax at source (TCS). TDS ensures the responsibility for payment of tax is diversified and the Government receives tax sooner.

However, a person required to deduct tax under section 194-IA (from sale consideration of land/building)can use PAN in place of TAN as such person is not required to obtain TAN. Section 203A also makes it mandatory to quote TAN in following documents:

1. TDS returns
2. TCS returns
3. Annual Information Return
4. Challans for payment of TDS/TCS
5. TDS/TCS certificates
6. Other documents as may be prescribed

Section 272BB(1) provides for penalty for failure to obtain TANand section 272BB(1A) provides for penalty for quoting incorrect TAN. Failure to apply for TAN or comply with any of the other provisions of the section attracts a penalty of Rs. 10,000/-.

The Tax Deducted at Source on payments made by assessee is deposited under the TAN to enable the assessee who have received the payments to claim the tax deducted in their income tax return. AuditNeeds can help you obtain your TAN registration quickly and hassle-fee.

Process Time:

AuditNeeds can obtain TAN registration in 5 to 10 working days, subject to Government processing time.