TAN Registration
TAN (Tax Deduction and Collection Account Number) is a 10-digit alpha-numeric number assigned by the Income Tax Department of India to organizations and individuals who are responsible for deducting or collecting taxes. TAN registration is mandatory for those who are required to deduct or collect taxes on behalf of the government, such as employers, banks, and other organizations
To register for TAN, an individual or organization must submit an application form, called Form 49B, to the Income Tax Department The form can be obtained from the department's official website or from a TIN-Facilitation Center (TIN-FC) The form must be filled out and submitted along with the required documents, such as a PAN card and proof of business registration.
Once the application is processed and approved, the TAN number will be assigned to the applicant The TAN number must be quoted on all TDS/TCS-related documents, such as TDS returns,TDS certificates, andTDS payments.
The TAN registration can be done online on the NSDL-TIN website or through a tax professional. The process usually takes a few days to complete, and a TAN allotment letter will be sent to the applicant after it is done.
