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TAN is a 10 digit alphanumeric number. The full form of TAN is Tax Deduction or Collection Account Number. According to Section 203A, it is necessary to quote this number when you become liable to either deduct or collect tax (i.e. liable to deduct TDS or collect TCS), make payment through challan, or file TDS returns.
About TAN
Tan is a 10 digit alphanumeric number. The structure of TAN is given by WXYZ 12345A. WXYZ - The first 4 characters are alphabets. 12345 - The next 5 characters are digits. A - 1 the last character is an alphabet
If you fail to provide the TAN No: in documents, it can result in a penalty of Rs. 10,000. According to Section 203A of the Income Tax Act 1961, it is essential to provide the TAN in the following documents.
The TIN-NSDL and TIN facilitation centers allocate the TAN to businesses, firms, and individuals on behalf of the income tax department. There are two types of TAN applications - application for allotment and application for change or correction.
1. How To Apply For Allotment Of New TAN
2. How To Apply For Change Or Correction In TAN Data For Allotted TAN?
TAN does not come in the same physical form as the PAN. Only an allotment letter is allotted as a proof for TAN, so we cannot keep it ready all the time. The digits are complicated, so the computer memory cannot remember it also. Therefore, there is a simple process to check your TAN number online. Follow these simple steps to know the TAN number online.
Step 1: Visit the income tax e-filing portal - www.incometaxindiaefiling.gov.in
Step 2: Click on Know Tan Details under Quick Links on the left hand side. You will be redirected to the following screen.
Step 3: Select the Name under the TAN Search option
Step 4: Choose the category of deductor
Step 5: Type the name of the deductor
Step 6: Select the State
Step 7: Enter the registered mobile number.
Step 8: Click on ‘Continue’
Step 9: Enter the one-time password (OTP) you recieve on the registered mobile number in the corresponding screen.
Step 10: Next, click on ‘Validate’
Step 11: The details are displayed on the corresponding screen.
It is not essential for a new user to register on the income tax e-filing website for knowing the TAN details. However, he can register for other benefits. The steps for registration are as follows:
As such documents are not needed for the TAN allotment application. But, if the online mode is chosen, the confirmation that comes up on the correct submission of the TAN allotment application has to be downloaded, duly signed, and delivered to NSDL by post.
You can track the status of your PAN application through the following ways:
You can know your TAN Jurisdiction building name through the following steps:
You can pay the TAN application or correction fee in the following ways:
1. What are the penalties in the income tax act for not mentioning the TAN and for specifying the incorrect TAN?
There are penalties in the income tax act for not mentioning the TAN or mentioning the incorrect TAN. A penalty of Rs.10,000 will be levied if one does not mention the TAN or specifies the incorrect TAN No: in the TDS return.
2. What is a duplicate TAN?
If you already hold a valid TAN and get an additional one, the extra one is called the duplicate TAN. Having more than one TAN except for different branches or divisions of an organization is illegal.
3. How Can I know my TAN No: from my PAN No:?
Log on to the website of www.incometaxindiaefiling.gov.in. Post that, click on the ‘services’ tab on the left side of the home page. Post that, go to an option called ‘Know Your PAN’. Post this, log in by using your User ID and password. Then click on the TAN option.
4. Can I download the TAN certificate?
Deductors whose TAN is invalid can apply for one by submitting a duly signed Form 49B to any of the TIN-FCs managed by NSDL.
5. How can I get a TAN number in India?
You can apply for a TAN number online in India at the NSDL-TIN website. You can then fill and submit the form online. As soon as you click on the ‘submit’ button, a 14 digit acknowledgement number is generated on the screen
6. When can I get my TAN cancelled?
You can get your TAN cancelled
7. State the difference between TAN, TIN, and PAN?
A TIN is used to acknowledge a business person or identity registered under VAT. It is issued by the commercial tax department of each state government. The TAN is issued to the person/entity who deducts tax at the source. It is issued to all taxpayers - individuals, companies, firms, and foreign citizens.
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