TAN Registration
Your Guide to Obtaining a Tax Deduction and Collection Account Number (TAN)
What is TAN?
TAN (Tax Deduction and Collection Account Number) is a 10-digit alphanumeric number issued by the Income Tax Department. It is mandatory for all entities responsible for deducting or collecting tax at source (TDS/TCS). TAN ensures proper tracking and compliance with TDS/TCS obligations under the Income Tax Act, 1961.
Importance of TAN:
- Legal Requirement: Mandatory for businesses and entities deducting or collecting TDS/TCS.
- Facilitates TDS/TCS Compliance: Ensures accurate submission of taxes to the government.
- Penalty for Non-Compliance: Failure to obtain TAN can result in penalties of ₹10,000.
Advantages of TAN Registration
Legal Compliance
Ensures adherence to TDS/TCS regulations.
Avoid Penalties
Prevents penalties for non-compliance with TDS/TCS laws.
Efficient Tax Management
Enables seamless deduction and collection of taxes.
Documents Required for TAN Registration
- For Sole Proprietors: PAN, Aadhaar, and address proof of the proprietor.
- For Companies: PAN, certificate of incorporation, and company address proof.
- For Partnerships: PAN of the firm, partnership deed, and address proof.
- Business Proof: Utility bill, rent agreement, or ownership proof of the business premises.
- Identity Proof: Aadhaar or Voter ID of the authorized signatory.
Step-by-Step TAN Registration Process
Step 1: Fill Form 49B
Visit the NSDL TAN registration portal and fill out Form 49B with required details.
Step 2: Submit Application
Submit the form online and pay the registration fee.
Step 3: Verify Details
Ensure all entered details are accurate to avoid rejection.
Step 4: Receive TAN
Upon successful verification, receive your TAN via email or post.
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