TAN Registration
Mandatory for businesses deducting tax at source (TDS).
Meaning
TAN (Tax Deduction and Collection Account Number) is a 10-digit alphanumeric code issued by the Income Tax Department. It is mandatory for entities that deduct or collect tax at source.
Purpose
To enable proper tracking of TDS and TCS by deductors and collectors, and ensure timely tax compliance.
Advantages
- Legally comply with TDS provisions
- Avoid penalties and interest
- Essential for salary and contractor payments
Procedure
- Fill Form 49B online or offline
- Attach business proof and ID of responsible person
- Submit to NSDL/UTIITSL or apply via authorized agent
- Receive TAN via post/email in 7–10 days
Checklist
- PAN of business/entity
- Authorized signatory's PAN & Aadhaar
- Proof of address of entity
Deliverables
- TAN Allotment Letter
- Compliance advisory on TDS payments