May 7, 2019

TAN Registration

Tax Deduction and Collection Account Number Registeration

Features of TAN Registration

  • TAN is a 10 character alpha-numeric code issued by the Tax Department for persons responsible for deducting or collecting tax at source.
  • Once a TAN is issued, it is valid for lifetime.
  • TDS Payments-TAN must be quoted when depositing TDS in the authorized bank.
  • Individuals running a proprietorship are required to obtain TAN and deduct tax at source when required

 

APPLICATION FOR CORRECTION IN TAN
TAN, application must be made for allotment of TAN in Form 49B along with the required supporting documents. Based on the application, the TAN will be allotted to the entity and the entity must quote the TAN in all TDS/TCS returns, TDS/TCS payment challans and all TDS/TCS Certificates.

VALIDITY
Once a TAN is issued, it is valid for lifetime. However, TCS Filings must be made quarterly on the 15th day of July, October, January and May.TDS Filings must be made quarterly on the 30th day of July, October, January and May. Non-filing of TDS filings within the due date will attract a penalty.

TDS PAYMENTS
Tax Deducted at Source must be paid into authorized bank, quoting the TAN and using Challan 281. TDS during the preceding month must be paid before the 7th day of the following month.

 

APPLICATION PROCEDURE

  • The applicant may either edit or confirm the same..
  • An applicant will fill Form 49B online and submit the form..
  • If there are any errors, rectify them and re-submit the form..
  • A confirmation screen with all the data filled by the applicant will be displayed..