TAN is a 10 digit alpha numeric number issued by Income Tax Department to PAN holders who are required to deduct or collect tax at source as per Income Tax provisions.
As per Income Tax Provisions it is mandatory to deduct tax while making certain payments like Rent, Professional Fees, Contractors payment etc by certain class of assesses. It is also mandatory to collect tax at source on certain transactions. For making such collection and deductions, it is important to have TAN from the IT department.
TAN helps to make payment of deducted or collected Tax to government. It also helps to file periodical TDS/TCS returns of such payments and issue TDS/TCS certificates.
Our Expert will help you collect all the requisite information & documents
Our Expert will prepare requisite form and get your signature.
The application form with documents will be submitted to TINFC.
Concerned Authorities will verify the documents and issue TAN for you Business.
Every TAN Holder need to pay tax deducted/collected on monthly basis.
Every TAN Holder has to submit quarterly TDS/TCS returns in relation to Salary separately and for all other payments separately.
Every TAN Holder submitting quarterly TDS returns need to issue TDS certificates within 15 days to the person whose tax is deducted.
TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in all TDS/TCS returns (including e-TDS/TCS return), TDS/TCS payment challans and TDS/TCS certificates.
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