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TAN Full Form

TAN Full Form is Tax Deduction and Collection Account Number. Tax Deduction Account Number or collection Account Number may be a 10 -digit alpha-numeric number issued by the Income-tax Department. TAN obtain by all persons who are liable for deducting tax at source (TDS) or who required to gather tax at source (TCS).


TAN: tax write-off and Collection Account Number:

So TAN stands for a tax write-off and Collection Account Number. It issued by the tax department of India to those individuals and firms who required to deduct or pay tax on payments made by them; under the Tax Act, 1961. Under Section 203A of the tax department; it’s mandatory to supply the TAN altogether TDS returns and Challans while paying tax.

Also Read: IGST Full Form

So, TAN is that the account number which employe to pay the tax, without having a TAN you can?t pay the tax. On receiving the tax amount the tax department verifies the quantity and if the taxpayer deposited an additional tax by mistake then the additional tax going to credited back to his account. TAN Full Form is Tax Deduction and Collection Account Number.

Format of a TAN:

TAN may be a ten-digit alphanumeric number. the primary three letters of TAN represents a city, the fourth letter is that the initial of the taxpayer and therefore the next five numbers and the last letter make the TAN unique.

How to apply for TAN:
  • For TAN fill-up the shape no. 49B. Then attach all the specified documents like identity proof and address proof and submit it at the web site of NSDL or Tax information network facilitation centre.
  • On receiving the TAN form, the NSDL department verifies the small print and sends the appliance form to the tax department.
  • The Income-tax department approves the appliance and sends a singular number (TAN) to the NSDL department.
  • The NSDL department informs the applicant about the TAN.
Why TAN No is required?

As per Mandate from the tax department, every business entity must deduct TDS (Tax Deduction at Sources); while making payment surely business transactions, like payment to Contractors/Sub-Contractor; or Professional for his or her services. After such deduction, such payment must be deposit in Govt. A/c through online banking or through challan to deposited in specified Banks and; then, a return also must file during this regards. Simply TAN no maybe a requirement before anyone can proceed for a tax deduction or payment. TAN Full Form is Tax Deduction and Collection Account Number.

Who can Apply for TAN?

If one is paying a salary or a commission to a different, the entity must have a TAN. This will include:

  • Individuals
  • Hindu Undivided Family
  • Company
  • Central or government or an area authority
  • Sole proprietor
  • Firms
  • Associations of persons
  • Trusts
Documents Required for TAN Application:

There is no got to attach any document with the appliance for allotment of TAN. But, when the appliance did through the web mode, the acknowledgement, which generated after filling up the shape; will need to forwarded to NSDL.

The acknowledgement duly signed; alongside demand draft (if any) shall send to NSDL at the below address:

NSDL e-Governance Infrastructure Limited,
5th floor, Mantri Sterling,
Plot No. 341, Survey No. 997/8,
Model Colony,
Near Deep Bungalow Chowk,
Pune – 411016

Use of TAN Number:

Tax deductors get uniquely identified by their ten-digit TAN. A number of the uses of TAN are:

  • It quoted in TDS/TCS returns, payment challans and certificates that issue.
  • So it used for deductions, like salary, interest, dividend, etc.
  • It records the address of the one that deducts the tax on behalf of the IT department. Additionally; it captures the PIN that recorded with the department.
Correction of TAN:

To make any request for changes or corrections; a private has got to refill and submit Application for Changes or Correction in TAN data for TAN allotted. For corrections or changes in TAN data, an applicant has got to fill altogether mandatory fields of the shape and; choose the corresponding box on the left margin of the acceptable field where correction is important. Request for TAN change often made for ‘change of category of the applicant’ only the category; wrongly listed within the tax Department’s TAN database.

The documents to submit alongside the appliance include proof of TAN and; necessary documentary proof that supports the request for correction or change in TAN. Should the applicant look to vary the address thereto of a special city; and therefore the new address comes under a special RCC (Regional Computer Centre of IT Department); the applicant has got to make an application for a replacement TAN in Form 49B.

Why should I apply for TAN?

TAN is to obtained by individuals liable for deducting tax at source (TDS) or collecting tax at source (TCS). The principles concerning an equivalent often found under Section 203A of the tax Act, 1961. TAN has got to quoted in TDS/TCS returns; payment challans and certificates to issue. So it used for deductions like salary, interest, dividend, etc.

Is TAN number mandatory?

TAN required to obtained by individuals who are liable for deducting tax at source (TDS) or collecting tax at source (TCS). So one can find the principles concerning an equivalent under Section 203A of the tax Act, 1961. However, a private who has got to deduct tax under Section 194-IA of the tax Act isn’t required to get TAN; so rather he or she will use PAN instead.

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