TAN Number is a 10 Digit Alphanumeric Number abbreviation used for Tax Deduction and Collection Account Number. Every Assessee liable to deduct TDS is required to apply for TAN and shall quote this number in all TDS Returns,TDS payments and any other communications regarding TDS with Income Tax Department.
hose entities have TAN Registration must then file TDS returns. TDS returns are due quarterly. Legal Firm India can help you to e-file your TDS returns online.
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