TAN Registration

TAN Number is a 10 Digit Alphanumeric Number abbreviation used for Tax Deduction and Collection Account Number.

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    TAN Registration

    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.

    Failure to do so may attract a heavy penalty of up to Rs.10,000. TDS Returns and Payments will not be received by the Banks if TAN is not quoted. LegalRaasta can help you obtain your TAN registration online quickly.

    Procedure For TAN Registration

    STEP 01

    Complete our Simple Form

    You are required to fill details in our simple questionnaire.

    STEP 02

    Submit Document via Mail

    Submit the necessary documents to us via email.

    STEP 03

    Submission of Document

    We will draft the application and file it on your behalf.

    STEP 04

    Your work is Completed, Congratulations.

    Your TAN card will be sent through courier.

    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

    What’s included in package?

    Frequently Asked Questions

    1. Who must obtain a TAN?

    Salaried Individuals are not required to deduct tax at source. However, individuals who run a proprietorship business are required to deduct tax at source. All other entities like LLP, Private Limited Company, Limited Company, Trust, Society, etc., are required to obtain TAN and deduct tax at source.

    2. What are the documents required to obtain TAN?

    To obtain TAN, an application must be made in Form 49B at any of the authorized TAN Facilitation Center.

    3. At what rate should TAX be deducted at source?

    Tax deduction at source happens at different rates based on the transaction. TDS rate for salary is determined based on the employees’ salary and tax payable by the employee. The tax rate varies depending on the type of transaction. A rate of 10% is applicable for deducting TDS on rent of land, building or furniture if rent fir entire year exceeds Rs.1,80,000. See a complete list of TDS rates.
    (Source: https://www.incometaxindia.gov.in/charts%20%20tables/tds%20rates.htm):

    4. What are the due dates of filing TDS Returns?

    15th of every July, October, January, and May are the due dates for filing quarterly TDS return. Any delay in furnishing your return will result in a penalty of Rs 200 per day not exceeding the total amount of TDS for the quarter.

    5. When should Service Tax payments be deposited?

    Service tax payments must be deposited by Companies, Societies, Trust, etc., monthly. Proprietary Firms and Partnership Firms are required to make Service Tax payments quarterly.

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