TAN


TAN stands for Tax Deduction and Collection Account Number. TAN is a 10 digit alphanumeric number ,used as a acronyms for tax deduction and collection account number. Every assessee liable to deduct tds is required to apply for TAN No and shall quote this no in all tds return.
As per section 203A of income tax act 1961, every assessee who is liable to deduct tds shall quote this TAN No in every communication made with the income tax department regarding the tds return otherwise penalty of Rs 10000 will be charged in case of failure.

ELIGIBILITY

  • Tan no is allotted to Company and its branches ,Individuals, Hindu Undivided Family (HUF),Partnership firm, Limited Liability Partnership(LLP) who is liable to deduct TDS.

HOW TO ENROLL FOR TAN NO.

  • It is issued by income tax department ,however you can apply through NSDL Website with FORM 49B.

STRUCTURE (XXXX 12345 A)

  • The first three characters represent the city or state where the TAN was issued.
  • The fourth character represents first character of name of the deductor.
  • The next 5 characters are numeric.
  • And Last character is a letter.

For Individual/*For Partnership Firm, *For Indian Company/LLP / *For Partnership Firm/Indian Company/LLP With One year TDS return


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