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Meaning of TAN
Tax Collection Account Number is a 10-digit alphanumeric number issued by the Income-tax Department (herein after referred to as ‘TAN’). TAN is required to be obtained by all persons who are responsible for collection of tax at source (‘TCS’).
Given below is an illustrative TAN:
DELM12345L
First 3 alphabets of TAN represent the jurisdiction code, 4th alphabet is the initial of the name of the TAN holder. The next 5 digits of TAN are system generated numbers between 00001 to 99999 and last character, i.e., the tenth character is an alphabetic check digit.
Persons liable to apply for TAN
Every person who is liable to collect tax at source is required to obtain TAN.
Relevance of TAN
It is mandatory to quote TAN in following documents:
-
- (a) TCS statements i.e. return
- (b) Challans for payment of TCS
- (c) TCS certificates
- (d) Other documents as may be prescribed
Penalty
If a person fails to apply for TAN or failed to quote or quotes incorrect TAN in the above specified documents, a penalty of Rs. 10,000 shall be levied.
Procedure to obtain TAN
An application for allotment of TAN shall be made in duplicate in Form No. 49B at any TIN Facilitation Centers (TIN-FC). Addresses of TIN-FCs are available at NSDL-TIN website. Alternatively, one can apply for TAN online at the NSDL-TIN website.
Charges for obtaining a TAN
A fee of Rs. 65 (Rs. 55 application charge + 18% GST) should be paid as processing fee while submitting application for TAN.
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