TAN Quantity is a ten Digit Alphanumeric Quantity and is used as an abbreviation for Tax Deduction and Assortment Account Quantity. Each Assessee liable to deduct TDS is required to use for a TAN No. and shall quote this quantity in all TDS Returns, TDS Funds and some other communication concerning TDS with the Earnings Tax Division.
As per Part 203A of the Earnings Tax Act 1961, it’s obligatory for all asseesee’s liable to deduct TDS to cite this TAN Quantity in all communications concerning TDS with the Earnings Tax Division and failure to take action attracts a penalty of Rs. 10,000. TDS Returns and Funds wouldn’t be acquired by the Banks if TAN No. isn’t quoted.
Really helpful Learn: How you can deposit TDS Funds
How you can apply for TAN Quantity
TAN Quantity may be utilized for on-line in addition to offline. A Cost of Rs. 62 is required to be made for utility of TAN No. The Cost may be made by Demand Draft/Cheque/ Credit score Card/Debit Card/Internet Banking. For making a TAN Software on-line, an individual shall file his utility in Type No. 49B on the next web site of NSDL
On submission of particulars, an acknowledgement display screen would seem which might encompass a
- 14-Digit acknowledgement quantity
- Standing of Software
- Title of Applicant
- Contact Particulars (Deal with, E mail ID & Telephone No.)
- Cost Particulars
- House for Signature
This acknowledgement duly signed together with Cheque/Demand Draft (if cost isn’t made by Credit score Card/ Debit Card/ Internet-banking) shall be despatched to NSDL at Nationwide Securities Depositories Restricted, 3rd Flooring, Sapphire Chambers, Close to Baner Phone Change, Baner, Pune – 411045
Software for TAN can be utilized by procuring the Type from the TIN-FC Centres. On submission of the TAN Software, the applicant would obtain a 14 digit unqiue acknowledgement quantity from the TIN-FC. Type 49B for TAN Software can be downloaded on-line from the next hyperlink after which printed:-