TAN FAQs
- What is TAN?
- Who is required to obtain TAN?
- Why is TAN necessary?
- How can TAN be obtained?
What is TAN?
TAN (Tax Deduction and Collection Account Number) is a 10-character alphanumeric number issued by the Income Tax Department to persons responsible for deducting or collecting tax at source (TDS/TCS).
Who is required to obtain TAN?
Any person required to deduct or collect tax at source under the provisions of the Income-tax Act, 1961, must obtain a TAN, unless specifically exempted under the Act.
Why is TAN necessary?
TAN must be quoted in TDS/TCS returns, tax payment challans, TDS/TCS certificates, and other prescribed communications with the Income Tax Department. Failure to obtain or quote TAN where required may attract penalties under the Income-tax Act.
How can TAN be obtained?
An application for TAN can be made online or through the prescribed application process with the authorized service provider designated by the Income Tax Department.