PAN/TAN Registration Business

TAN stands for Tax Deduction and Collection Account Number. It is a 10-digit alphanumeric number assigned to individuals who are required to deduct or collect tax on payments made to them under the TDS/TCS regulations. By citing the TAN number, TDS amount, and the company registered for TAN, the person deducting TDS is obligated to deposit the tax deducted to the credit of the Central Government. Form 49B is used to submit TAN applications, and quarterly TDS returns are required. TDS certificates are issued by the deducting entity to the individual or entity from whom tax has been deducted.

Types of TDS Returns

Services

Process One

Our Team would interact with client

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Process Two

RequiredDocuments to be provided by client

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Process Three

Our Team would prepare the form on basis of documents

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Process Four

If Application is in order, TAN allotment is done

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Process Five

Acknowledgment to be submitted along with hard copy

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Process Six

Expert would check the application and file online

Features

  • The Income Tax Department issues a TAN number, which is a 10-digit alphanumeric number.
  • The TAN number is valid for life and does not need to be renewed.
  • At the time of TDS payment and TDS returns, a TAN number is required.
  • A penalty of $10,000 will be imposed if you do not apply for a TAN or if you do not apply for the same.
  • TDS returns must be filed quarterly, and TDS certificates must be issued within 15 days of the due date.
  • TDS is deducted in different slabs and limits depending on the sections of the Income Tax Act.

Documents Required for PAN/TAN Registration

  • Applicant’s proof of identity
  • Applicant’s proof of address
  • Form 49B – TAN registration application
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