TAN Card Application
Apply for your TAN through EOB for a hassle free and quick service.
Fee: Rs. 399 (All Incl).
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What is a Tax Account Number?
Tax Account Number is commonly referred as Tax Deduction Account Number or Tax Collection Account Number, or simply TAN. It is obtained person or entity responsible for deduction or collection of Tax. This process is popularly known as TDS. Specified criteria to collect and deduct tax at source are already prescribed by the Government. Also, it is compulsory to quote TAN of the assessee in TDS/ TCS statements and challan for payment of TDS/ TCS.
Once applied for, the applicant is allotted a 10 Digit Alpha Numeric Code which is unique. This number has to be mentioned at every TDS transaction.
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Requirements of Tax Account Number (TAN)
The government has specified certain transactions including salary where the assessee needs to collect or deduct the tax from the source itself. While entering into such transactions, Tax Account Number is mandatory to be mentioned.
Every person deducting TDS at source must issue a certificate to the effect that the tax has been deducted with other required particulars. The certificate of TDS must quote the TAN of the deductors. Also, while filing TDS returns online, providing TAN is mandatory.
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Documents needed for TAN Card Application
FREQUENTLY ASKED QUESTIONS
Within how much time is the Tax Account Number (TAN) is allotted by NSDL?
It usually takes 1 to 2 weeks to get the TAN allotment confirmation from NSDL. The physical copy may take longer to be received. However, the status and the progress can be tracked online.
Can a PAN be used instead of TAN?
There is a reason why there are two different numbers for PAN & TAN. They serve two different purposes and cannot be clubbed together. So any entity deducting TDS has to obtain a TAN. Its mandatory.
How and when should the TDS be deposited?
All TDS or Tax Deducted at Source has to be deposited through Banks quoting the TAN of the entity. The challan to be used is #281. The TDS has to be deposited in the bank before the 7th of every calendar month.
What are the due dates to file TDS Returns?
TDS Return should be filed quarterly before specific dates of each quarter. The returns filed for each quarter will carry transaction details of the preceding 3 months prior to filing date.
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