TAN Registration
✅ Services Covered:
- 📄 Online Documents Collection: Using vault.
- 📋 Verification & Submission of Documents: With TAN authority.
- 📜 Delivery of TAN Certificate: Within 7 business days.
🎯 Who Should Buy:
- 🏢 Every individual or entity that requires to deduct tax at source while making certain payments like salary, payments to contractor, or payment of rent exceeding Rs.1,80,000 per year, etc.
- 🏢 Non-profit organizations making specific payments above threshold limits.
📝 How it’s Done:
- 💳 Purchase the Plan: Choose our comprehensive package.
- 📤 Upload Documents: Upload required documents on vault.
- 🧾 Expert Fills the Form: Our expert fills out the form.
- ✍️ Sign the Filed Form: Sign the form and forward it.
- 📜 Obtain TAN Certificate: Receive your TAN certificate.
📄 Documents to be Submitted:
- ✅ Legal document
- ✅ Passport size photo
- ✅ Address proof of registered office
- ✅ PAN of the company
- ✅ TAN Application Form
❓ FAQs:
❓ What is the use of a TAN card?
In India, a Tax Deduction and Collection Account Number (TAN) is a 10-digit alphanumeric number issued to persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961. The number is used in all TDS/TCS returns, TDS/TCS payment challans, and all TDS/TCS certificates.
❓ How much time does it take to issue a new TAN?
TAN card gets delivered usually within 7-15 business days. The decision, however, solely depends upon the Issuing Authority of Govt of India. ProKhata shall provide you with the tracking details once the application is submitted.
❓ Is there any penalty if I don’t quote TAN?
It is mandatory for all assessees to quote TAN who are required to deduct TDS on payments made. The TAN number has to be quoted in all communications with the tax department, failing which may attract a penalty of Rs. 10,000. Banks also don’t entertain TDS payments and TDS returns if the TAN number is not quoted.
❓ Do I need a separate TAN for the purpose of Tax Collection at Source (TCS)?
No. The TAN allotted for Tax Deduction at Source (TDS) can be used for the purpose of TCS. However, if no TAN has been allotted, you must apply for TAN registration.
❓ What is the validity of TAN?
A TAN is issued with lifetime validity and doesn’t need to be renewed. However, if there are changes in the details submitted during the application for TAN registration, the same must be communicated to the Tax Department.