TAN Registration

TAN registration is required for making tax deduction or tax collection at source, remittance of TDS payments and issuance of TDS certificates

e4e offers TAN Registration @Rs. 999/-

What is TAN?

TAN or Tax Deduction and Collection Number (TAN) is mandatory 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) on behalf of the Government. Tax deducted at source (TDS) ensures that the Government’s collection of tax is proponed and the responsibility for paying tax is diversified. The person deducting the tax at source is required to deposit the tax deducted to the credit of Central Government – quoting the TAN number. Individuals who are salaried are not required to obtain TAN or deduct tax at source. However, a proprietorship business and other entities (i.e., Private Limited Company, LLP, etc.,) must deduct tax at source while making certain payment like salary, payments to contractor or sub-contractors, payment of rent exceeding Rs.1,80,000 per year, etc. On deducting tax at source, the entity registered for TAN will issue a TDS Certificate as proof of collection of tax.

Frequently Asked Questions

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What is TAN or Tax Deductor Account Number?

PAN is a 10 character alpha-numeric code issued by the Income Tax Department for persons responsible for deducting or collecting tax at source

How TAN Registration is Obtained?

An Application is filed to the Income Tax Department in Form 49B along with supporting documents. Based on the status of the entity

Who is Required to Deduct Tax at Source?

An Individuals or an H.U.F. is not liable to deduct TDS on such payment except where the individual or H.U.F. is carrying on a business/profession where accounts are required to be audited u/s 44AB, in the immediately preceding financial year.

A person is liable to get its accounts audited u/s 44AB if during the relevant financial year its gross sales, turnover or gross receipts exceeds Rs. 1 Crore applicable form A.y 2013-14 (Rs.60 lacs for A.Y.2012-13) in case of a business, or Rs. 50 lacs from Assessment year 2017-18 (Rs. 25 lacs from A.Y. 2013-2014 to 2016-17) in case of a profession.

Conditions where TDS is not required to be deducted?

  • On declaration furnished by payee on Form 15G or 15H as the case may be
  • On certificate issued by ITO
  • Payment to Government/RBI/Statutory Corporation etc.
  • Exempt Incomes
  • Interest Payment by Offshore Banking Unites
  • Payment to New Pension System Trust
  • Notified payment to Notified Institutions/Associations