TAN Registration Services
Streamline your tax deduction and collection processes with our expert TAN registration services. We ensure compliance with all regulatory requirements.
What is TAN?
Tax Deduction and Collection Account Number (TAN) is a 10-digit alphanumeric number issued by the Income Tax Department. It is mandatory for all persons who are required to deduct tax at source (TDS) or collect tax at source (TCS).
TAN is essential for filing TDS/TCS returns and for making TDS/TCS payments. It helps the Income Tax Department track all TDS/TCS transactions carried out by a deductor/collector.
As per Section 203A of the Income Tax Act, it is mandatory to quote TAN in all TDS/TCS returns, challans for payment of TDS/TCS, and all TDS/TCS certificates issued.
Who Needs TAN?
- Companies and corporations
- Partnership firms
- Individual business owners
- Financial institutions (banks, insurance, mutual funds)
- Professionals (CAs, doctors, lawyers with employees)
- Property owners with high rental income
- Government entities (departments, PSUs, local authorities)
TAN Registration Process
Document Collection
We collect all necessary documents from you, including identity and address proofs, business registration documents, and PAN details.
Application Preparation
Our experts prepare your TAN application (Form 49B) with accurate details to ensure there are no errors or discrepancies.
Application Submission
We submit the application to the Income Tax Department through the NSDL portal or physical submission at TIN Facilitation Centers.
Application Tracking
We track your application status and follow up with the authorities to ensure timely processing.
TAN Allotment
Once approved, the TAN is allotted and the certificate is issued. We deliver the TAN certificate to you and provide guidance on its usage.
Documents Required for TAN Registration
For Individuals
- PAN Card of the individual
- Identity proof (Aadhaar Card, Voter ID, Passport, Driving License)
- Address proof (Utility Bill, Bank Statement, Rent Agreement)
- Passport-sized photographs
- Business registration proof (if applicable)
For Companies/Firms
- PAN Card of the company/firm
- Certificate of Incorporation/Registration
- Memorandum and Articles of Association (for companies)
- Partnership Deed (for partnership firms)
- Proof of business address
- Identity proof of authorized signatory
- Board Resolution authorizing a person to act on behalf of the company
Benefits of TAN Registration
Legal Compliance
TAN registration ensures compliance with the Income Tax Act, helping you avoid penalties and legal issues related to TDS/TCS.
Avoid Penalties
Failure to obtain TAN can result in penalties of ₹10,000. Having a TAN helps you avoid these unnecessary financial burdens.
Simplified Tax Filing
TAN makes it easier to file TDS/TCS returns and maintain proper tax records, streamlining your tax compliance process.
Business Credibility
Having a TAN enhances your business credibility, showing that you operate in compliance with tax regulations.
Proper Documentation
TAN helps maintain proper documentation of all tax deductions and collections, making audits and assessments smoother.
Business Growth
Proper tax compliance through TAN registration facilitates smoother business operations and growth opportunities.
Why Choose Akshay Vora & Associates
Expert Team
Our team of experienced tax professionals and chartered accountants ensures accurate and compliant TAN registration.
Time-Efficient
We handle the entire process efficiently, saving you valuable time and ensuring quick TAN registration.
Error-Free Process
Our meticulous approach ensures error-free applications, reducing the risk of rejection or delays.
Ongoing Support
We provide continuous support for TDS/TCS filing and other compliance requirements even after TAN registration.
Cost-Effective
Our services are competitively priced, providing excellent value for your investment in tax compliance.
End-to-End Service
We provide complete assistance from document collection to TAN certificate delivery, making the process hassle-free.
Frequently Asked Questions
What is the difference between PAN and TAN?
PAN (Permanent Account Number) is used for income tax identification of individuals and entities, while TAN (Tax Deduction and Collection Account Number) is specifically for those who deduct or collect tax at source (TDS/TCS).
How long does it take to get a TAN?
Typically, it takes about 7-10 working days to receive a TAN after application submission. With our expert assistance, we ensure the process is completed as quickly as possible.
Can I apply for TAN online?
Yes, TAN applications can be submitted online through the NSDL e-Gov website. Our team can handle this online application process for you to ensure accuracy and efficiency.
What happens if I don't apply for TAN?
If you are required to deduct or collect tax at source but don't apply for TAN, you may face penalties of up to ₹10,000 under Section 272BB of the Income Tax Act. Additionally, you won't be able to file TDS/TCS returns or issue TDS certificates.
Can I have multiple TANs?
No, a person or entity should have only one TAN regardless of the number of branches or locations. Having multiple TANs is against the provisions of the Income Tax Act and may lead to complications.
How do I update information in my TAN?
To update information in your TAN, you need to submit Form 49B with the corrected details to the Income Tax Department. Our team can assist you with this process to ensure all changes are properly recorded.
Ready to Get Your TAN Registration?
Let our experts handle your TAN registration process efficiently and accurately. Contact us today to get started.