Every firm or individual requires a TAN (Tax Deduction and Collection Account Number) to deduct TDS tax deducted at source or TCS tax collected at source. TAN can be acquired by filing out the application form 49B.
Just like a PAN, a TAN is also a 10-digit alphanumeric number assigned to the deductor or the collector by the Income Tax Department of India. TAN is an important document that serves as input for the deduction of TCS/TDS.
In this blog, we will understand how to apply for TAN, what documents are required, and more.
A taxpayer can apply for TAN through Form 49B. It can also be filed online or in person by visiting the Income Tax Department of India.
However, here is the procedure to download and apply TAN for NRIs and Indian residents by filing Form 49A.
Step 1: Go to the official website of TAN Information Network (TIN)
Step 2: Click on the "online application for TAN (Form 49B). Then this will direct you to another page.
Step 3: Review the guidelines and then select the category of deductor from the drop-down menu. For instance, if you are applying to TAN for a company, then in the drop-down menu, select the company.
Step 4: Now, you must see the Form 49B. Enter all the required details as per the instructions given on the page.
Step 5: Once you have filled in all the required information, click on submit. Ensure to review all the details twice to eliminate errors, if any.
Step 6: You will now get an acknowledgement confirming the submission of your Form 49B to the Income Tax Department. The acknowledgment number will be 14 digits.
Step 7: Now, download the acknowledgment form and then sign it.
Step 8: Now with the signed acknowledgment, please send all documents of the address given below of NSDL's office.
Address: Protean eGov Technologies Limited, 4th floor, Sapphire Chambers, Baner Road, Baner Rune- 411045
To Apply offline, the Process that Needs to be Followed is Mentioned Below
Step 1: Download the Form 49B from the NSDL portal.
Step 2: Fill in all the relevant details.
Step 3: Tick the declaration stating that the information on the form provided is correct.
Step 4: Now, you have to sign the documents and specify the place and date.
Step 5: Now, get the documents attested by a magistrate or a Gazetted officer.
Step 6: Now, you have to review all the details and submit the form along with the documents to the nearest NSDL office.
The processing fee for the TAN application is Rs. 77 (Rs. 65 is the application charge and 18% GST) plus the costs, which are non-refundable if your application is rejected.
If an individual or an entity needs to see their TAN detail, they can find them in the e-filing portal by following the steps mentioned below.
Step 1: Visit the official income tax e-filing portal, then select "Know PAN details" from the quick links section.
Step 2: Next, under the name tab, select the category of the deductor, and then enter the state, Mobile number, and name of the deductor.
Step 3: Click the continue button, and then you will get an OTP for validation on the mobile number that has been mentioned above. Enter the OTP and validate the process.
Step 4: Now you will see a list of records that all match the name of the deductor. Click on the name of the deductor.
Step 5: Upon clicking, you will be able to see the deductor's basic details and the assessing officer's details.
The TAN (Tax Deduction and Collection Account Number) is a 10-digit alphanumeric code issued by the Income Tax Department of India. The structure of TAN is as follows:
TAN is a crucial and non-negotiable document for every orison or Country who is responsible for deducting tax at source or is obliged to collect tax at source. However, the process to apply for PAN is relatively the same for NRIs and Indian residents, but there are slight variations in the document proof.
Savetaxs, as a leading firm, has been serving NRIs for decades for taxation purposes and more. Our experts bring over 30 years of experience to the table in Indian and foreign law, and with our unmatched professional expertise, Savetaxs clientele base speaks volumes for itself. If you also need help with your TAN application process, connect with us. Our experts will assist you throughout the entire application process, ensuring you receive your PAN. We are right there, assisting you in it all.
Note: This guide is for informational purposes only. The views expressed in this guide are personal and do not constitute the views of Savetaxs. Savetaxs or the author will not be responsible for any direct or indirect loss incurred by the reader for taking any decision based on the information or the contents. It is advisable to consult with either a Chartered Accountant (CA) or a professional Company Secretary (CS) from the Savetaxs team, as they are familiar with the current regulations and help you make accurate decisions and maintain accuracy throughout the whole process.
Want to read more? Explore Blogs
No matter what your source of income is, we've got you covered. There’s a plan for everybody!