What is TAN?
The full form of TAN is Tax Deduction or Collection Account Number. As per section 203A, this 10 digit alphanumeric number is required to be quoted when you become liable to either Deduct or Collect tax (i.e. liable to deduct TDS or collect TCS), make payment through challan or file TDS returns.
What is the TAN number format?
TAN is a 10 digit alphanumeric number. Structure of TAN is as follows: ABC D 12345 X. So first 4 characters are alphabets followed by 5 digits and then 1 alphabet in the end. First 3 alphabets of TAN no. represent the city where TAN has been allotted, 4th character of the TAN no. represent the initial letter of the name of a person. All 5 digits and the last alphabet are automated characters generated by the system.
What is the significance of obtaining a TAN number?
As per the tax laws of our country a person deducting TDS is required to deposit it into the treasury within specified period along with a return specifying the details as required by the government. Therefore, TAN acts as a unique identification number in all correspondence with the department. This also enables the government to credit the tax receipt and give credit to the deductee (person whose TDS was deducted). This credit is reflected in the 26AS i.e. the tax credit statement.
How to know your TAN Number online?
TAN does not come in the same physical form as a PAN . Consequently, only an allotment letter is allotted as a proof of TAN. So, it is not always feasible for an individual to keep it in handy and we also don’t have computer memory to remember such complicated digits.
Therefore, you can find a TAN number anytime from anywhere given you have a secure internet connection.
Follow these simple steps to check your TAN number online.
- Visit the Income Tax eFiling portal. Here on the left-hand side, under Quick Links, click on the option “Know Your TAN | AO”.
- After clicking, You will be redirected to the screen as shown below. Here enter required details like:
- TAN Search: Select either TAN/ Name
- Category of Deductor: Select the category from the drop-down menu.
- State: Select the state from the drop-down
- TAN/ Name: Enter the Name / TAN depending upon the option you have chosen above. (If you search Name by selecting TAN based then enter TAN and if you select Name-based search then enter the name.)
- Mobile No. - Enter the Mobile Number.
After filling the details, you have to click on the “Continue“ button.
- As soon as you click on “Continue“ button above, an OTP will be sent to your mobile number. Enter that OTP in the box and click on the “Validate” button.
- Once you validate the OTP, TAN details will be shown in the same manner as in the screen given below.
Now you have a basic idea about TAN but besides it, there are many other things in this context. So, to address the most basic layman concerns, we have compiled a well-drafted FAQs (Frequently Asked Questions).
What are the penalties for not quoting TAN on TDS returns?
There are penalties in income tax act for both non-mentioning the TAN or mentioning incorrect TAN. Penalty of Rs. 10,000 is imposable in case one does not mention TAN or mention incorrect TAN no. in TDS return.
What is duplicate TAN?
When a person who already holds a valid TAN obtaines an additional one it is known as duplicate TAN. Having more than one TAN except for different branches or division of an organisation is illegal.
Conclusion
Tax Deduction and Collection Account Number is required to be possessed mandatorily by all the tax deductors. Follow the process explained above and know your TAN in the easiest and the fastest way.
For assistance, click here. Our CA’s will be happy to assist you.
Frequently Asked Questions
Q- Where do I have to quote the TAN Number?
TAN is mandatorily required to be quoted on the following documents:
- Tax Deducted at Source (TDS) Return or Statements
- Tax Collected at Source (TCS) Return or Statements
- Statement of Financial Transactions or Reportable Accounts
- Challans for payments of TDS/TCS
- TDS/TCS certificates
- Any other prescribed documents like Form 16/16A, etc.
Q- What is the difference between PAN and TDS?
Every Individual who enters into specified financial transactions has to mandatorily possess a Permanent Account Number (PAN). However, Tax Deduction and Collection Number (TAN) is to be possessed by all those who are liable to deduct TDS/ collect TCS.
Q- How to apply for TAN?
You can apply for TAN either via Online Mode or via Offline Mode. Both are discussed as follows:
- Offline Mode
TAN application has to be filed via Form 49B (duplicate) and submitted at any TIN-FC (TIN Facilitation Centres). You can get addresses of TIN-FCs from https://www.tin-nsdl.com/tin-pan-center.html - Online Mode
An online application can be filed via the TIN-NSDL website
Q- Which authority will allot TAN?
The Income Tax Department is the authority which allots TAN. Once it is allotted, all future documents related to TDS/ TCS will have TAN on it.
Q- How can I know my tan allotment date?
Applicants can know his TAN allotment date from a TAN allotment letter which has been received from income tax department or from an enquiry from customer care of income tax department.
Q- How can I know my tan number by PAN number?
No, An applicant can not know the TAN details either by providing the name or TAN. Visit www.incometaxindiaefiling.gov.in. Click on 'Know Your TAN / AO'
Q- Where can I find TAN number of a company?
Applicants can find TAN from the income tax department Website as visit www.incometaxindiaefiling.gov.in. Click on 'Know Your TAN / AO'
Q- What is the Fees for TAN Application?
The processing fee for both the applications (new TAN and change request) is 65 (including Goods and Service Tax).
Q- How to TRACK the status of TAN application?
The applicants may track the status of their TAN application using a 14 digit unique Acknowledgement Number after three days of application using the status track facility online [ https://tin.tin.nsdl.com/pantan/StatusTrack.html] . Alternatively, an applicant may call TIN Call Centre on 020 – 2721 8080 to enquire about the status of the application. The status of the TAN application can also be tracked by sending an SMS - NSDLTAN to 57575.
Q- How can I find TAN of the employer?
You can find the TAN number of your employer mentioned on Form 16, 16A or Form 26AS.
Q- What is the TAN full form in english?
The full form of TAN is Tax Deduction or Collection Account Number. It is required by specified persons who wants to deduct of collect tax as per the provisions of the income tax act in India.
Q- What is the TIN full form?
TIN is known as Tax Identification Number, it was issued to taxpayers registered under VAT. TIN is a 15 digit number.
Q- What is the TAN full form in Hindi?
????? ??????? ??? ??????? ?????? ???? (TAN) ?? ????? ?? ????? ????? ???? ?????? ??? ???? ??|
Q- Which is the TAN application form?
An application of obtaining TAN can be made online or offline in Form 49B.
Q- Can I quote TAN no instead of PAN?
No, PAN cannot be used in place of TAN instead in case of TDS deducted under section 194IA or section 194IB or section 194M?.
Q- Is separate TAN required for TDS and TCS?
No, a single TAN can be used both for TDS and TCS.
Q- I have forgotten my TAN, how can I get it now?
The income tax department’s official website gives you an option to “know your TAN” incase you have lost or forgotten it.
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