WHAT IS TAN?
It is a 10-digit Alpha-Numeric Number. The persons who are liable to deduct or to collect tax are required to obtain TAN.
WHY TAN IS REQUIRED?
As per Section 203A of Income Tax Act 1961, it is mandatory to mention TAN in every Tax Deduction at Source Return (TDS) and Tax Collected at Source Return (TCS).
HOW TO APPLY FOR TAN?
The TAN can be applied by filling Form 49B with TIN-Facilitation Centre of NSDL.
WHAT DOCUMENTS ARE REQUIRED FOR TAN APPLICATION?
Following documents shall be submitted along with form with prescribed fees-
- PAN of the Applicant,
- Contact Details,
- Proof of Business
- For individual- Telephone bill/Electricity Bill
- For Company- Certificate of Incorporation
- For Partnership Firm/LLP- Partnership Deed
CAN CORRECTION BE MADE IN TAN?
The correction can be made in TAN by submitting required documents along with form.
WHAT IS THE VALIDITY OF TAN?
The TAN is valid till the lifetime of the HOLDER