TAN registration



Welcome to ComplyLocal, the trusted partner for your hassle-free registration of Tax Deduction and Collection Account Number (TAN). Opt for easy and simple tax compliance with our tailored, user-friendly platform to suit the needs of both individuals and businesses. ComplyLocal can assist you in applying for your TAN online, which helps you to get tax deductions or collection compliance most professionally and efficiently.

Goodbye to complex paperwork & long processes; we will be your Single Point of Contact for TAN Registration and ease up the rest so you can concentrate on growing. You will be able to get ahead in your tax liabilities with our state-of-the-art platform. Sign up free with ComplyLocal and simplify compliance for your business today!

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Requirements To Register

Business Details:

In order to be registered for TAN, you will have to provide some required information regarding the business, namely, Name of Business, Address PAN Nature of business. These details help you in the correct linking of your TAN to the business entity (name) for tax related transactions. So, avoiding accurate information about business operations can result in non-compliance with tax regulations.

Authorized Signatory Details:

Authorized Signatory Responsible For Deductions And Collections: The details of the authorized signatory responsible for deductions and collections currently provided earlier must be furnished here. He/she will manage all tax returns filed under the TAN. This information is necessary because the actions regarding taxes will only be possible if we know exactly who this person should then be filled in.

Identity and Address Proof:

Upload the authorized signatory identity proof and address proofs with business entity documents. These papers are important in confirming the genuineness of your application and for compliance with regulatory obligations. If you want to get verification, provide proof that it is up-to-date and legal/official.

PAN Card:

The Permanent Account Number (PAN) card of the business entity is a must for TAN registration. The PAN is like an ID that allows the tax department to link all your business transactions directly to its taxation system for automatic accounting of every other taxed sale or purchase. For submission of the TAN Application, a valid PAN is required as it will serve as evidence that you comply with the tax laws objecting to the registration of your business.

Benefits of TAN Registration

Legal Compliance:

It keeps your business legally compliant with tax laws and eliminates any chance of facing legal implications. Getting a TAN protects your business from potential legal actions and enables you to stay within the law.

TDS is an abbreviation of Tax Deduction at Source:

It simplifies tax levies and makes sure that the taxes are deducted, collected, or paid to the government on time without delay in the assessment of interest/penalty.

Tax Collection at Source (TCS):

Using a TAN, you can deduct taxes at source with respect to certain transactions as required by the Income Tax Act. This makes it easy to handle the tax consequences in real time and comply with norms with regard to duty collection. Over the years TCS has played an important role in revenue mobilization of government as well as ensuring transparency on financial transactions.

Avoid Penalties:

Trusted or Authorized Number (TAN) TAN ensures that your business runs smoothly with the tax authorities, you would want to avoid falling into any legal troubles because of Non-compliance.

Streamlined Processes:

It helps to create a single window for tax deduction and collection in numbers, thus making it easier to manage centrally. A TAN also helps structure your books so that you file correct and timely taxes, eventually increasing the operational efficiency of your business.

Faqs

What is TAN?

TAN means Tax Deduction and Collection Account Number. TAN is a 10-digit alphanumeric number to be obtained and used for TDS/ TCS provisions similar to PAN. This number is important to ensure that all tax deductions and collections are recorded accurately and reported properly to the taxation authorities.

Who needs to apply for TAN?

If you are responsible for deducting or collecting tax at source, then including company, payment of salaries, and other forms, every person who is responsible must have a TAN number. That includes businesses, individuals, and government agencies involved in financial activity where the tax deduction or collection at source is compulsory.

How to apply for TAN?

Persons responsible for deducting tax can either apply online on the NSDL or UTIITSL portal by filling out Form 49B, or they can make an offline application at any TIN facilitation center. Both ways are the means of applying a single TAN and not multiple, but an online method provides much more easy channels than other applications.

Do All Businesses Need TAN?

TAN is a must for all individuals and entities liable to deduct or collect tax at source as per the Income Tax Act 1961. The need to make sure companies are complying with tax laws, not breaking the law.

What happens if someone does not have a TAN?

If you do not get a TAN or even if 1 gives an incorrect TAN number, this may lead to penalties under the Income Tax Act and also result in legal ways Generally. Failure to comply may result in penalties, sanctions on financial operations, and further lawsuits against your business.

How long does it take to get a TAN after applying?

After applying along with the necessary documents, TAN will be allotted to the applicant by the Income Tax Department within 15-20 working days. Processing time will depend on the accuracy of the information submitted and the type of verification.