In India, a Tax Deduction and Collection Account Number (TAN) is a 10 digit alpha numeric number issued to individuals who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act. It is mandatory to quote Tax Deduction Account Number (TAN) allotted by the Income Tax Department (ITD) on all TDS returns.
TAN is required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961
TAN is required for Tax Deduction Source and Tax Collection Source challans
Without TAN, it is simply impossible to file Tax Deduction Source returns
A Deductor is a specified person who is eligible to deduct tax on particular types of payments being made by them as per the provisions of the Income Tax Act, 1961.
Yes. In such a case, the name and location of branch or the designation of the person responsible for deducting/collecting tax, whichever is applicable, should be clearly given in the application for allotment of TAN.
No. TAN once allotted can be used for all type of deductions. It can also be used in case tax is being collected at source.
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