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Complete guide to TAN card: application, importance, and FAQs for 2024

Key Points :- Learn everything you need to know about the Tax Deduction and Collection Account Number (TAN) in 2024. This comprehensive guide covers the importance of TAN, who needs to apply, the step-by-step application process (both online and offline), fees, and how to check your TAN application status.

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Complete guide to TAN card: application, importance, and FAQs for 2024

All About TAN Card

What is TAN?

The Tax Deduction and Collection Account Number (TAN) is a 10-digit alphanumeric code issued by the Income Tax Department under Section 203A of the Income Tax Act, 1961. It is mandatory for all individuals and entities responsible for deducting or collecting tax at source (TDS or TCS) to obtain a TAN. It must be quoted on all TDS/TCS returns and related documents to ensure compliance with tax regulations.

Why is TAN Required?

  • Mandatory for TDS/TCS: TAN is essential for all entities responsible for TDS or TCS. It must be quoted on TDS/TCS returns, certificates, and payment challans.
  • Compliance: Without a valid TAN, TDS/TCS returns will not be accepted by TIN facilitation centers, and banks will reject challans for TDS/TCS payments if TAN is not provided.
  • Penalty: Failure to apply for or quote TAN where required can result in a penalty of ₹10,000.

Who Needs to Apply for TAN?

  • Businesses and Organizations: Entities responsible for deducting or collecting tax at the source on behalf of the Income Tax Department.
  • Individuals: Those who are required to deduct or collect tax as part of their financial transactions.

Types of TAN Applications

  1. New TAN Application: For individuals or entities who do not already have a TAN.
  2. Correction in TAN Data: For updating or correcting information related to an existing TAN.

How to Apply for TAN

Online Application Process:

  1. Visit the Official Website: Go to NSDL's TAN Application Page.
  2. Select 'TAN': From the 'Services' dropdown menu.
  3. Apply Online: Click on 'Apply Online'.
  4. New TAN Application: Select 'New TAN'.
  5. Fill Form 49B: Complete Form 49B and click 'Submit'.
  6. Acknowledgment: An acknowledgment screen will display a 14-digit acknowledgment number, status, and other details.
  7. Print and Send: Save, print, and send the acknowledgment with other required documents to:
    mathematica
    Protean eGov Technologies Limited 5th Floor, Mantri Sterling, Plot No. 341, Survey No. 997/98, Model Colony, Near Deep Bungalow Chowk, Pune - 411016.

Offline Application Process:

  1. Obtain Form: Get Form 49B from any TIN facilitation center or download from NSDL's website.
  2. Submit Application: Visit the nearest TIN facilitation center to submit the completed form.

Fee for Processing TAN Application

  • Processing Fee: ₹65 (₹55 application charge + 18% GST).

How to Check TAN Application Status

  1. Visit the Website: Go to NSDL TAN Status Page.
  2. Select 'Know Status of Your TAN Application'.
  3. Enter Details: Input the acknowledgment number, captcha code, and click 'Submit'.
  4. Alternate: Call 020-27218080 or SMS 'NSDL TAN' to 57575 for status updates.

FAQs on TAN Card

  1. Who allots TAN?

    • The Income Tax Department.
  2. How will I be informed about my TAN?

    • Notification will be sent via the contact details provided in the application form.
  3. What documents are needed for the TAN application?

    • No documents are required to be submitted with the application.
  4. Is there a fee for obtaining a TAN?

    • Yes, the fee is ₹65.
  5. How should I address demand drafts or cheques for TAN payment?

    • Make them payable to "Protean eGov Technologies Limited-TIN".
  6. Do I need to apply for a new TAN if I change my address?

    • No new TAN is needed if relocating within the same city. If moving to a different city, you must surrender the existing TAN and apply for a new one.
  7. How can I prove I have a TAN if I lose my allotment number?

    • A printout from the Income Tax Department’s website showing TAN details can serve as proof.
  8. Can PAN be used in place of TAN?

    • No, PAN and TAN are distinct identifiers and cannot be interchanged.
  9. What should I do if I have a duplicate TAN?

    • Use the original TAN and surrender the duplicate.

This guide provides a comprehensive overview of TAN, its significance, application procedures, and answers to common questions to help you navigate the process smoothly.

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