TAN Registration
TAN Registration
TAN registration refers to the process of obtaining a Tax Deduction and Collection
Account Number (TAN) from the Income Tax Department. TAN is a unique 10-digit
alphanumeric code issued to entities that are required to deduct or collect tax at
source.
Here are some key points regarding TAN registration:
Purpose of TAN: TAN is primarily used for quoting and remitting taxes
deducted at source (TDS) to the government. Entities such as companies,
firms, individuals, government departments, or any person liable to deduct
TDS need to obtain a TAN.
Applicability: TAN is required for entities that make specified payments,
including salaries, interest, rent, professional fees, etc., and are liable to
deduct tax at source as per the Income Tax Act, 1961.