TAN Registration
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TAN Registration – Simplify Your Tax Compliance with Mytaxwala.in
Every individual or business entity responsible for deducting or collecting tax at source is required to obtain a Tax Deduction and Collection Account Number (TAN). At mytaxwala.in, we make the TAN registration process quick, smooth, and completely hassle free for you.
What is TAN?
TAN, or Tax Deduction and Collection Account Number, is a 10 digit alphanumeric code issued by the Income Tax Department of India. It is mandatory for all entities that deduct or collect tax at source (TDS/TCS) on payments such as salaries, contractor fees, rent, professional charges, etc.
TAN is used while filing TDS returns, TCS returns, challans, and certificates. Failure to quote TAN in the required documents may lead to heavy penalties.
Why is TAN Registration Important?
● Mandatory Compliance: Every deductor/collector must obtain TAN before deducting
TDS/TCS, as per the Income Tax Act.
● Avoid Penalties: Failure to obtain TAN or quote it correctly can lead to penalties of up to
₹10,000.
● Filing Returns: TAN is required for filing quarterly TDS/TCS returns.
● Issuing TDS Certificates: TDS certificates like Form 16 and Form 16A cannot be issued
without a valid TAN.
● Transparency in Tax Deduction: It helps the Income Tax Department track TDS/TCS
deposits and deductions by an entity.
Who Needs to Apply for TAN?
TAN is required by:
● Companies
● Partnership Firms
● Proprietors
● Government and Non-Government Organizations
● Trusts and Societies
● Individuals deducting TDS for rent, professional fees, or salary (if applicable)
When is TAN Required?
TAN is required in cases such as:
● Payment of salaries beyond the exemption limit
● Rent payments exceeding ₹2,40,000 annually
● Contractor or professional payments exceeding the TDS threshold
● Commission, brokerage, or royalty payments
● Any payment that falls under TDS or TCS provisions
Documents Required for TAN Registration
To apply for TAN, the following details/documents are required:
● PAN of the applicant
● Address proof of the business or individual
● Identity proof (Aadhaar Card, Passport, or Voter ID)
● Nature of payment requiring TDS deduction
● Valid email ID and mobile number
● Certificate of incorporation (for companies)
● Partnership deed (for firms)
● Trust deed (for trusts)
TAN Registration Process with Mytaxwala.in
At mytaxwala.in, we ensure a seamless registration process. Here’s how it works:
Step 1: Consultation
Our expert team will connect with you to understand your requirements and collect
necessary information.
Step 2: Document Collection
We gather all required documents and verify the details to avoid any errors in the
application.
Step 3: Filing Form 49B
Our experts will file Form 49B, the official application form for TAN registration,
with the NSDL.
Step 4: Submission and Payment
We submit the form online, along with the government fee, and generate the
acknowledgment receipt.
Step 5: TAN Allotment
Once the application is processed, the Income Tax Department issues the TAN
within 7 to 10 working days.
TAN Registration Fees
● Government Fees: ₹65 (inclusive of GST)
● mytaxwala.in Service Charges: As per your business requirement and assistance level.
Note: Fees may vary based on the nature of your business and application urgency.
Consequences of Not Having a TAN
● Penalty of ₹10,000 under Section 272BB
● Inability to file TDS/TCS returns
● Inability to issue TDS certificates to deductees
● Risk of non-compliance notices from the Income Tax Department
Why Choose Mytaxwala.in for TAN Registration?
● Expert Consultation: Guidance on whether you need TAN and the best way to apply.
● End-to-End Support: From documentation to final approval, we handle everything.
● Quick Processing: Get your TAN in as little as 7 working days.
● Compliance Assurance: Stay legally compliant and avoid unnecessary penalties.
● Affordable Pricing: Transparent fees with no hidden charges.
Let Mytaxwala.in Help You Get Your TAN Today
TAN is the foundation of TDS compliance. Don’t risk penalties or errors get your TAN registered with mytaxwala.in and experience professional, quick, and reliable service.