Tax Deduction and Collection Account Number (TAN) is a ten-digit alphanumeric number that is required to be obtained by individuals or entities responsible for deducting tax at source (TDS) or collecting tax at source (TCS). TAN is used for various purposes such as filing TDS/TCS returns, payment challans, issuing TDS/TCS certificates, and other related documents.

Here are the key points regarding TAN:

1. Importance of TAN: TAN is mandatory for anyone responsible for deducting or collecting tax at source. It helps in identifying and tracking TDS/TCS transactions.

2. Quoting TAN: It is compulsory to quote TAN in TDS/TCS returns, payment challans, TDS/TCS certificates, Annual Information Return (AIR), and other prescribed documents.

3. TAN Application: There are two modes for applying for TAN: offline and online. In the offline mode, the application can be made by submitting Form 49B to any TIN-FC (Tax Information Network – Facilitation Center) authorized by NSDL. In the online mode, you can apply for TAN through the NSDL-TIN website.

4. Documents Required: When applying for TAN, you need to submit certain documents such as proof of identity, proof of address, and proof of the existence of the entity, depending on the applicant type (individual, company, etc.).

5. TRACES Login: TRACES (TDS Reconciliation Analysis and Correction Enabling System) is an online portal for TDS-related activities. It allows taxpayers to access various services related to TDS. Registered TAN holders can log in to TRACES using their registered TAN and other login credentials.

If you have any questions or need assistance with obtaining a TAN or related matters, feel free to contact our compliance manager at 9178663478 or email us at simplemyfiling@gmail.com. We offer free consultations to help you navigate the process successfully.