Friday, 16 January 2015

What is TAN number and how to apply for TAN number?

What is TAN number

TAN Number is a 10 Digit Alphanumeric Number and is used as an abbreviation for Tax Deduction and Collection Account Number.  Every Assessee liable to deduct TDS is required to apply for a TAN No. and shall quote this number in all TDS Returns, TDS Payments and any other communication regarding TDS with the  Income tax department.

As per Section 203A of the Income Tax Act 1961, it is mandatory for all asseesee’s liable to
deduct TDS to quote this TAN Number in all communications regarding TDS with the Income Tax Department and failure to do so attracts a  penalty of Rs. 10,000. TDS Returns and Payments would not be received by the Banks if TAN No. is not quoted.

How to apply for TAN number

 (a)  An applicant will fill Form 49B online and submit the form.
(b)  If there are any errors, rectify them and re-submit the form.
(c)  A confirmation screen with all the data filled by the applicant will be displayed.
(d)  The applicant may either edit or confirm the same.

(a)  On confirmation, an acknowledgment screen will be displayed. The acknowledgment consists of:
      *  A unique 14-digit acknowledgment number
      *  Status of applicant
      *  Name of applicant
      *  Contact details (address, e-mail and telephone number)
      *  Payment details
      *  Space for signature
(b)  Applicant shall save and print this acknowledgment.
(c)  Signature / Left thumb impression should only be within the box provided in the acknowledgment. In case of applicants other than 'Individuals', the authorised signatory shall sign the acknowledgment and affix the appropriate seal or stamp.
(d)  Left hand Thumb impression, if used, should be attested by a Magistrate or a Notary Public or Gazetted Officer, under official seal and stamp.

(a)  The fee for processing TAN application is 62.00 ( 55.00 application charge + 12.36% Service Tax).
(b)  Payment can be made by
      -  demand draft or
      -  cheque or
      -  credit card / debit card or
      -  net banking
(c)  Demand draft / cheque shall be in favor of 'NSDL - TIN'.
(d)  Name of the applicant and the acknowledgment number should be mentioned on the reverse of the demand draft / cheque.
(e)  Demand draft shall be payable at Mumbai.
(f)  Applicants making payment by cheque shall deposit a local cheque (drawn on any bank) with any HDFC Bank branch across the country (except Dahej). The applicant shall mention TANNSDL on the deposit slip. List of HDFC Bank Branches.
(g)  Credit Card / Debit Card / Net Banking payment
Facility of making payment by credit card / debit card / net banking is not available for below mentioned categories:
      -  Central Government / State Government and
      -  Statutory / Autonomous Bodies

Persons authorised to make credit card / debit card / net banking payment for other categories are as below:        

Category of applicant
Authorized person whose credit card / debit card / net banking can be used for making the payment
Company/Branch/Division of a company
Any Director of the Company

Individual (Sole Proprietorship) / Branch of individual business
Hindu Undivided Family (HUF)
Firm / Branch of firm
Any partner of the firm

Association of Persons/Body of Individuals/ Association of Persons (Trusts)/Artificial Juridical Person            
Authorized signatory covered under section 140 of Income Tax Act, 1961

Applicants making payment of application fee using credit card / debit card will be charged an additional charge of up to 2% (plus applicable taxes) of application fee by the bank providing payment gateway facility.         
Applicants making payment through Net Banking facility will be charged an additional surcharge of 4.00 + service tax for payment gateway facility.      

On successful payment by credit card / debit card / net banking an acknowledgment will be displayed. Applicant shall save and print the acknowledgment and send to NSDL as mentioned in section 'Submission of Documents' below.

Submission of Documents

(a) The acknowledgment duly signed, along with demand draft, if any, shall be sent to NSDL at
      NSDL e-Governance Infrastructure Limited,
      5th floor, Mantri Sterling,
      Plot No. 341, Survey No. 997/8,
      Model Colony,
      Near Deep Bungalow Chowk,
      Pune - 411016
(b)  Superscribe the envelope with 'APPLICATION FOR TAN - Acknowledgment Number' (e.g. 'APPLICATION TAN - 88301020000254').
(c)  Your acknowledgment and demand draft, if any, should reach NSDL within 15 days from the date of online application.
(d)  Application will be processed only on receipt of duly signed acknowledgment and realisation of payment.

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