TAN stands for Tax Deduction Account Number. It’s a 10-digit alphanumeric identifier issued by the Income Tax Department in India. Any person responsible for deducting tax at source (TDS) or collecting tax at source (TCS) must obtain a TAN.
TAN stands for Tax Deduction Account Number. It’s a 10-digit alphanumeric identifier issued by the Income Tax Department in India. Any person responsible for deducting tax at source (TDS) or collecting tax at source (TCS) must obtain a TAN.
Importance of TAN:
Tax Compliance: TAN is essential for filing TDS or TCS returns and ensuring compliance with tax laws.
Identification: TAN identifies the person responsible for deducting or collecting taxes, making it easier for the tax authorities to track and monitor tax payments.
Legal Requirements: Many financial transactions, such as payments to contractors, freelancers, or suppliers, require the deduction of TDS. Having a TAN is mandatory for these transactions.
Who Needs a TAN?
Employers: Employers deducting TDS from employee salaries.
Companies: Companies making payments to contractors, freelancers, or suppliers.
Individuals: Individuals making payments to non-residents or for certain types of income.
Government Departments: Government departments making payments to contractors or suppliers.
Trusts and Societies: Trusts and societies making payments to individuals or other entities.
Documents Required for TAN Application:
The specific documents required may vary depending on the applicant’s identity and the type of entity applying for the TAN. However, some common documents include:
Proof of identity: Aadhaar card, passport, driving license, voter ID card, etc.
Proof of address: Aadhaar card, passport, driving license, electricity bill, bank statement, etc.
PAN card: The PAN card of the applicant or the entity.
Supporting documents (if applicable): Proof of business registration, partnership deed, trust deed, etc.
TAN Application Process:
Obtain Application Form: You can obtain the TAN application form online from the Income Tax Department’s website or from authorized PAN centers.
Fill Out the Form: Complete the application form accurately and provide all required documents.
Submit Application: Submit the filled form and supporting documents to the nearest PAN center or online through the Income Tax Department’s portal.
Pay Application Fee: Pay the applicable fee, which can be done online or at the PAN center.
Receive Acknowledgement: You will receive an acknowledgment receipt with a unique application number.
Track Application Status: You can track the status of your TAN application online using the application number.
Receive TAN: Once your application is processed, you will receive your TAN by post.
Note: The TAN application process and required documents may change from time to time. It’s advisable to check the Income Tax Department’s website for the latest information and guidelines.
Terms & Conditions
Govt fee Rs 1000 extra to be borne by the client
All tax payments and penalties if any to be borne by the client
Stamp paper and notary should be borne by the client
This pricing is applicable only if the LLP is not having any assets and liabilities.
There will be additional charges if there is BANK ACCOUNT STATEMENT transactions having above 100 entries
DINeKYC & DSC needs to be active till the e-filing status of the LLP changes to “UNDER PROCESS OF STRIKE OFF”.
Separate forms to be filed with MCA for updating of Registered Office address/mail id & and the add/remove partners (additional charges applicable).
LLPs must file FORM-3 within 30 days of incorporation. Failure to do so incurs a penalty, which must be paid before filing FORM-24 for closure of LLP with the MCA.
TAN Applications: A Comprehensive Guide
TAN stands for Tax Deduction Account Number. It’s a 10-digit alphanumeric identifier issued by the Income Tax Department in India. Any person responsible for deducting tax at source (TDS) or collecting tax at source (TCS) must obtain a TAN.
Importance of TAN:
Who Needs a TAN?
Documents Required for TAN Application:
The specific documents required may vary depending on the applicant’s identity and the type of entity applying for the TAN. However, some common documents include:
TAN Application Process:
Note: The TAN application process and required documents may change from time to time. It’s advisable to check the Income Tax Department’s website for the latest information and guidelines.