Process of Applying TAN and FAQs regarding TAN Application Form 49B
Tax deduction Account number (TAN)- Every assesse whether a Central or state government or a local authority, Statutory or an Autonomous body, Company, or any of its division, Individual, Hindu Undivided Family, Associations of persons, trusts or Partnership firm, who is required to deduct tax at source, is required to apply for TAN. It is a ten digit alphanumeric number where various digits refer to the assessing officer of the assesse, unique id of the assesse etc.
If You have a PAN do you still need to apply for TAN- PAN(Permanent Account Number and TAN, serve altogether different purposes. While PAN is required to be applied in all cases, TAN is required to be applied if the assesse is supposed to deduct TDS as per requirements of the Act.
Failure to Apply for TAN- Any failure to apply for TAN or failure to mention TAN in requisite documents as TDS/TCS return, Annual Information Return(AIR), TDS certificates attracts penalty of Rs 10000/-
How to apply for TAN
a) TAN can be applied both online or offline;
b) For applying TAN offline, the user has to fill form 48B, which can be downloaded from official site tin-nsdl
c) The form may be submitted to any TIN (Tax Information Network) Facilitation Centers along with the supporting documents.
d) The application must be supported with requisite fees, the fees can be paid in cash, or by DD
e) For making online application of TAN, you may visit tin-nsdl site and fill the application online
f) You must remember to keep saving application so that you don’t lose data due to session expiring
g) Requisite application fee may be paid online through net banking, debit or credit card. At the time of writing this article, the fee is Rs 114 if paid by credit card including credit card service charges, but please check fees at the time of making application;
h) After deposit of fee, an acknowledgement number would be generated. After this you may print the form and submit to the given NSDL address during submission. This acknowledgement should reach the NSDL within 15 days of online submission.
i) TAN number would be intimated to you within 5 working days by e-mail and the TAN allotment letter will be dispatched on receipt of the signed acknowledgement.
Every assesse who is supposed to deduct TDS as per Income Tax Act has to apply for TAN, Process is simple and can be applied online. In case you face any problem in applying for TAN, leave your issue faced in comments below, we will revert back and help
TAN number applied but not received, how to track the status If you have applied for TAN online, you can track the status online using the acknowledgement number that was generated
Can an Assesse have more than one TAN- An assesse cannot have more than one TAN. However each separate branch of the assesse can have a separate TAN for each location.
I have TAN but I need make some corrections
Corrections can be made on TAN by making separate application for change of TAN particulars. The form is available at NSDL site. The form can be used for making corrections or for surrendering TAN number. The application for change in TAN number must be accompanied by the supporting document of change such as change of address proof etc.
Number for TAN and TCS The same number of TAN serves for TCS also and you need not apply for separate TCS number
Rejection of TAN Application- TAN Application can be rejected on following reasons-
a) Incomplete application;
b) You already have TAN at the branch address for where it is applied for
c) Payment not processed; whether the cheque or DD bounced for technical reasons or payment refused by Credit/Debit card processor