Tan Application

Introduction

Tax Deduction Account Number (TAN) is a unique 10-digit alphanumeric number issued by the Income Tax Department of India to persons or entities who are required to deduct tax at source (TDS) from certain payments. TAN is a mandatory requirement for any person or entity that deducts TDS, and it must be quoted on all TDS returns and certificates.

TAN is an important document that is required for any person or entity that deducts TDS from certain payments. If you are required to deduct TDS, you should apply for TAN immediately. TAN application is a simple process and can be done online or offline.

Why CorpIQ for Your TAN Application?

When it comes to tax compliance, precision and timeliness are key. CorpIQ's dedicated team of tax professionals specializes in managing TAN applications, ensuring that your application is error-free and processed quickly. We understand the nuances of tax regulations in India and provide a service that is not just about compliance, but also about convenience and reliability.

UNDERSTANDING TAN: ITS IMPORTANCE AND NEED

TAN is a ten-digit alphanumeric number required by all entities responsible for deducting or collecting tax at source. It is mandatory to quote TAN in TDS/TCS return, any TDS/TCS payment challan, and all TDS/TCS certificates. Failure to apply for TAN or non-compliance can lead to penalties. TAN is crucial for businesses and individuals to streamline their tax-related transactions and to ensure adherence to tax laws.

THE TAN APPLICATION PROCESS AT CORPIQ

Applying for TAN through CorpIQ is straightforward and user-friendly. The process starts with completing an online form and submitting the necessary documentation, which usually includes proof of identity and address of the individual or entity. Our team reviews your application for completeness and accuracy before forwarding it to the authorities. The typical processing time is around 10-15 working days, and we keep you informed every step of the way.

CorpIQ's Unique Features and Support

At CorpIQ, we believe in providing end-to-end support. Our customer service team is always ready to assist you with any queries or guidance you might need throughout the application process. We also offer a tracking feature, allowing you to monitor the status of your TAN application in real-time. Our commitment extends beyond just obtaining your TAN; we are here to assist with any subsequent tax compliance requirements as well.

BENEFITS OF TAN

TAN offers several benefits, including:

• It helps the Income Tax Department to track and monitor TDS deductions.
• It reduces the risk of tax evasion and money laundering.
• It facilitates the processing of TDS returns and refunds.
• It is a mandatory requirement for carrying out various financial transactions, such as opening a bank account and investing in securities.

 

WHO IS ELIGIBLE TO APPLY FOR TAN?

Any person or entity that is required to deduct TDS from certain payments is eligible to apply for TAN. This includes:

• Businesses
• Companies
• Hindu Undivided Families (HUFs)
• Firms
• Other associations of persons

 

DOCUMENTS REQUIRED FOR TAN APPLICATION

The following documents are required for TAN application:

• Form 49B: Application for TAN
• Statement of Further Particulars (Form 49B-A)
• Proof of identity: Any of the following documents can be submitted as proof of identity:
• PAN card
• Aadhaar card
• Voter ID card
• Passport
• Driving license
• Proof of address: Any of the following documents can be submitted as proof of address:
• PAN card
• Aadhaar card
• Voter ID card
• Passport
• Driving license
• Bank statement
• Electricity bill
• Telephone bill

 

PROCEDURE FOR TAN APPLICATION

TAN application can be made online or offline.

Online TAN application

To apply for TAN online, follow these steps:

• Visit the website of the National Securities Depository Limited (NSDL)
• Click on the link to apply for TAN
• Fill in the online application form
• Upload copies of your proof of identity and proof of address
• Pay the prescribed fee online
• Submit the application form

 

Offline TAN application

To apply for TAN offline, you can download and print the TAN application form from the website of NSDL. Fill in the form and attach copies of your proof of identity and proof of address. You can submit the completed form and supporting documents to any NSDL facilitation center.

Processing time for TAN application

The processing time for TAN application is typically 7-10 working days. However, it may take longer in some cases.

Tracking TAN application status

You can track the status of your TAN application online by visiting the website of NSDL.

TAN card delivery

Once your TAN application is processed and approved, your TAN card will be delivered to your registered address by registered post.