All those persons who are required to deduct tax at source (TDS) are required to
obtain TAN number. Entities having TAN number must duly fill their TDS returns.
TAN Highlights
TAN - Tax deduction Account Number
TAN is a 10 character alpha-numeric code issued by the Income Tax Department for
persons responsible for deducting or collecting tax at source. All most all
for-profit entities and not-for-profit entities are required to obtain TAN.
Proprietorship Require TAN
Salaried individuals are not required to deduct tax at source. However, individuals
running a proprietorship are required to obtain TAN and deduct tax at source when
required.
Validity
Once a TAN is issued, it is valid for lifetime. However, TDS Filings must be made
quarterly on the 15th day of July, October, January and May. Non-filing of TDS
filings within the due date will attract a penalty.
TDS Payments
Tax Deducted at Source must be paid into authorized bank, quoting the TAN and using
Challan 281. TDS during the preceding month must be paid before the 7th day of the
following month.
TAN Facilitation Center
Rajput Jain & Associates is association with authorized TAN facilitation center.
Therefore, Rajput Jain & Associates can help you obtain TAN hassle-free and quickly.
Just send the TAN application along with the supporting documents and we will help
you get your TAN quickly.
Quick Processing
TAN can be obtained in 5-10 working days from the time of submission of application
with the required documents. The application must be submitted in hard format along
with self-attested copy of address and identity proof of the applicant.