Tax Deduction Account Number (TAN) is a unique 10 digit alphanumeric code allotted by the Income Tax Department to all those persons who are required to deduct tax at the source of income. It is compulsory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS payment challan, TDS/TCS certificates, Annual Information Return and other documents as may be prescribed.
Every person liable to deduct tax at source or collect tax at source is required to obtain TAN. However, a person required to deduct tax on transfer of certain immovable property can use PAN in place of TAN as such person is not required to obtain TAN.
Once a TAN is issued, it is valid for lifetime.
TAN can be obtained by applying Form 49B with TIN Facilitation Centres / NSDL-TIN
Yes. The application can be made online through https://www.tin-nsdl.com
No. TAN Application can be made only on Form 49B.
No. TAN once allotted can be used for all type of deductions. It can also be used in case tax is being collected at source.
In case a TAN has already been allotted for the purpose of tax deduction at source (TDS), then no separate application needs to be made for obtaining separate TAN for the purpose of tax collection at source (TCS).
TAN is a unique identification number which is allotted to persons who are required to deduct tax at source or collect tax at source.
PAN is a unique identification number issued to keep a linking of the transactions carried by a person like payment of tax, TDS/TCS credit, return of income, correspondence with the Income Tax Department or correspondence by the Income Tax Department, investments made by a person, loan taken by a person, etc.
No. However PAN can be quoted in place of TAN only in case of tax deduction on transfer of certain immovable property.