TAN Registration in Bangalore
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TAN refers to the Tax Deduction and Collection Account Number, a 10-digit alphanumeric number required to be obtained by all those responsible for deducting tax at source (TDS) or required to collect tax at source (TCS). It is compulsory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), TDS/TCS payment challans, and TDS/TCS certificates. TAN is allotted by the Income Tax Department (ITD). To help improve the process of TAN application, the government of India has eased up the process where the applicants can apply online in Bangalore .
The provisions of deduction of tax at source are applicable to several payments such as salary, interest, commission, brokerage, professional fees, royalty, contract payments, etc. Therefore, in respect of payments to which the TDS provisions apply, the payer has to deduct tax at source on the payments made by him and he has to deposit the tax deducted by him to the credit of the Government.
- Application for TAN (Form 49B)
This application should be used when the applicant wants a new TAN for his business or its branch/division and has not previously applied for a TAN.
- Application for Changes or Correction in TAN Data for TAN allotted.
This application should be used when TAN has been allotted already to the applicant but a new TAN Copy is required or when data associated with the TAN (e.g. name of applicant/date of birth/address) is required to be updated in the records of Income Tax Department.
Who can file Online TAN Application?
- An Individual Person
- Hindu Undivided Family (HUF)
- Partnership Firm
- Limited Liability Partnership
- Company
- Trust
- Society
- Artificial Juridical Person
- Government or Local Authority
- Association of Persons or Body of Individuals
- Branch or Division of any of the above business
Why is TAN required in Bangalore ?
- TDS or Tax Deducted at Source is a system where a person responsible for making specified payments such as salary, commission, professional fees, interest, rent, etc. is liable to deduct a certain percentage of tax before making payment in full to the receiver of the payment.
- In addition, the deductor has to deposit the TDS deducted to the government and the details of same have to be filed quarterly in the TDS return.
- Therefore, a TDS deductor has to obtain TAN mandatorily and quote his TAN on the TDS Certificate and Returns.
- Tax collection at source or TCS is an amount collected as tax by a seller of specified goods from the buyer at the time of sale
- TCS deduction is applicable on sales of goods like Alcoholic liquor for human consumption, timber, Tendu leaves, scrap, minerals, etc.
- Therefore, a Collector of TCS also needs to have TAN mandatorily to collect TCS, issue TCS certificate and file returns to the Government.
- The provisions of Section 203A of the Income-tax Act, 1961 make it mandatory to quote TAN in all TDS/TCS/Annual Information Returns, payment challans, and certificates to be issued.
- If TAN is not quoted, TDS/TCS returns will not be accepted by TIN-Facilitation Centre's (TIN-FCs) and challans for TDS/TCS payments will not be accepted by banks.
- Also, failure to apply for TAN or not quoting the same in the specified documents attracts a penalty of Rs. 10,000.
- Consultation on TAN Application process
- Preparation and Submission of Application for TAN with Authority
- Acknowledgement and Payment Receipt
- Timely tracking and updating the status of TAN Application
- E-TAN and Copy of TAN for Applicant
Process of Online TAN application in Bangalore:-
Collection of required documents
In the very first step, the applicant has to send us the required documents as per the checklist, if the documents are fine, then we would be processing with the next step.
Filing of Online TAN Application
Once we receive all the documents, we shall verify and apply for the TAN application of the applicant through Online mode via NSDL website and make the payment of the relevant fee.
Once you have successfully applied the application, you need to forward a copy of the signed TAN Application along with supporting documents to the NSDL TAN Processing Office.
Receive the E-TAN on your email id
After the approval of the TAN Application, the Income Tax Department will send you a soft copy of the TAN (E-TAN) to your email ID within 5 working days. An E-TAN issued by the Income Tax Department is a valid document.
Get the TAN allotment letter at your address
Within the next 10 days, you shall receive a copy of TAN allotment letter at your address given at the time of making the application.
Documents Required in Online TAN Application process in Bangalore:-
For Individuals and HUF
Proof of Identity (Any one of the below)
- Aadhaar Card (as issued by UIDAI)
- Voter ID Card
- Driving License
- Passport
- GST Registration Certificate
Other than Individuals and HUF
Registration certificate as issued by Registrar of Companies.
A copy of the partnership deed or copy of the Registration certificate as issued by the Registrar of Firms.
Copy of Registration Certificate as issued by the Registrar of LLPs.
Trust
A copy of the certificate of registration number as issued by the charity commissioner or trust deed.
Association of Person, Body of Individuals, Local Authority, or Artificial Juridical Person
Copy of Agreement or copy of certificate of registration number issued by charity commissioner or registrar of cooperative society or any other competent authority or any other document originating from any Central or State Government Department establishing identity and address of such person.
Created & Posted by (Ravi)
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