What we do
Our work in this practice group is structured around the records, deadlines, and decisions involved:
- Assistance with the TAN registration process.
- Assessment of whether TAN is required based on the entity’s TDS/TCS obligations.
- Accurate preparation and submission of the TAN application.
- Review of applicant details and supporting information before filing.
- Assistance in resolving application-related issues or discrepancies.
- Guidance on linking TAN with ongoing TDS and TCS compliance.
- Reduced risk of errors in TAN application and related tax records.
How the engagement works
TAN requirements arise under the applicable provisions of the Income-tax Act, 1961 and related rules governing tax deduction and collection at source. Persons responsible for deducting or collecting tax are generally required to obtain and quote their TAN in specified TDS/TCS challans, statements, certificates, and other prescribed documents, subject to applicable exceptions. Failure to obtain or correctly quote TAN where required may result in statutory consequences.
Scenario 1: A newly established company is hiring employees and making payments that require deduction of tax at source and needs to obtain TAN.
Scenario 2: A business begins making payments to contractors, professionals, landlords, or other parties that may attract TDS and requires TAN registration.
Scenario 3: An LLP or partnership firm becomes responsible for TDS compliance and needs assistance with obtaining its TAN.
Scenario 4: An organization is required to collect tax at source and needs TAN registration before commencing the applicable compliance process.
Scenario 5: An entity has received or identified a TAN-related discrepancy and requires professional assistance in correcting or updating its TAN information.
TAN Requirement Assessment
We review the nature of the entity’s payments and transactions to determine whether TAN registration is required under the applicable TDS or TCS provisions.
Application & Documentation Review
We verify the applicant’s legal name, address, entity details, authorized person information, and other particulars required for the TAN application.
TAN Application Preparation
We prepare the applicable TAN application with the required information and ensure that the details are appropriately reviewed before submission.
General questions
01What is TAN?
TAN stands for Tax Deduction and Collection Account Number. It is a unique ten-digit alphanumeric number allotted to persons responsible for deducting or collecting tax at source under applicable Income Tax provisions.
02Who needs to obtain TAN?
Persons or entities responsible for deducting or collecting tax at source generally need to obtain TAN, subject to specific statutory exceptions. The requirement depends on the nature of the applicable TDS or TCS obligations.
03Is TAN required for TDS compliance?
Yes, persons responsible for TDS are generally required to obtain TAN and quote it in prescribed TDS challans, statements, certificates, and other applicable documents, subject to statutory exceptions.
04Is TAN the same as PAN?
No. PAN is the Permanent Account Number used primarily for identification of taxpayers, while TAN is specifically associated with persons responsible for deducting or collecting tax at source.
05How can I apply for TAN registration?
TAN can be obtained through the prescribed application process with the required applicant details and supporting information. We can assist with preparing and submitting the application.
06What happens if TAN is not obtained when required?
Failure to obtain or quote TAN where required may result in applicable statutory consequences. It is therefore important for an entity with TDS or TCS obligations to determine the TAN requirement and complete the registration appropriately.
07Can TAN details be corrected after registration?
Yes. Where permitted, an application can be made to update or correct relevant TAN details. We can assist with the applicable correction process and documentation.
