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TAN is mandatory for all deductors and collectors. Possessing or using duplicate TANs is illegal. If you already have a TAN from a previous role, we help you verify and utilize it instead of applying for a new one. Multiple TANs across different branches or locations are legal and necessary for proper TDS tracking.
What is TAN and who needs it?
TAN (Tax Deduction and Collection Account Number) is a 10-digit alphanumeric number required by anyone responsible for deducting or collecting tax at source. It must be quoted in all TDS/TCS documents, challans, certificates, and returns.
Is TAN mandatory for all businesses?
Not for all. Only businesses that make specific payments above thresholds need TAN. Common triggers are: salary payments, contractor payments, rent above Rs. 1,80,000/year, professional fees, and specific financial transactions.
What happens if I don't apply for TAN?
Failure to apply for TAN when required attracts a penalty of Rs. 10,000. Additionally, you cannot legally make TDS deductions or file TDS returns without a TAN.
Can branches of the same company have separate TANs?
Yes. Different branches or locations may need separate TANs if they have distinct TDS responsibilities. The application should clearly specify the branch name, location, and the person responsible for deduction/collection at that branch.
How long does it take to get a TAN?
TAN is typically allotted within 7-15 working days from the date of application submission to NSDL. We follow up throughout and deliver your TAN once received.
What if I already have a TAN but want to change details?
Any changes to your address, responsible person, or other TAN details must be communicated to the Income Tax Department using the "Form for Changes or Correction in TAN Data". We can help you file this correction form.
Can I have multiple TANs?
Legally, one person should not possess more than one TAN for the same deduction/collection activity. However, having separate TANs for different branches or entities is permissible. Possessing duplicate TANs inadvertently is illegal and must be surrendered.