Tax Deduction and Collection Account Number (TAN) is a 10 digit alphanumeric number. It is required to deduct tax or collect on payment of tax.
What is the procedure to register for TAN?
Procedure of TAN registration is as follows.
- Fill form 49b.
- In case of online filing, an acknowledgement is generated this needs to be forwarded to NSDL with payment.
- After verification from NSDL the application is sent to income tax department and tan number is allotted.
What documents are required for TAN registration?
Documents required for TAN are as follows.
- Identity proof
- Address proof
How much time is taken for TAN registration?
Recently, the Central Board of Direct Tax has digitized the process and set new protocol. Through this process, corporates will be allotted PAN and TAN within a day. It takes 7-12 working days for the registration of TAN under NSDL.
What is the cost for TAN registration?
The TAN processing fee charged by the government is RS. 63 . Total cost varies from vendor to vendor.