Introduction The Tax Deduction and Collection Account Number (TAN) is a unique 10-character alphanumeric code issued by the Income Tax Department of India to entities responsible for deducting or collecting tax at source under the Income Tax Act, 1961. It is a...

Introduction E-commerce businesses in India operate within a highly regulated financial environment, where tax compliance is critical to legal and operational integrity. Among the key tax identifiers required by law is the Tax Deduction and Collection Account Number...

Introduction The Tax Deduction and Collection Account Number (TAN) serves as the official identity of a tax deductor under the Income Tax Act, 1961, and is essential for fulfilling statutory obligations related to Tax Deducted at Source (TDS) and Tax Collected at...

Introduction The process of filing TDS (Tax Deducted at Source) returns is a statutory obligation for all individuals and entities who are responsible for deducting tax at source under the Income Tax Act, 1961. To fulfill this duty, the Tax Deduction and Collection...

Introduction In India’s tax compliance ecosystem, the Tax Deduction and Collection Account Number (TAN) and the Tax Deducted at Source (TDS) framework are intricately connected. The TRACES portal—short for TDS Reconciliation Analysis and Correction Enabling...

Introduction The TRACES portal, which stands for TDS Reconciliation Analysis and Correction Enabling System, is an online facility launched by the Income Tax Department of India to streamline the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS)...

Introduction The Tax Deduction and Collection Account Number (TAN) is a 10-character alphanumeric code issued by the Income Tax Department of India to entities and individuals who are required to deduct or collect tax at source. Introduced under Section 203A of the...

Introduction The Tax Deduction and Collection Account Number (TAN) is a mandatory alphanumeric code issued by the Income Tax Department of India to every person or business responsible for deducting or collecting tax at source. It is a critical component of the...

Introduction Once an individual or organization has submitted a TAN (Tax Deduction and Collection Account Number) application in India—whether for a new allotment or for correction or update—it becomes important to track the status of the application to ensure timely...

Introduction A Tax Deduction and Collection Account Number (TAN) is a critical compliance identifier issued by the Income Tax Department of India to entities responsible for deducting or collecting tax at source. Like other key tax-related identifiers, TAN details...