Recognized Under Income Tax Act TAN (Tax Deduction and Collection Account Number) is legally mandated under Section 203A of the Income Tax Act, 1961. It serves as an official and legal identification number for all persons or entities responsible for deducting or...
Use TRACES Portal for TAN Activity The TRACES (TDS Reconciliation Analysis and Correction Enabling System) portal is the primary platform for accessing TAN-based activity logs. TAN holders can log in using their TAN credentials to view detailed records of: TDS/TCS...
Integration for Automated TDS Calculations Accounting software often integrates TAN to automate the calculation of TDS on applicable transactions such as rent, professional fees, or contractor payments. When TAN is configured, the software applies correct TDS rates,...
No Renewal Required TAN (Tax Deduction and Collection Account Number) has lifetime validity and does not require renewal under the Income Tax Act. Once issued, it remains active unless it is formally surrendered or cancelled by the holder or the Income Tax Department....
Statement of TAN Ownership A TAN declaration is a formal statement made by an individual or entity affirming that they have been allotted a valid TAN (Tax Deduction and Collection Account Number). It confirms the legal possession and correct usage of the TAN for all...
Electronic Application Submission The e-TAN process refers to the online application method for obtaining a TAN (Tax Deduction and Collection Account Number). Applicants can fill and submit Form 49B electronically through authorized online portals. This eliminates the...
Prepare a Formal Surrender Request Write a formal application on the business's letterhead addressed to the Income Tax Department. Clearly state the reason for surrender, such as closure of business operations. Mention the TAN to be deactivated, the name and PAN of...
TAN Remains Active Unless Formally Surrendered After business closure, the TAN does not automatically expire or get cancelled. It remains valid and active in government records until the holder formally submits a surrender request to the Income Tax Department. Failure...
Use of Income Tax E-Filing Portal You can search for TAN records online through the Income Tax Department’s e-filing portal by selecting the "Know TAN" service. The search can be conducted using basic details such as the name of the deductor, state, and type of...
Required for Online TDS Return Filing TAN holders, especially companies and firms, are often required to use a Digital Signature Certificate (DSC) while filing TDS/TCS returns online. The DSC ensures that the return is authenticated, tamper-proof, and legally valid....