Hello Auditor

How to prepare TAN records for audit?

Organize TAN Registration and Profile Documents

  • Keep a copy of the TAN allotment letter, TAN acknowledgment, and any TAN correction requests.
  • Maintain updated information about the authorized signatory, PAN linkage, and jurisdiction details.
  • Ensure that TAN is correctly mapped in e-filing and TRACES portals for smooth audit access.

Maintain Detailed TDS/TCS Deduction Records

  • Prepare a comprehensive ledger of all TDS and TCS deductions made under TAN, with entries for:
    • Date of deduction
    • Nature of payment
    • Deductee/vendor PAN
    • Section under which TDS/TCS was deducted
    • Amount deducted and deposited

Compile Challans and Payment Proofs

  • File all Challan 281 receipts (bank challans) for each tax deposit made using TAN.
  • Verify that each challan includes the correct TAN, section code, and assessment year.
  • Reconcile challans with TDS return filings and books of accounts to ensure accuracy.

Assemble Quarterly Return Acknowledgments

  • Maintain Form 24Q, 26Q, 27Q, and 27EQ filing acknowledgments for every quarter.
  • Include copies of original returns as well as any correction statements filed.
  • Make sure the returns align with challan data and match TRACES portal records.

Store Issued TDS/TCS Certificates and Reports

  • Organize all Form 16 and Form 16A certificates issued to employees, contractors, and vendors.
  • Retain TRACES downloads, Justification Reports, and any default summaries resolved.
  • Cross-check that every certificate issued is backed by an actual TDS entry in your system.

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