by Audit Analyst | Dec 23, 2025 | TAN
Quote the Correct TAN in All Transactions Always quote the valid and active TAN in all TDS/TCS-related payments, challans (Challan 281), and returns. Double-check the TAN for spelling or character errors, especially when entered in accounting software, online payment...
by Audit Analyst | Dec 23, 2025 | TAN
Digital Confirmation of TAN Validity E-verification of TAN is the process of electronically validating the existence, correctness, and ownership of a TAN (Tax Deduction and Collection Account Number). It confirms whether the TAN is active, linked to the correct PAN,...
by Audit Analyst | Dec 23, 2025 | TAN
Prepare Detailed TDS/TCS Records Begin by compiling all data related to TDS/TCS transactions carried out under your TAN for the reporting period. This includes: Deductee/vendor details and PANs Nature of payments (e.g., salary, rent, professional fees) Section-wise...
by Audit Analyst | Dec 23, 2025 | TAN
Review the Penalty Notice Carefully Begin by examining the penalty notice received under Section 272BB (failure to obtain or quote TAN) or Section 271H (late or incorrect TDS return filing). Verify the TAN mentioned, nature of default, assessment year, and reason for...
by Audit Analyst | Dec 23, 2025 | TAN
Verify TAN Allotment Letter Begin by cross-checking the official TAN allotment letter issued by the Income Tax Department. Ensure the TAN matches your entity name, PAN, and jurisdiction as mentioned in the letter. This document serves as the primary source of truth...
