by Audit Analyst | Dec 23, 2025 | TAN
No Fixed Legal Review Period There is no explicitly defined legal “review period” for TAN usage under the Income Tax Act. However, TAN-related compliance is generally **reviewed on a quarterly and annual basis during audits, return filings, and regulatory checks....
by Audit Analyst | Dec 23, 2025 | TAN
Maintain a TDS/TCS Calendar Create a monthly and quarterly compliance calendar that tracks all TDS/TCS obligations related to TAN. Include important dates for: Tax deduction/collection Due dates for deposit (typically the 7th of the next month) Quarterly return...
by Audit Analyst | Dec 23, 2025 | TAN
Monthly TDS/TCS Deduction Under TAN compliance, deductors or collectors must deduct or collect tax at source each time a qualifying payment is made—such as salary, rent, professional fees, or sale of goods (in the case of TCS). This obligation is triggered immediately...
by Audit Analyst | Dec 23, 2025 | TAN
Legal Requirement for Tax Deduction and Collection TAN (Tax Deduction and Collection Account Number) is a mandatory legal identifier under Section 203A of the Income Tax Act, 1961. It is required by all entities and individuals who are liable to deduct or collect tax...
by Audit Analyst | Dec 23, 2025 | TAN
Verification of TAN Allotment Auditors must confirm that the assessee has been allotted a valid TAN under Section 203A of the Income Tax Act. The TAN must match the entity’s legal name and PAN, and should be correctly mentioned in all TDS-related documentation. If the...
