by Audit Analyst | Dec 23, 2025 | TAN
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...
by Audit Analyst | Dec 23, 2025 | TAN
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...
by Audit Analyst | Dec 23, 2025 | TAN
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,...
by Audit Analyst | Dec 23, 2025 | TAN
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....
by Audit Analyst | Dec 23, 2025 | TAN
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...
