Why is TAN RequiredTAN is required by all individuals because without it Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) returns are not accepted by TIN facilitation centres. Banks to do not accept the challans for TDS/TCS payments if TAN is not quoted.

Procedure For Online TAN Application

TAN can be obtained either through online and offline mode. Here, we look at the procedure involved to apply online for a new TAN. Applicants need to follow the steps mentioned below if they intend to apply online for a new Tax Deduction Account Number (TAN):

  • Visit www.tin-nsdl.com/index.html
  • Select ‘TAN’ under the ‘Services’ dropdown
  • Click on ‘Apply Online’
  • Select ‘New TAN’
  • On the new page, choose from the list ‘category of deductors’
  • Next, click on ‘Select’
  • On doing so, the applicant is redirected to Form 49B
  • Fill in the form
  • Click ‘Submit’
  • On confirmation, an acknowledgement screen is displayed which contains the following:
    • 14-digit Acknowledgment Number
    • Name of the applicant
    • Status of the applicant
    • Contact details
    • Payment details
    • Space for signature
  • The applicant is required to save the acknowledgement and get a printout of it
  • The printout of the acknowledgement along with other documents is required to be sent to NSDL at – NSDL e-Governance Infrastructure Limited
  • 5th floor, Mantri Sterling
  • Plot No.341, Survey No.997/98,
  • Model Colony
  • Near Deep Bungalow Chowk
  • Pune – 411016

Consequences Of Not Quoting TAN

If the 10-digit alphanumeric TAN number is not quoted by eligible persons at requisite places, they can face the prospect of paying a penalty of Rs.10,000 under Section 272BB(1). If a wrong TAN is provided, the same penalty is imposed on the applicant under Section 272BB.

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