TAN Registration

Required for TDS Return

TAN Registration


Procedure for TAN Registration

Step 1
Complete our Simple Form

You are required to fill details in our simple questionnaire.

Step 2
Submit Document via Mail

Submit the necessary documents to us via email.

Step 3
Submission of Documents

We will draft the application and file it on your behalf.

Step 4
Your work is Completed, Congratulations.

Your TAN card will be sent through courier.

TAN Registration

TAN Number is a reduced 10 digit alphanumeric number used for Tax Deduction and Collection Account Number. Each assessee who intends to deduct TDS must apply for a TAN and include it in all TDS returns, TDS installments, and other TDS contact with the Income Tax Department. Failure to do so may result in a hefty fine of up to Rs.10,000. Banks will not receive TDS returns or payments unless the TAN is quoted. LegalRaasta can help you get your TAN registration online quickly.

Features of TAN Registration

Frequently Asked Questions

Who must obtain a TAN?

Salaried people are not obligated to deduct taxes at the source. Individuals who manage a sole proprietorship business, on the other hand, are obligated to deduct tax at the source. All other entities, such as LLPs, Private Limited Companies, Limited Companies, Trusts, Societies, and so on, are needed to obtain a TAN and deduct tax at the source.

What are the documents are required to obtain TAN?

To obtain TAN, an application must be made in Form 49B at any of the authorized TAN Facilitation Center.

At what rate should TAX be deducted at source?

Tax is deducted at the source at varied rates depending on the transaction. The TDS rate for salary is calculated using the employee's salary and the tax payable by the employee. The tax rate varies according to the nature of the transaction. TDS on rent of land, building, or furniture is deducted at a rate of 10% if the rent for the entire year exceeds Rs.1,80,000. See the full list of TDS rates. (From https://www.incometaxindia.gov.in/charts%20tables/tds%20rates.htm):

What are the due dates of filling TDS returns?

15th of every July, October, January, and May are the due dates for filing quarterly TDS return. Any delay in furnishing your return will result in a penalty of Rs 200 per day not exceeding the total amount of TDS for the quarter.

When should Service TAX payment be deposited?

Service tax payments must be deposited by Companies, Societies, Trust, etc., monthly. Proprietary Firms and Partnership Firms are required to make Service Tax payments quarterly.

What is the penalty for not obtaining TAX registration?

If tax registration is not obtained then a penalty Rs 5000 Rs. 200 a day, whichever is higher may be attracted.

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