TAN stands for Tax Deduction and Collection Account Number, which is a unique 10-digit alphanumeric number issued by the Income Tax Department in India to companies and individuals. The TAN number is used for deducting or collecting tax at source and for filing tax returns. It helps you to keep track of all your tax-related payments made and received by an individual or entity. The TAN number is essential under Section 203A of the Income Tax Act of 1961.
Table of contents
Why Is a TAN Number Important?
The TAN number is a vital part of the Indian taxation system. The unique ten-digit alphanumeric code is issued by the Income Tax Department to the entities responsible for deducting or collecting tax at source. It is used to identify the individual/company responsible for deducting tax. It is compulsory to quote this number while filing all TDS returns, making any TDS payments or for any other transactions with the Income Tax Department. TAN Card helps in identifying the taxpayers and ensures that the taxes are paid in a timely manner. It also helps the government track and monitor the tax collection process. The filed returns are not given green light by the TAN facilitation centres in India. Even the banks do not accept any challan for the Tax Deducted at source and Tax Collection at sourced payments. If having a TAN number is a necessity for you by law and you fail to do so, you will be subject to a penalty of ₹10,000/-.
What Is the Structure of a Tan Card?
A TAN card is a Tax Deduction and Collection account number card issued by the Indian Income Tax Department to pay taxes. It consists of a 16-digit alphanumeric code assigned to individuals who are required to deduct or collect tax from payments made to parties such as employees, contractors, suppliers, etc. The TAN card is usually printed on plastic cards and contains the following information: the name of the deductee or collector, the TAN number, the geographical jurisdiction of the deductor or collector, the name and address of the deductor or collector, and the signature of the deductor or collector.
How To Get TAN Details in Income Tax Portal?
- To know your TAN details in the Income Tax Portal on http://www.incometaxindiaefiling.gov.in/ you will need to log in to your account on the portal.
- Once logged in, you should be able to find the TAN details under the ‘My Profile’ tab in the navigation bar.
- From there, click the ‘My TAN’ tab. This will open a page that will show you the details of your TAN, including the TAN number, the name of the deductor/collector, and the address of the deductor/collector.
- You can also view the TAN details from the ‘View TDS/TCS Credit Statement’ page in the portal, which is accessible from the ‘e-Filing’ tab in the navigation bar.
How To Know Your TAN Jurisdiction Building Name?
To know your TAN (Tax Deduction and Collection Account Number) jurisdiction building name, you need to contact your local Income Tax Office. The contact information can usually be found on the official website of your local Income Tax Office. Alternatively, you can contact the Central Board of Direct Taxes (CBDT) for more information. You may need to provide your TAN number to the Income Tax Office or the CBDT for them to provide you with the jurisdiction building name associated with your TAN number.
TAN Card Related Articles
| TAN Card | TAN Card Status |
| PAN TIN Facilitation Centre | TAN Card Details |
| PAN-TAN-TIN Difference | TAN Card Application |
Frequently Asked Questions (FAQs)
How Do I Know My TAN by PAN?
You can also contact the Income Tax Department’s TIN-Facilitation Center and get your TAN number by providing your PAN number. The contact details of the TIN-Facilitation Centers can be found on the website of the Income Tax Department.
Is the TAN Number Important?
Yes, the TAN Number is important. It is mandatory to quote the TAN Number on all Tax Deductions or Collection challans or statements. Failure to do so can lead to a penalty of Rs. 10,000 as per Section 272BB of the Income Tax Act, 1961.
Does Everyone Have a TAN Number?
No, not everyone has a Tax Deduction and Collection Account Number (TAN). The majority of people do not need to obtain a TAN, as it is mainly required for businesses or entities that are involved in tax-related activities.
Can We Get TAN Without a PAN Number?
No, you cannot get a TAN (Tax Deduction and Collection Account Number) without a PAN (Permanent Account Number).TAN is issued to them by the Income Tax Department and is mandatorily required for all tax deductions and collections.
