Tax

Income-Tax: A Brief Note on TAN

A Tax Deduction Account Number (TAN) or Tax Collection Account Number (TCS)  is a 10-digit alpha-numeric number issued by the Income Tax (IT) department. The individuals required to collect tax at source (TCS) or responsible for deducting tax at source (TDS) are required to possess TAN.

It is possible to apply for TAN via two modes: offline and online.

Applying for TAN:

Offline mode

An application for allotment of TAN is required to be filed in Form 49B in duplicate and submitted to any Tax Information Network-Facilitation Centre (TIN-FC). The addresses of TIN-FCs are available at the Protean (formerly NSDL eGov) TIN website.

Online mode

In case an individual is applying for TAN in online mode – then the application can be submitted by visiting the website of Protean TIN.

Steps for online change request of TAN information:

  • Visit the official NSDL website
  • To change or correct TAN data, select Online Application or click here option
  • Then, fill in all the mandatory fields that would be marked with an asterisk (*) and select the corresponding box on the left margin of the appropriate field where correction is required
  • In case the applicant fills in incorrect information, then a response indicating the error will be displayed on the screen
  • After this, the forms will have to be re-submitted after rectifying the error(s)
  • If the form submitted is error-free, then a confirmation message will be displayed on screen
  • In case the applicant is satisfied with the displayed information, they may choose the confirm option
  • Now, make the payment, and an acknowledgement slip will be generated. Don’t forget to save and print the acknowledgement slip

The receipt needs to be despatched along with requisite documents to Protean (formerly NSDL eGov) at Protean eGov Technologies Limited, 4th floor, Sapphire Chambers, Baner Road, Baner, Pune – 411 015.

Share

Recent Posts

Mutual Funds: SIP Inflows Breach Rs 19,000-Crore Mark for the First Time in February ’24

The systematic investment plan (SIP) contribution in February 2024 has crossed a new milestone. The monthly contribution tipped at Rs…

2 months ago

Income-Tax Return: A Brief Note on Annual Information Statement (AIS)

The Income-Tax (I-T) Department has directed taxpayers to access the Annual Information Statement (AIS) via the e-filing official portal and…

2 months ago

Mutual Funds: All About SIP and Market Fluctuations

Considering the vagaries of the stock market, investors often ponder over reevaluating their strategies. Whether to continue to remain invested…

2 months ago

Income-Tax Saving Through Strategic Life Insurance Planning

Financial planning is beyond just investing wisely to save on taxes; it's also related to protecting oneself and one's loved…

2 months ago

Income-Tax Return: Here’s a Note on Tax-Saving Avenues

A salaried individual earning up to Rs 5-15 lakh as net salary on an annual basis must first take stock…

2 months ago

A Quick Take on Equity-Linked Savings Scheme

Equity-linked savings schemes (ELSS), also referred to as tax-saving schemes, are equity funds that invest a significant portion of their…

2 months ago