{"id":76,"date":"2025-05-22T18:23:57","date_gmt":"2025-05-22T18:23:57","guid":{"rendered":"https:\/\/ankgassociates.com\/?page_id=76"},"modified":"2025-10-13T18:23:44","modified_gmt":"2025-10-13T18:23:44","slug":"tan","status":"publish","type":"page","link":"https:\/\/ankgassociates.com\/?page_id=76","title":{"rendered":"TAN &#038; PAN"},"content":{"rendered":"<h1 data-start=\"210\" data-end=\"265\"><strong data-start=\"212\" data-end=\"263\">Tax Deduction \/ Collection Account Number (TAN)<\/strong><\/h1>\n<p data-start=\"266\" data-end=\"321\">\u2728 <em data-start=\"268\" data-end=\"319\">\u201cAn Essential Step Towards TDS &amp; TCS Compliance.\u201d<\/em><\/p>\n<p data-start=\"323\" data-end=\"615\">A <strong data-start=\"325\" data-end=\"378\">TAN (Tax Deduction and Collection Account Number)<\/strong> is a <strong data-start=\"384\" data-end=\"414\">10-digit alphanumeric code<\/strong> issued by the <strong data-start=\"429\" data-end=\"463\">Income Tax Department of India<\/strong>. It is <strong data-start=\"471\" data-end=\"484\">mandatory<\/strong> for all individuals, firms, and organizations responsible for <strong data-start=\"547\" data-end=\"588\">deducting or collecting tax at source<\/strong> to obtain and quote TAN.<\/p>\n<p data-start=\"617\" data-end=\"693\">Under <strong data-start=\"623\" data-end=\"667\">Section 203A of the Income Tax Act, 1961<\/strong>, TAN must be quoted in:<\/p>\n<ul data-start=\"694\" data-end=\"895\">\n<li data-start=\"694\" data-end=\"740\">\n<p data-start=\"696\" data-end=\"740\"><strong data-start=\"696\" data-end=\"719\">All TDS\/TCS returns<\/strong> (quarterly\/annual)<\/p>\n<\/li>\n<li data-start=\"741\" data-end=\"778\">\n<p data-start=\"743\" data-end=\"778\"><strong data-start=\"743\" data-end=\"776\">Challans for TDS\/TCS payments<\/strong><\/p>\n<\/li>\n<li data-start=\"779\" data-end=\"837\">\n<p data-start=\"781\" data-end=\"837\"><strong data-start=\"781\" data-end=\"835\">Certificates issued against tax deducted\/collected<\/strong><\/p>\n<\/li>\n<li data-start=\"838\" data-end=\"895\">\n<p data-start=\"840\" data-end=\"895\"><strong data-start=\"840\" data-end=\"893\">Any correspondence with the Income Tax Department<\/strong><\/p>\n<\/li>\n<\/ul>\n<p data-start=\"897\" data-end=\"1029\">Failure to obtain or quote TAN in the required documents may attract <strong data-start=\"966\" data-end=\"990\">penalties of \u20b910,000<\/strong> along with other legal consequences.<\/p>\n<hr data-start=\"1031\" data-end=\"1034\" \/>\n<h3 data-start=\"1036\" data-end=\"1071\"><strong data-start=\"1040\" data-end=\"1069\">Types of TAN Applications<\/strong><\/h3>\n<ol data-start=\"1073\" data-end=\"1841\">\n<li data-start=\"1073\" data-end=\"1398\">\n<p data-start=\"1076\" data-end=\"1130\"><strong data-start=\"1076\" data-end=\"1128\">Application for Issuance of a New TAN (Form 49B)<\/strong><\/p>\n<ul data-start=\"1134\" data-end=\"1398\">\n<li data-start=\"1134\" data-end=\"1214\">\n<p data-start=\"1136\" data-end=\"1214\">To be used when the deductor\/collector has <strong data-start=\"1179\" data-end=\"1204\">never applied for TAN<\/strong> before.<\/p>\n<\/li>\n<li data-start=\"1218\" data-end=\"1338\">\n<p data-start=\"1220\" data-end=\"1338\">Applicable to businesses, individuals, trusts, firms, companies, or any entity newly required to deduct\/collect tax.<\/p>\n<\/li>\n<li data-start=\"1342\" data-end=\"1398\">\n<p data-start=\"1344\" data-end=\"1398\">Once allotted, TAN remains valid for a <strong data-start=\"1383\" data-end=\"1395\">lifetime<\/strong>.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li data-start=\"1400\" data-end=\"1841\">\n<p data-start=\"1403\" data-end=\"1479\"><strong data-start=\"1403\" data-end=\"1477\">Application for Change or Correction in TAN Data (Form for Correction)<\/strong><\/p>\n<ul data-start=\"1483\" data-end=\"1841\">\n<li data-start=\"1483\" data-end=\"1561\">\n<p data-start=\"1485\" data-end=\"1561\">To be used by entities that already have a TAN but need to update details.<\/p>\n<\/li>\n<li data-start=\"1565\" data-end=\"1841\">\n<p data-start=\"1567\" data-end=\"1605\">Common correction scenarios include:<\/p>\n<ul data-start=\"1611\" data-end=\"1841\">\n<li data-start=\"1611\" data-end=\"1663\">\n<p data-start=\"1613\" data-end=\"1663\">Change in name\/address of the deductor\/collector<\/p>\n<\/li>\n<li data-start=\"1669\" data-end=\"1704\">\n<p data-start=\"1671\" data-end=\"1704\">Modification of contact details<\/p>\n<\/li>\n<li data-start=\"1710\" data-end=\"1772\">\n<p data-start=\"1712\" data-end=\"1772\">Correction of spelling or typographical errors in TAN data<\/p>\n<\/li>\n<li data-start=\"1778\" data-end=\"1841\">\n<p data-start=\"1780\" data-end=\"1841\">Update in category of deductor (e.g., from firm to company)<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<hr data-start=\"1843\" data-end=\"1846\" \/>\n<h3 data-start=\"1848\" data-end=\"1878\"><strong data-start=\"1852\" data-end=\"1876\">Why TAN is Important<\/strong><\/h3>\n<ul data-start=\"1879\" data-end=\"2129\">\n<li data-start=\"1879\" data-end=\"1931\">\n<p data-start=\"1881\" data-end=\"1931\">It is <strong data-start=\"1887\" data-end=\"1901\">compulsory<\/strong> for filing TDS\/TCS returns.<\/p>\n<\/li>\n<li data-start=\"1932\" data-end=\"1991\">\n<p data-start=\"1934\" data-end=\"1991\">Helps in proper <strong data-start=\"1950\" data-end=\"1988\">tracking of tax deducted\/collected<\/strong>.<\/p>\n<\/li>\n<li data-start=\"1992\" data-end=\"2052\">\n<p data-start=\"1994\" data-end=\"2052\">Ensures timely <strong data-start=\"2009\" data-end=\"2049\">credit of tax to deductees\u2019 accounts<\/strong>.<\/p>\n<\/li>\n<li data-start=\"2053\" data-end=\"2129\">\n<p data-start=\"2055\" data-end=\"2129\">Avoids penalties and ensures <strong data-start=\"2084\" data-end=\"2105\">smooth compliance<\/strong> with income tax laws.<\/p>\n<\/li>\n<\/ul>\n<hr data-start=\"2131\" data-end=\"2134\" \/>\n<p data-start=\"2136\" data-end=\"2323\">\ud83c\udf1f <strong data-start=\"2139\" data-end=\"2215\">ANKG Associates \u2013 Simplifying TAN Applications, Corrections &amp; Compliance<\/strong> \ud83c\udf1f<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax Deduction \/ Collection Account Number (TAN) \u2728 \u201cAn Essential Step Towards TDS &amp; TCS Compliance.\u201d A TAN (Tax Deduction and Collection Account Number) is a 10-digit alphanumeric code issued by the Income Tax Department of India. It is mandatory for all individuals, firms, and organizations responsible for deducting or collecting tax at source to&hellip; <a class=\"more-link\" href=\"https:\/\/ankgassociates.com\/?page_id=76\">Continue reading <span class=\"screen-reader-text\">TAN &#038; PAN<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":314,"parent":20,"menu_order":6,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-76","page","type-page","status-publish","has-post-thumbnail","hentry","entry"],"_links":{"self":[{"href":"https:\/\/ankgassociates.com\/index.php?rest_route=\/wp\/v2\/pages\/76","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ankgassociates.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ankgassociates.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ankgassociates.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ankgassociates.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76"}],"version-history":[{"count":6,"href":"https:\/\/ankgassociates.com\/index.php?rest_route=\/wp\/v2\/pages\/76\/revisions"}],"predecessor-version":[{"id":407,"href":"https:\/\/ankgassociates.com\/index.php?rest_route=\/wp\/v2\/pages\/76\/revisions\/407"}],"up":[{"embeddable":true,"href":"https:\/\/ankgassociates.com\/index.php?rest_route=\/wp\/v2\/pages\/20"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ankgassociates.com\/index.php?rest_route=\/wp\/v2\/media\/314"}],"wp:attachment":[{"href":"https:\/\/ankgassociates.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}