TAX DEDUCTION ACCOUNT NUMBER (TAN)

No. PAN and TAN totally serve different purposes. You cannot use PAN instead of TAN.

TAN is allotted by the Income-tax Department on the basis of the application submitted online at NSDL-TIN website or at TIN-FCs managed by NSDL. NSDL will intimate the TAN to the applicant at the address provided in the application.

No. TAN Application can be made only on Form 49B. The application form can be downloaded from Income Tax website or NSDL-TIN website or may be obtained from any other source. The application is also available at TIN-FCs. Which is managed by NSDL.

No. TAN allotted for Tax Deduction at Source (TDS) can be used for the purpose of TCS.

TDS/TCS statements are quarterly TDS/TCS returns filed in electronic form as per section 200(3)/206C, as revised by Finance Act, 2005. From the fiscal year 2005-06 forward, these quarterly disclosures are required by the Income Tax Act. Form Nos. 24Q, 26Q, and 27Q are used for quarterly e-TDS statements, whereas Form No. 27EQ is used for quarterly e-TCS statements. Both e-TDS and TCS statements should be accompanied by a signed verification in Form No. 27A when filed on a CD/Pen Drive.

All business and government deductors/collectors are required to file their TDS/TCS returns on electronic medium (i.e. e-TDS/TCS returns) under the Income Tax Act of 1961. Other than corporate and government deductors/collectors, however, can file in either physical or electronic form.

Government deductors include all drawing and disbursing officers in the federal and state governments.

An e-TDS return should be filed under Section 206 of the Income Tax Act in accordance with the scheme notified by the Central Board of Direct Taxes (CBDT) on August 26, 2003 for electronic filing of TDS returns. CBDT Circular No. 8 dated September 19, 2003 should also be consulte
An e-TCS return should be filed under Section 206C of the Income Tax Act in accordance with the scheme notified by the CBDT on March 30, 2005 for electronic filing of TCS returns
Deductors/collectors are required to file quarterly TDS/TCS statements beginning in fiscal year 2005-06, as amended by Finance Act 2005-06 onwards, under section 200(3)/206C.

For the purpose of electronic filing of TDS/TCS returns, the CBDT has appointed the Director General of Income Tax (Systems) as e-Filing Administrator.

The CBDT has appointed Mumbai-based National Securities Depository Limited (NSDL) as the e-TDS/TCS Intermediary. To assist deductors/collectors in filing their e-TDS/TCS returns, NSDL has established TIN Facilitation Centres (TIN-FCs) across the country.