TAN registration refers to the process of obtaining a Tax Deduction and Collection Account Number (TAN) from the Income Tax Department of India. TAN is a 10-digit alphanumeric number that is used by an individual or an entity for the purpose of deducting tax at source (TDS) and collecting and remitting the same to the government.
When an entity deducts TDS, it is required to mention the TAN of the entity from whom the TDS is deducted. Similarly, when an entity collects and remits tax, it is required to mention its own TAN.
The TAN registration process involves submitting an application along with the necessary documents to the Income Tax Department. Once the application is processed, the applicant receives the TAN number, which must be quoted in all TDS and TCS returns, challans, and certificates.
TAN registration is mandatory for all entities that are required to deduct TDS or collect TCS.
All the legal fee will be extra as per applicable by the govt.