Deepak Gupta | Apr 5, 2019 |
How to Apply for TAN Registration:
Introduction
TAN (Tax deduction and collection account number) is a unique 10 digit alpha number which is issued by the Income tax return department of India. TAN registration is important to get a TAN number, and it is compulsory to quote TAN in TDS return. If you are responsible for collecting tax at source then you have to get your TAN number because without having a TAN number you cannot deduct income at source. Basically an employer cut their employee’s salary as a TDS (tax deduction at source) which means advance tax. This article talks about TAN registration so you will get an idea about this.
What is TAN registration
If you are an employer and you are responsible for collecting tax at source then you have to register your TAN under Income tax department of India. It is required for making tax deduction or tax collection at source, remittance of TDS payments and issuance of TDS certificates. If you are running a company or firm then you have to get done your TAN registration. This registration can be done online.
Procedure of TAN registration
You can apply for TAN through both offline and online mode. In offline mode you have fill the form manually and have to attached the required documents and then have to send your form to the official departments whereas in online mode you have to visit the official website that is https://tin.tin.nsdl.com/tan/form49B.html then you have to fill the form online and have to submit the form. Here is online procedure in stepwise-
What is professional Tax Registration
Professional tax registration is similar to TDS but it is a state level tax and has to be compulsorily paid by every member of staff employed in private companies. If you are an owner of a business then you are responsible to deduct profession tax from the salaries of your employees and pay the calculated amount to the government department. There are some states where professional tax registration is compulsory. You can get your registration through their website.
Conclusion
As you can see in above article that TAN registration is very important as without getting TAN number you may not be able to deduct tax at source of your employees. If you are owner of a business then it is your responsibility to deducts tax at source and pay collected tax to the Income tax department of India. As you can see above that TAN registration can be done through online mode where you have to fill the form 49B on the website of NSDL and have to send the printed form to the office of NSDL. After successful submission of form the income tax department of India will issue your TAN number.
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