TAN Full Form In English
TAN is a unique 10-digit alphanumeric number issued by the Income Tax Department of India to individuals or entities responsible for deducting or collecting tax at source (TDS/TCS). It is mandatory for all persons who are required to deduct or collect tax under the Income Tax Act, 1961.
TAN plays an important role in ensuring proper tracking and management of TDS/TCS transactions. It helps the government monitor tax deductions made by various organizations and ensures that the deducted amount is deposited to the central government on time.
For example, companies, firms, government offices, and other organizations that deduct TDS on salary, rent, commission, or professional fees must obtain a TAN. Without a valid TAN, they cannot file TDS returns or issue TDS certificates to the deductees.
TAN is issued by the Income Tax Department through the National Securities Depository Limited (NSDL) or the TIN Facilitation Centres, and it must be quoted in all TDS/TCS-related documents such as challans, certificates, and returns.
TAN Full Form In Hindi
TAN एक विशेष 10 अंकों का अल्फान्यूमेरिक नंबर होता है जिसे भारत के आयकर विभाग द्वारा उन व्यक्तियों या संस्थानों को जारी किया जाता है जो स्रोत पर कर काटने या एकत्र करने (TDS/TCS) के लिए जिम्मेदार होते हैं। आयकर अधिनियम, 1961 के तहत जिन लोगों या संगठनों को कर काटना या एकत्र करना आवश्यक है, उनके लिए TAN प्राप्त करना अनिवार्य है।
TAN कर कटौती और संग्रहण की प्रक्रिया को ट्रैक करने और प्रबंधन करने में महत्वपूर्ण भूमिका निभाता है। यह सरकार को यह सुनिश्चित करने में मदद करता है कि विभिन्न संगठनों द्वारा काटे गए कर की राशि समय पर केंद्रीय सरकार को जमा की जाए।
उदाहरण के लिए, कंपनियां, फर्म, सरकारी कार्यालय और अन्य संस्थान जो वेतन, किराया, कमीशन या प्रोफेशनल फीस पर TDS काटते हैं, उन्हें TAN प्राप्त करना आवश्यक होता है। वैध TAN के बिना वे TDS रिटर्न दाखिल नहीं कर सकते या TDS प्रमाण पत्र जारी नहीं कर सकते।
TAN आयकर विभाग द्वारा नेशनल सिक्योरिटीज डिपॉजिटरी लिमिटेड (NSDL) या TIN फेसीलिटेशन सेंटर्स के माध्यम से जारी किया जाता है और इसे सभी TDS/TCS से संबंधित दस्तावेजों जैसे चालान, प्रमाण पत्र और रिटर्न में उद्धृत करना आवश्यक होता है।
Read More: PTSD Full Form In English And Hindi
Frequently Asked Questions
What is the full form of TAN?
The full form of TAN is Tax Deduction and Collection Account Number.
Who issues the TAN in India?
TAN is issued by the Income Tax Department of India through NSDL or TIN Facilitation Centres.
Why is TAN required?
TAN is required by individuals or organizations responsible for deducting or collecting tax at source (TDS/TCS) to track and manage tax payments efficiently.
Is it mandatory to have a TAN for deducting TDS?
Yes, it is mandatory for all deductors to have a valid TAN before deducting or collecting tax at source.
Can one PAN be used instead of TAN?
No, PAN and TAN serve different purposes. PAN is for income tax identification, while TAN is specifically for TDS/TCS activities.
How many digits are there in a TAN?
A TAN consists of 10 alphanumeric characters.
Where should TAN be quoted?
TAN must be quoted in all TDS/TCS returns, challans, and certificates.
How can one apply for a TAN?
You can apply for a TAN online through the NSDL-TIN website or offline by submitting Form 49B at a TIN Facilitation Centre.
Conclusion
In conclusion, TAN or Tax Deduction and Collection Account Number is an essential identification number for individuals and organizations responsible for deducting or collecting tax at source. It ensures proper monitoring, transparency, and compliance in the tax deduction process. Obtaining a TAN is mandatory for all entities dealing with TDS or TCS, and quoting it in all related documents helps maintain a smooth and accurate tax system in India.
