Tax Deducted at Source (TDS)

Tax Deduction Account Number (TAN) is a one of its kind 10 digit alpha-numeric code allotted by the Income Tax Department to all those persons who are required to deduct tax at the source of income. It is mandatory to quote TAN on all TDS returns or any TDS imbursement challan. These applications are digitized by NSDL and forwarded to the Income Tax Department like the PAN applications. The Income Tax Department will issue the TAN, which will be closed to NSDL online. On the foundation of this, NSDL will issue the TAN letter to the applicant.

As per Section 203A of the Income Tax Act, 1961, every person who deducts or collects tax at source has to apply for the allotment of TAN. Section 203A also makes it mandatory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS payment challan, TDS/TCS certificates and other documents as may be prescribed. Failure to apply for TAN or not quoting the TAN in the specified documents attracts a penalty of Rs. 10,000/-.

The entities that have TAN registration must file TDS returns quarterly.

LetsComply can help you compute TDS payments and file for TDS returns in compliance with TDS regulations.

Procedure for filing TDS Returns:

Highlights of FSSAI License
Collection of Documents

We will collect the necessary documents for the preparation of TDS return

Computation of TDS

We will compute and prepare the TDS return and send for your approval

Filing of TDS Returns

After the approval, we will file TDS return with the Income Tax department

For more information, please contact us on

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