Tax Deduction and Collection Account Number also called TAN is a 10-digit alphanumeric number. The number is required to be obtained by all people who are liable for deducting or collecting tax. According to Section 203A of the Income Tax Act, 1961. The alphanumeric number is assigned by the Income Tax Department and is required to be quoted on all TDS returns. TAN is required by every individual since returns TIN facilitation centers accepts the return from Tax Deducted at source or Tax collected at source.
Applying for a TAN can be done either by contacting one of the many facilitation centers or directly online by self. The steps to follow when applying for a new TAN are: