Hey pal,
Before beginning my discussion about what documents are required for TAN number, I would like to brief you on what is a TAN number? A tax Deduction Account Number, also known as a Tax Collection Account Number, is a 10-digit alphanumeric number. Every individual who is in charge of collecting tax at source (TCS) or deducting tax at source must receive the number given by the Income Tax Department (TDS).
Avail NoBroker’s Legal Services to verify the property documents What documents required for TAN number?Applicants are not required to provide any documents while requesting a new TAN. If they apply for a new TAN online, the only document they must submit is the signed acknowledgement slip.
Consequences of Failing to Cite TAN:The possibility of paying a penalty of Rs. 10,000 under Section 272BB (1) exists if the 10-digit alphanumeric TAN number is not provided by qualified individuals at the required locations. The applicant is subject to the same penalty under Section 272BB if the incorrect TAN is submitted.
In addition to the aforementioned consequences, the following could also happen if a TAN is not provided where it is needed:
TIN facilitation centres do not accept TDS or TCS returns.
The challans used to make TDS/TCS payments will not be accepted by banks.
I would like to conclude here as I believe this suffices your query, what documents are required for TAN number. I hope this helps:)
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What Documents Are Required For TAN Number?
Karishma
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2022-11-21T20:37:40+00:00 2022-11-21T20:37:44+00:00Comment
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