TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. Under Section 203A of the Income Tax Act, 1961, it is mandatory to quote Tax Deduction Account Number (TAN) allotted by the Income Tax Department (ITD) on all TDS /TCS returns.
Types of TAN Applications Form:
- Application for issuance of new TAN (Form 49B)
This application form should be used when the deductor has never applied for a TAN or does not have a TAN.
- Application Form for Change or Correction in TAN data for TAN already Allotted (Form)
This application form should be used by the deductors in case they want a Change or Correction in data associated with their TAN.