How to Apply for TAN, Track Status of TAN Application and Penalty on Failure
Every person who is required to deduct or collect tax at source on any of the specified payments, needs to apply for allotment of Tax Dedication and Collection Account Number (TAN). TAN should be quoted on all TDS/TCS Challans, Certificate, Statement and Return. [Section 203A] How to Apply As per rule 114, application for allotment…