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Form 49B for TAN Application

Form 49B is for application for allotment of TAN number or collection and deduction account number under section 203A of the Income Tax Act, 1961. And registration of TAN is required for all persons who are required to deduct TDS on transactions. (Source- Tax Information Network website)

What is TAN?

Just like PAN (i.e. permanent account number) is unique number assigned to all tax payers, Tax Deduction and Collection Account Number (TAN) is a 10 digit unique number that is assigned to all the entities who can collect tax on behalf of the Income Tax department. TAN is compulsory while filling your TDS (tax deducted at source) and TCS (tax collection source) returns (for both electronic and paper). This 10 digit alphanumeric number issued to individuals who are required to deduct tax on payments made by them under the Indian Income Tax Act, 1961.

Also, this number is to be quoted by the entities in the TDS who are liable to deduct tax on behalf of the Income tax department. Also, a fine of INR 10,000 is levied in case the entities do not obtain this number despite deducting TDS. Besides, banks have the authority to deny transactions if TAN is not quoted by the assesse.

How can you apply for TAN?

You can make an application for new TAN by filling and submitting Form 49B. This can be done at any of the facilitation centers which are meant for receiving e-TDS returns. An entity can apply for TAN by either visiting the Income Tax Department or by making an online application at the official website of Income Tax department. Always remember, you can apply for issuance of TAN only through Form 49B. No supporting documents will be required in case of physical applications to the Income Tax Department. However, one will have to save and send the acknowledgement that is received after submitting form 49B to the Income Tax Department in case of an online application.

Contents of Form 49B

Following are the contents of Form 49B:

  • Select details pertaining to office name, office address, the type of government it falls under, the designation of person who will make tax payments on behalf of the entity, division of company, company branch, and information on whether the TAN is in the name of an individual or HUF (Hindu Undivided Family) etc.

  • To select details with the address of the entity which includes the complete address such as the street name, block number, state town, street number, state, area, town etc.

  • Information about the nationality of the deductor.

  • If applicable, PAN (permanent account number) has to be mentioned.

  • Existing Tax Deduction Number and Existing Tax Collection Number has to be filled in this section

  • The next piece of information to be given is the date on which the form has to be submitted.

  • Details of the assessing officer needs to be furnished by the tax collector or deductor. And these details if not available can be assessed from the income tax website.

  • Any blank sections will not be considered, therefore Form 49B should be filled completely.

  • The one who is filing and submitting the tax should mandatorily list his/her designation.

  • Make sure the applicant’s address is an Indian address.

Instructions for filing Form 49B

You have to keep the following things in mind while filling Form 49B:

  • Form 49B has to be filled in English and in block letters.

  • For better readability and clarity, it is important to fill one character in each box [this includes alphabet/number/punctuation mark].

  • In case you use your left hand impression, the form should be attested by a Magistrate or a Notary Public or a Gazetted Officer, under official seal and stamp.

  • Deductors and collectors should provide details of the assessing officer (TDS/TCS) in the application form. These details can be easily taken from the Income Tax office.

  • Additionally the deductor/collector must fill the Range Code, AO Number, Area Code, etc. These details can also be obtained from TIN Facilitation Centre (TIN-FC) or the Income Tax office.

  • Make sure you fill the form completely.

  • It is mandatory to fill the 'Designation of the person responsible for making payment/collecting tax' field wherever applicable.

  • The applicant’s address has to be Indian address only.

Documents Required for TAN Application

If you make the TAN application online, you may need to send the printout of the received acknowledgement to the Income Tax Department. On the other hand, you will receive the acknowledgement of TAN as soon as Form 49B is submitted on NSDL website.

However, in case you need to file, and submit the physical application, you may not require any other supporting document.

Fee for application of TAN

In case you are applying for a new TAN, an application fees of Rs. 50 has to be paid. Also, in case your application has an error and is rejected, the application fee is non-refundable.

Frequently Asked Questions

What is Form 49B for?

Form 49B is a unique alphanumeric number assigned to entities who have an authority to collect and deduct income tax on behalf of the Income Tax Department.

How can I get Form 49B online?

You can apply for Form 49B on NSDL website or on income tax website directly.

What is TAN?

TAN is an alphanumeric number issued to an individual who is required to deduct tax on payments made by them under the Indian Income Tax Act, 1961.

How do you change details entered in Form 49B for TAN Application?

Details can be changed by filling and submitting a correction form and this form is available on the Income Tax Website.

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