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TAN Application
TAN or Tax Deduction and Collection Account Number is a unique 10-digit alphanumeric code that is issued to individuals and entities who are required to deduct or collect taxes at source. It is mandatory for all entities who deduct or collect taxes to obtain a TAN. The process of applying for a TAN is simple and can be done both online and offline. The application for TAN must be made in the prescribed form and submitted along with the necessary documents and fee. Once the application is processed and approved, the TAN number is issued to the applicant.
It is important to note that failure to obtain a TAN can result in penalties and fines. Having a TAN can ensure smooth and hassle-free compliance with tax regulations.
Choose us
Why Should You Choose Qualified Munim Group?
- Expertise: With over 10 years of experience, Qualified Munim Group has a team of experts who provide a wide range of services to startups and businesses.
- Cost-effective solutions: We offer our services at affordable rates to ensure that every entrepreneur and business owner can benefit from our expertise.
- Timely service delivery: Our team ensures timely delivery of services without compromising on quality.
- Client-centric approach: We prioritize our clients’ needs and requirements and offer personalized solutions to cater to their unique business needs.
- Simplified processes: We strive to simplify complex processes such as taxation, compliance, and registration to make it easier for our clients to focus on their core business activities.
- Technology-driven solutions: We leverage technology to provide efficient and innovative solutions to our clients, ensuring that they stay ahead in the competition.
- Trusted partner: Our clients trust us as their partner in growth, and we ensure that we provide them with the best possible support and guidance to achieve their business goals.
- Dedicated Relationship Manager and On-call Support
- Avail exclusive partner offers on web hosting, payment gateways, etc.
the process
Process of TAN Application
DOCUMENTS CHECKLIST
Documents Required for TAN Application
Benefits
Benefits of TAN Application
Legal Compliance
As per the Income Tax Act, it is mandatory for entities to have a TAN who are responsible for collecting and deducting tax at source. By obtaining a TAN, businesses can ensure compliance with legal requirements.
Facilitates Tax Filing
As the sole owner of the business, the proprietor has complete control over all aspects of the business. They can make decisions and take actions independently, without the need for approval from any other partners or shareholders.
Avoids Penalties
Non-compliance with TAN regulations can attract hefty penalties, including interest on delayed payments, non-filing of returns, and incorrect filing of returns. By obtaining a TAN, entities can avoid such penalties and ensure smooth business operations.
Streamlines Tax Collection
TAN helps in streamlining the tax collection process, making it easier for entities to deduct and deposit tax at the source. This can lead to improved efficiency and accuracy in tax collection, reducing errors and discrepancies.