What does TAN Acknowledgement consist of?

What Does TAN Acknowledgement consist of?TAN Number is abbreviated as tax deduction and collection account number. As per the Income Tax Act, 1961, all assessee who are liable to deduct TDS is required to have their Tan Number.

In other words, deductor must have its TAN Number so that deductee can claim it.TAN is required to be quoted by the deductor in all TDS/TCS returns, payment challans and in all TDS/TCS certificates which is to be issued.

In order to get the TAN Number, deductor must firstly fulfill the application procedure. The application procedures are stated below:

  • Firstly Form 49B must be filled online.
  • Then submit the form.
  • An option to rectify errors pops up (in case there are any errors).
  • Errors must be rectified and form must be re-submitted.
  • A confirmation screen will be displayed with all the data filled by the applicant.
  • The applicant may either edit or confirm the same.

Next step is getting the Acknowledgement for TAN. On confirmation, an acknowledgment screen will be displayed.

The acknowledgment consists of:-

  • A unique 14-digit acknowledgment number.
  • Status of applicant.
  • Name of applicant.
  • Contact details (address, e-mail and telephone number)
  • Payment details.
  • Space for signature.

An Applicant shall save and print this acknowledgment. Signature / Left thumb impression should only be within the box provided in the acknowledgment. In case of applicants other than ‘Individuals’, the authorized signatory shall sign the acknowledgment and affix the appropriate seal or stamp. In case, left hand thumb impression is used, then the same should be attested by a Magistrate or a Notary Public or Gazetted Officer, under official seal and stamp.

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