TAN Registration in Bangalore

TAN Registration in Bangalore –  Tax compliance is a non-negotiable for any business making considerable profits or revenue. With a constantly growing startup ecosystem, Bangalore is home to a large number of businesses and startups with a need for timely tax filing and compliance with tax regulations. TAN or (Tax Deduction and Collection Account Number) is a ten-digit alphanumeric number issued by the Income Tax (IT) department to all tax collectors and deductors. It is important to obtain TAN Registration in Bangalore to quote TAN on all TDS or TCS returns. 

Prakasha & Co. is a reliable team of tax consultants assisting various businesses and corporates in getting TAN Registration in Bangalore. The scope of TAN registration is not limited to tax return filing but is also important for payment of challan and TCS or TDS transactions. Read further to get valuable educational insights on TAN and how Prakasha & Co. is perfect for obtaining the TAN number.  

What is the TAN Number and Who Needs it?

TAN, or Tax Deduction and Collection Account Number is an important official document, similar to PAN used in various tax transactions. However, both  PAN and TAN have different roles in verifying the identity of taxpayers and ensuring legal transactions. Section 203A of the Income Tax Act, of 1961 makes it mandatory for all the persons involved in tax collection and deduction to own a unique TAN number. Here is a list of officials or persons that are required to have a TAN registration number. 

• Businesses/Employers: Deducting TDS on salaries, contractor payments, rent, etc.
• Freelancers/Professionals: Collecting TCS on specified goods/services.
• Government Agencies: Deducting TDS on payments to vendors.
• Banks/Financial Institutions: Deducting TDS on interest, dividends, etc.

How do you apply for TAN registration in Bangalore?

You can apply for TAN registration in Bangalore either with an offline or an online method. Both methods have their pros and cons and shall be selected at the convenience of the users. The legal experts at Prakasha & Co. are highly proficient with all the nuances and requirements for ensuring a smoothing application process for obtaining the TAN number. 

Our experts are also well-versed with all the local laws or rules that perhaps be required to be fulfilled by the applicant. Take a look at the steps involved in obtaining the TAN registration number with online and offline registration. 

Steps for Online TAN Registration in Bangalore 

• Visit the NSDL TAN portal (https://www.tin-nsdl.com).
• Select “Apply Online” under TAN (Form 49B).
• Fill the form with details such as name, PAN, address, deductor type, etc.
• Upload required documents (ID proof, address proof, authorization letter if applicable).
• Pay the fee online (₹65 + GST via net banking/credit/debit card). 
• Note the 14-digit acknowledgment number post-payment.
• Print, sign, and send the acknowledgment to NSDL Pune by post within 15 days.
• Track status online using the acknowledgment number.

Steps for Offline TAN Registration in Bangalore 

• Download Form 49B from the NSDL website or collect it from a TIN-FC center.
• Fill out the form manually (black ink, block letters).
• Attach self-attested copies of ID proof, address proof, and PAN.
• Submit the form to the nearest TIN-FC center in Bangalore.
• Pay via demand draft (₹65 + GST) in favor of “NSDL – TIN”.
• Collect the acknowledgment receipt with a unique number.
• Track status online or via SMS using the acknowledgment number.

What are the Benefits of TAN Registration in Bangalore? 

Going for TAN registration in Bangalore is a wise decision for businesses and organizations with tax deductions. There are multifaceted benefits of getting TAN registration to ensure tax compliance and operational efficiency of the business. These benefits show how TAN registration ensures compliance, enhances operational efficiency, builds credibility, and supports the growth of the business. Take a look at these key benefits to learn how obtaining a TAN number can be a strategic asset for your business. 

• Ensure adherence to tax laws and avoid fines and legal issues.
• Take care of lawful deduction of taxes from salaries, contractor payments, etc., and facilitate TCS on specified transactions. 
• Required by banks for processing high-value transactions where TDS applies. 
• Allows issuance of Form 16/16A to deductees, essential for their tax filings and refund claims.
• Shows legitimacy and compliance for boosting trust among clients, vendors, and financial institutions.
• Essential for businesses in Bangalore to expand beyond Karnataka to ensure compliance across jurisdictions.

Partner With the Best TAN Registration Consultants in Bangalore

Prakasha & Co. is a legal consultation firm with expertise in company setup, registration, accounting, audit, tax advisory, GST, trademark, and legal services. Partnering with us to obtain TAN registration in Bangalore will allow businesses to focus on their core business practices instead of wasting time in completing the legal formalities. We fully support our clients during their TAN registration process by ensuring compliance with all the legal and financial formalities. Here are other key benefits of choosing Prakasha for TAN registration in Bangalore. 

• Simplify the process and guide you through the preparation of the application process.
• Help avoid PAN-TAN mismatches and incorrect details, that may lead to delays or rejections.
• Allow clients to concentrate on revenue-generating activities instead 
• Ensure compliance with Section 203A of the Income Tax Act and other regulations. 
• Offer assistance with TDS returns, corrections in challans, and resolving discrepancies post-registration. 
• Give constant updates on TAN validity (lifetime registration) or changes in business structure.

Contact Prakasha & Co. At 

Address: 188/1, Sahakarnagar, Bangalore-92

Phone: +91 7019 827 351

Email: Prakashaandco@gmail.com