Quick Summary
TAN is mandatory for any person responsible for deducting or collecting tax at source (TDS/TCS).
TAN is a 10-digit alphanumeric number issued by the Income Tax Department. It is mandatory for deductors/collectors of TDS/TCS to quote TAN in all TDS returns, payment challans, and certificates.
Key Points
- 10-digit alphanumeric code
- Mandatory for TDS deductors
- Quoted in TDS returns and challans
- Different from PAN
- Penalty for non-quoting: ₹10,000