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vat ragistration

AIJAZ SHEIKH (Student) (68 Points)

09 June 2010

Hi friends

plz give me information regarding ragistration of TIN Number

& how much sale turnover is required & Which form should be filed

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2 Replies

CA Shree Jain (Chartered Accountant) (1572 Points)
Replied 09 June 2010

FAQ RALATED TO TAN

What is the procedure to obtain a TAN?

An application for allotment of TAN is to be filed in Form 49B and submitted to any TIN-FC. Addresses of TIN-FCs are available at NSDL-TIN website. Alternatively, you can apply for TAN online at the NSDL-TIN website.

From where can I obtain Form 49B?

Form 49B is freely downloadable from NSDL-TIN website. It is also available at TIN-FCs. Legible photocopies of Form 49B or forms legibly printed exactly as per the format prescribed by ITD are also allowed to be used.

Who will allot TAN?

TAN is allotted by the Income-tax Department on the basis of the application submitted online at NSDL-TIN website or to TIN-FCs managed by NSDL. NSDL will intimate the TAN to the applicant at the address provided in the application.

Can an application for TAN be made on a plain paper?

No. TAN Application can be made only on Form 49B. The application form can be downloaded from ITD website or NSDL-TIN website or may be obtained from any other source. The application is also available at TIN-FCs.

Can Form 49B be filled on a typewriter?

Yes. But typing should be in capital letters with good impression.

What documents should be submitted alongwith the TAN application?

No documents are required to be submitted along with the application for allotment of TAN. However, where the application is being made online, the signed acknowledgment which is generated after filling up the form should be forwarded to NSDL. Detailed guidelines for submission of application are available on NSDL-TIN website.

Is a separate TAN required to be obtained for the purpose of Tax Collection at Source (TCS)?

No. TAN which was allotted for Tax Deduction at Source (TDS) can be used for the purpose of TCS. However, if no TAN has been allotted, a duly filled in Form 49B, alongwith the application fees should be submitted at any TIN-FC.

What if incomplete form 49B is submitted?

If you are submitting the form at a TIN-FC, the TIN-FC will assist you in correctly filling up Form 49B. Incomplete or deficient applications will not be accepted.

Are there any charges to be paid while submitting application for TAN?

A fee of Rs. 55 + service tax (as applicable) should be paid as processing fee at the TIN-FC at the time of submitting Form 49B. If you are applying for TAN online, then the payment can be made vide cheque, demand draft or credit card as per the guidelines given in the NSDL-TIN website.

How will the new TAN number be intimated to the applicant?

An allotment letter is dispatched by NSDL at the address provided in Form 49B.

How can I enquire about the status of my application?

You can inquire the status of your application by accessing NSDL-TIN website at the "Status track" option and quoting your unique 14-digit acknowledgement number after three days of your application.

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CA Shree Jain (Chartered Accountant) (1572 Points)
Replied 09 June 2010

Frequently Asked Questions

Q1. What is TAN?
Ans : TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in TDS/TCS return (including any e-TDS/TCS return), any TDS/TCS payment challan and TDS/TCS certificates.

Q2. Who must apply for TAN?
Ans : All those persons who are required to deduct tax at source or collect tax at source on behalf of Income Tax Department are required to apply for and obtain TAN.

Q3. Why to apply for TAN?
Ans: The provisions of section 203A of the Income-tax Act require all persons who deduct or collect tax at source to apply for the allotment of a TAN. The section also makes it mandatory for TAN to be quoted in all TDS/TCS returns, all TDS/TCS payment challans and all TDS/TCS certificates to be issued. Failure to apply for TAN or comply with any of the other provisions of the section attracts a penalty of Rs. 10,000/-.

Q4. Why is it necessary to have TAN?
Ans :TAN is required to be quoted in all TDS/TCS returns, all TDS/TCS payment challans and all TDS/TCS certificates to be issued. TDS/TCS returns will not be received if TAN is not quoted and challans for TDS/TCS payments will not be accepted by banks. Failure to apply for TAN or not quoting the same in the specified documents attracts a penalty of Rs. 10,000/- .

Q5. How to apply for TAN?
Ans :An application for allotment of TAN is to be filed in Form 49B and submitted at any of the TIN Facilitation Centres meant for receipt of e-TDS returns. Addresses of the TIN FC are available at www.incometaxindia.gov.in or https://tin.nsdl.com.

Q6. Who will allot TAN?
Ans : TAN is allotted by the Income Tax Department on the basis of the application submitted to TIN Facilitation Centres managed by NSDL. NSDL will intimate the TAN which will be required to be mentioned in all future correspondence relating to TDS/TCS.

LIST OF TIN FACILITY CENTRES

Q7. Can an online application be made for allotment of TAN?
Ans : Yes. The application can be made online through https://tin.nsdl.com

Q8. Can an application for TAN be made on a plain paper?
Ans : No. TAN Application can be made only on Form 49B. The application form can be downloaded from the website of the Income Tax Department (www.incometaxindia.gov.in)or NSDL (https://tin.nsdl.com ) or printed by local printers or obtained from any other source. The application is also available at TIN Facilitation Centres.

Q9. Can form 49B be filled on a typewriter?
Ans : Yes. But typing should be in capital letters with good impression.

Q10. What are the documents that need to accompany the TAN application?
Ans : No documents are required to be filed with the application for allotment of TAN. However, where the application is being made online, the acknowledgment which is generated after filling up the form will be required to be forwarded to NSDL. Detailed guidelines for the procedure are available at https://tin.nsdl.com

Q11. What if incomplete form 49B is submitted?
Ans : The TIN Facilitation Centre will assist the applicant to correctly fill up Form 49B but shall not receive incomplete or deficient application.

Q12. What is the fee for filing application for TAN?
Ans : The applicants for TAN are to pay Rs.50/- + service tax (as applicable) as processing fee at the TIN FC at the time of submitting Form 49B.

Q13. How will the new TAN number be intimated to the deductor?
Ans : NSDL will ensure intimation of new TAN at the address indicated in the Form 49B or against the acknowledgement in case of online applications for TAN.

Q14. How can a deductor know his TAN if he has an old TAN, or if he has earlier applied for TAN but hasn’t got TAN?
Ans :TIN Facilitation Centres will help the deductors in ascertaining their correct TAN from the database. TAN can also be verified from the information on the website of Income Tax Department at www.incometaxindia.gov.in. There is a search engine to find new TAN against old TAN or to find new TAN against name and address of the deductor.

Q15. What happens in a situation where a deductor does not have TAN or has a TAN in old format?
Ans :The deductor will have to file an application in Form 49B at the TIN Facilitation Centre along with application fee (Rs 50/-+ service tax as applicable) for TAN.

Q16. Is it necessary to apply for different TAN if a deductor has to deduct tax from different types of payments like salary, interest, dividend etc.?
Ans :No. TAN once allotted can be used for all type of deductions. It can also be used in case tax is being collected at source also.

Q17. Is a separate TAN required to be obtained for the purpose of Tax collection at Source?
Ans :In case a TAN has already been allotted, no separate application needs to be made for obtaining TAN. The same number can be quoted in all returns, challans and certificates for TCS. However, if no TAN has been allotted, a duly filled in Form 49B, alongwith the application fees is to be submitted at any TIN-FC.

Q18. Should Government deductors apply for TAN?
Ans : Yes.

Q19. In case of multiple DDOs, should all of them apply for TAN?
Ans : Yes. The name of the Division; name and location of branch or the designation of the person responsible for deducting/collecting tax, whichever is applicable, should be clearly given in the application for allotment of TAN.

Q20. Can branches of companies/banks have separate TANs?
Ans :Yes. The name and location of branch or the designation of the person responsible for deducting/collecting tax, whichever is applicable, should be clearly given in the application for allotment of TAN.