Need A Financial Product Forums Tax Savings What is the TAN number?

This topic contains 1 reply, has 2 voices, and was last updated by  Namrata 2 years, 7 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #47506

    Namrata
    Member

    What is the TAN number?

    #47507

    Kiran Verma
    Member

    TAN is the Tax deduction and collection account number, which happens to be a 10 digit number issued by the income tax department to every individual as well company, which cash out payments to others. When a company undertakes a payment procedure, tax is subtracted from the company’s side (it is actually tax deduction at the source). It is then put in a government account by the tax department of India. Whichever companies that subtract this tax amount need to possess a TAN number recognizing them.?It is quite similar to the PAN number which is issued by the government to the citizens of the country.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.

About Us

Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...

GET IN TOUCH WITH US

Elite Wealth Advisors Ltd.
S-8, DDA Shopping Complex,
Near Jeevan Anmol Hospital,
Mayur Vihar Phase-1, Delhi-110091.
Phone No: 011-42445800
Email : connect@simplypaisa.com