Here are the major reasons why people opt for this service:
Do I need one for my company?
A TAN number is required for all organisations that withhold tax at source in order to carry out the deduction procedure on behalf of the government and make deposits to the appropriate account.
Every person who is liable to deduct tax at source or collect tax at source
Any company, proprietor, or government body that pays salaries, dividends, interests and commissions
01
It provides a unique number with lifetime validity.
02
TDS deduction is mandatory after specified limits of payments.
03
Tax payee has an opportunity to know how much tax has been paid by them.
04
Tax payee can use the TDS certificate as proof of tax paid.