Having a valid TAN number is essential for all businesses and individuals who deduct Tax at source. It helps in tracking TDS payments, and non-compliance that can lead to heavy penalties. TAN verification helps check the legitimacy of the TAN and confirms that it is linked to a valid account. It provides protection against the fraud. In this guide, you will get an easy step-by-step process and methods for verification.
What is the TAN Number?
TAN (Tax Deduction and Collection Number) is a set of 10-digit alphanumeric codes. The Income TAX department issued TAN to individual and businesses that deduct or collect TDS. TAN helps in tracking TDS/TCS-related transactions. It is mandatory for individuals and businesses to have a valid TAN. Because, without it you will not be able to deduct or collect tax legally.
TAN Format:
A TAN consists of 10 alphanumeric codes:
Example: DELM12345G
- The first 4 letters represent the state city or region code.
- The next 5 characters are numeric digits.
- The last character contains a single letter.
Importance of TAN Verification
- Helps check the legitimacy: TAN verification confirms that the entity is registered to deduct or collect tax. It helps in verifying the credibility of the business in financial dealings.
- Prevents the use of fake or invalid TAN numbers: It’s helps in identifying fake TANs. Timely detection of fake TANs prevents organizations from scams and tax-related complications.
- Helps in verification of deductor: TAN Number verification helps in cross-checking whether the business deducting tax is legit or not during onboarding.
- Avoid Penalties and Legal Issues: Incorrect or unverified TANs can cause penalties. Online TAN verification reduces the risk of legal troubles.
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Things You Need to Verify TAN Number
- A valid Phone Number
- Deductor TAN or Name
- State
Simple Methods for TAN Number Verification Online
You can do online TAN Number Verification through the e-Filing Portal, GeM, and through Verification API.
Through e-Filing Portal
Follow these steps to verify TAN by e-Filing Portal:
TAN Number Verification Via Name
- Visit the e-Filing Portal.
- Under Quick Links, click on Know your TAN.
- On Know Your TAN Details, In TAN Search, click on the Name Tab
- Select the category of deductor, name, mobile number, and state
- Click on continue.
- Enter the OTP received on the mobile number.
- Click on validate.
- Select the TAN deductor from the TAN details table.
- Get the details.
Company TAN Number Verification via TAN
- Visit the e-Filing Portal.
- Under Quick Links, click on Know your TAN.
- On Know Your TAN Details, In TAN Search, click on TAN.
- Fill required details and click on Continue.
- Enter the OTP.
- Click on Validate.
- Get Verification details.
Through GeM
You can verify the TAN through the GeM portal just following these steps:
- Visit the GeM website.
- Click on Login and enter the required details (User ID, Captcha, and click on Submit).
- Enter your Password and Click on Submit.
- Click on Yes on the pop-up.
- In TAN Verification, click on Add new TAN.
- Fill details and click on Add and verify TAN.
- Get verified details.
Through TAN Verification API
You can easily verify the TAN Number in real-time with Surepass TAN Verification API. Just follow these steps:
Enter the TAN Number in the API.
Get the following details for verification:
- Full Name.
- Company Name.
- Registered Address.
- Types of TAN Holder.
- Email Address.
How to Verify Bulk TANs?
Businesses verify bulk TANs through the Surepass TAN Verification API. Surepass offers bulk TAN and PAN verification services that help businesses verify multiple PANs instantly. Just by uploading the list of the TANs. It provides accurate details, ensures accuracy, and streamlines the verification process.
Benefits of TAN Number Verification
- TAN number verification helps in ensuring that business deducting or collecting tax is registered.
- Verifying TAN helps in the detection of fake or invalid TANs. The identification will avoid the chances of dealing with illegitimate companies. It simplifies the vendor onboarding process.
- Verified TAN details reduce the chances of errors while Filing Tax returns and ease the processing process.
Conclusion
Verifying TAN is essential for any individual and business involved in tax deductions or collections. Tax Deduction and Collection Account Number Verification online helps in compliance with tax regulations, prevents fraud, and avoids penalties. You can do individual or company TAN verification through the e-Filing Portal, GeM, and API. You can follow the above step-by-step guide.
FAQs
What is TAN Full Form?
The full form of TAN is Tax Deduction and Collection Account Number.
How do you verify a TAN Number?
Visit the e-Filing Portal > click Know your TAN > Login with ID and Password > In TAN search Tab > select name > select the deductor category > click on continue > enter OTP > Click on validate.
How to verify the TAN Number of a company?
You can verify the TAN Number from the e-filing portal and through the TAN Verification API.
How to identify the state from the TAN Number?
The first three characters of the TAN Number represent the state.
Vijay Kandari
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