TAN stands for Tax Deduction and Collection Account Number. It is a unique ten-digit alphanumeric code issued by the Income Tax Department in India to entities or individuals who are required to deduct or collect taxes on behalf of the government.
Here are some key points to understand about TAN:
TAN is an essential identification number for entities responsible for deducting or collecting taxes on behalf of the government. It ensures proper accountability and enables the Income Tax Department to monitor tax compliance effectively.
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