Why is it necessary to have TAN (Tax Deduction and Collection Account Number)?

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1

Why is it necessary to have TAN (Tax Deduction and Collection Account Number) and who should apply for it?

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Any entity which is deducting tax should apply for it. These entities have to quote the TAN when filing the quarterly returns (Form 24 Q and Form 26 Q)

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3

Thanks @mohanjacob for clarifying my query.

Chitra.

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