Tax Deductor/Collector Account Number (TAN) is a 10-digit unique identifier to be obtained by all entities that are responsible for deducting(TDS) or collecting taxes(TCS). Use Search TAN API to verify and get details for a particular TAN.
Every digit of TAN holds different information about its holder. The first four digits of a TAN are letters whereas the next five digits are numbers and the last digit is again an alphabet. The structure of a TAN can be summarized as follows:
- First 3 digits represent the jurisdictional code;
- 4th digit is the initial letter of the TAN holder’s name (individual or entity);
- The next 5 digits are unique numbers allotted to the TAN;
- The last digit is a randomly allotted letter.
TAN Verification API by Finanvo is an efficient tool that allows organizations to verify the Tax Deduction and Collection Account Number (TAN) of their customers or clients in real-time. TAN is a unique 10-digit alphanumeric number that is allotted to organizations that are responsible for deducting tax at source on behalf of the government. As per the Income Tax Act, it is mandatory for organizations to register for TAN and quote it on all TDS returns filed and TDS payments made.
TAN verification API by Finanvo provides information such as the registered address of the TAN holder and the type of the TAN holder. This can be especially useful for organizations that need to collect and verify TANs from their customers or clients. With the TAN Verification API, organizations can automate their TAN verification process, reducing the need for manual verification, minimizing errors and increasing efficiency. The API is also easy to integrate with existing systems and can be customized to suit the specific needs of the organization.
As per the provision of the Income Tax Act, 1961 Section 203A, this TAN is to be mandatorily mentioned in all these documents: TCS statements, TDS statements, TDS/TCS certificates, Annual Information Return, TDS/TCS payment Challan, and other documents as prescribed. In case the individual responsible for deducting or collecting tax fails to mention the TAN, the TDS or TCS will be rejected by the banks. The refund for the same will also not be made.
When you use Finanvo TAN API, the process is simple and straightforward. All you need to do is provide the TAN, and the system will instantly return a result with the company’s name, address and email id. This can be done within milliseconds, saving your valuable time and efforts.
TAN verification API by Finanvo has been well-tested and trusted by many of our service users. It is designed to be user-friendly and easy to integrate into your existing systems, so you can start using it right away. Our API is designed to save you time, energy, and money while also providing you with instant results, ensuring complete accuracy and reliability.
Problem
- Businesses need to verify the deductors who are deducting TDS on payments toward goods or services sold. TDS fraud can cost millions to businesses.
- Businesses can only verify one TAN at a time by visiting the Income Tax Portal.
Solution
- API to Search the TAN of the deductor and get their details for KYC.
Results
| Field | Description | Example |
| nameOrgn | Name of the TAN Entity | JOHN DOE PRIVATE LIMITED |
| nameLast | Last Name of TAN Entity if Individual | DOE |
| nameFirst | First Name of TAN Entity if Individual | JOHN |
| nameMid | Middle Name of TAN Entity if Individual | JANE |
| addLine1 | Address Line 1 | 1, ABC Lakeview Tower, |
| addLine2 | Address Line 2 | Nr. ABC Tower |
| addLine3 | Address Line 3 | Opp. XYZ |
| addLine4 | Address Line 4 | ABCLMN Lane |
| addLine5 | Address Line 5 | Ahmedabad, India-380015 |
| stateCd | State Code | 9 |
| pin | PIN Code of the address | 380015 |
| phoneNum | Phone Number of the TAN Entity | 9999912345 |
| dtTanAllotment | Date of TAN Allotment | 1499324427000 |
| emailId1 | Email ID corresponding to TAN Entity | [email protected] |
| emailId2 | Alternate Email ID corresponding to TAN Entity | [email protected] |