Section 203A & Rule 114A - Tax deduction and collection account number (TAN Number) - Income Tax - Ready Reckoner - Income Tax

Tax deduction and collection account number - Section 203A Rule 114A Every person, deducting tax or collecting tax in accordance with the provisions of this Chapter, who has not been allotted a tax deduction account number or, a tax collection account number, shall, within one month of the end of the month in which tax was deducted, apply to the Assessing Officer for the allotment of a tax deduction and collection account number . [ Section 203A(1) ] An application under section 203A(1) for the allotment of a tax deduction and collection account number shall be made in duplicate in Form No. 49B. [ Rule 114A(1) ] Where in case the above said tax deduction/collection account number has been allotted to a person, such person shall quote such number - ( a ) in all challans for the payment of any sum in accordance with the provisions of section 200 or section 206C(3) ; ( b ) in all certificates furnished under section 203 or section 206C(5) ; (c) in all the statements prepared and delivered u/s 200(3) or u/s 206C(3) ( d ) in all other documents pertaining to such transactions as may be prescribed in the interests of revenue. [ Section 203A(2) ] Non requirement to obtain TAN in notified cases The provisions of this section shall not apply to such person, as may be notified by the Central Government in this behalf. Penalty for failure to comply with the provisions of section 203A [ Section 272BB ] Penalty under section 272BB would be imposable of Rs.10,000 for If a person fails to comply with the provisions of section 203A, If a person who is required to quote his TAN in the challans or certificates or statements or other documents referred to in section 203A(2), quotes a number which is false, and which he either knows or believes to be false or does not believe to be true. No order under section 272BB(1) or (1A) shall be passed unless the person on whom the penalty is proposed to be imposed is given an opportunity of being heard in the matter. Such penalty imposable by Assessing officer.