TAN is a unique number allotted to entities responsible for deduction or collection of tax at source. If a TAN is no longer needed (e.g., after certain transactions, if multiple TANs have been allotted, or if the business is closing or the operations of the branches have been centralized), TAN Number can be surrendered by making an application for cancellation to the jurisdictional Assessing Officer.
The Surrender application is to bemade in the form “Changes or Correction in TAN data” and the application can be done online through either tin-nsdl.com or offline.
Common Situations when TAN is surrendered.