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PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) are both important identification numbers for taxpayers in India.
PAN card is a unique 10-digit alphanumeric code issued to individuals or entities by the Income Tax Department of India. It is mandatory for individuals and entities to obtain a PAN card for filing income tax returns, opening bank accounts, and making high-value transactions.
On the other hand, TAN is a 10-digit alphanumeric code that is used by business entities to deduct tax from employee salaries and other payments, as well as to collect tax at the source in certain cases.
You can apply for both PAN and TAN numbers if you are eligible to do so. You need a PAN number if you are an individual taxpayer, while a TAN number is mandatory for businesses that are required to deduct tax from employee salaries or collect tax at source from other payments.
To apply for a PAN card, you can visit the NSDL or UTIITSL official website and fill out the application form, or you can go to a TIN facilitation center. You will need to submit a few documents such as proof of identity, proof of address, and proof of age.
You will need to provide details such as your business name, address, and contact information, as well as proof of identity and address.
Here are some key benefits of registering for a PAN and TAN number in India:
For PAN registration:
For TAN registration:
In India, any individual or entity that is eligible to file an income tax return can apply for PAN card. a This includes both resident and non-resident Indians, as well as entities such as companies, partnerships, and trusts.
On the other hand, any entity that is required to deduct tax at source or collect tax at source is required to obtain a TAN number. This includes businesses such as companies, partnerships, and sole proprietorships.
It is important to note that the eligibility requirements and application procedures for PAN and TAN may differ depending on the specific situation and category of taxpayer.
The process of applying for a PAN and TAN card in India is quite straightforward. Here are the general steps involved:
Applying for a PAN card
Applying for a TAN number
Documents required for PAN card
Category of Applicant | Required Documents.
Proof of identity (such as Aadhaar card, driving license or passport), proof of address (such as Aadhaar card, voter ID card or passport), and proof of age (such as birth certificate or school leaving certificate).
HUF (Hindu Undivided Family): Proof of identity and address of the Karta (head of the family).
Companies: Certificate of Incorporation, proof of Address (such as utility bill or bank statement), and identity proof of authorized signatory.
Partnership Firm: Partnership deed, proof of Address (such as utility bill or bank statement), and identity proof of authorized signatory.
LLP (Limited Liability Partnership) : LLP agreement, proof of Address (such as utility bill or bank statement), and identity proof of authorized signatory.
Documents required for TAN number
Category of Applicant | Required Documents
Companies: Certificate of Incorporation, PAN Card, and proof of address (such as utility bill or bank statement).
Partnerships Partnership deed, PAN Card, and proof of address (such as utility bill or bank statement).
Sole proprietorship: PAN Card, and proof of address (such as utility bill or bank statement).
PAN and TAN are essential for tax purposes in India, but there aren’t many additional services that Blacktie Legal Services India LLP can directly offer to individuals for the numbers themselves.
PAN Services:
TAN Services:
Tax Compliance Services:
Information Services:
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