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PAN Card & TAN Number

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.

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Who is eligible for PAN Card and TAN Number ?

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.

What are the benefits of PAN Card and TAN Number ?

Here are some key benefits of registering for a PAN and TAN number in India:

For PAN registration:

  1. It acts as a unique identification number for individuals and entities, needed for activities like opening a bank account and buying/selling property.
  2. It’s mandatory for filing income tax returns.
  3. Required for high-value transactions.
  4. Having a PAN card can improve your credit score.

For TAN registration:

  1. It’s necessary for entities that deduct or collect tax at the source.
  2. Helps avoid penalties for not having a TAN.
  3. Required for business.
  4. Ensures compliance with tax laws.

Apply for both of PAN Card and TAN Number ?

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.

What is the process of PAN Card and TAN Number ?

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

  1. Visit the NSDL or UTIITSL official website or go to a TIN-facilitation center.
  2. Fill out the application form.
  3. Upload the required documents such as a proof of identity, proof of address, and proof of age.
  4. Pay the fee (if applicable) to complete the application process.
  5. After submitting the application, you will receive an acknowledgement receipt with a unique 15- digit acknowledgement number.
  6. You can track the status of your application using the acknowledgement Once the PAN card is generated, it will be mailed to your registered address.

Applying for a TAN number

  1. Visit the TIN-FC website.
  2. Fill out the application form, providing details such as your business name, address and contact information, as well as proof of identity and address.
  3. Submit the application along with the applicable fees.
  4. After submitting the application, you will receive an acknowledgement receipt with a unique 14- digit acknowledgement numer.
  5. You can track the status of your application using the acknowledgement Once the TAN number is generated, it will be mailed to your registered address.

What is required documents for applying for a PAN card and 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).

What we can offer ?

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:

    • Help with applying for a new PAN card or correcting existing information.
    • Assisting individuals in finding their AO Code (jurisdiction code).
    • Offering guidance on how to use the online PAN services provided by the Income Tax Department.

TAN Services:

    • Helping businesses apply for a new TAN or make corrections to existing information.
    • Providing guidance on filing TDS/TCS returns.

Tax Compliance Services:

    • Offering tax filing services for individuals or businesses that require them.
    • Providing general tax advice and guidance.

Information Services:

    • Keeping clients updated on any changes to PAN or TAN regulations.
    • Providing resources and information on tax-related topics.

Why Choose Black Tie legal Services

We have a team of 100+ Professionals

Commitment of 100% Client Satisfaction

50,000+ Clients in PAN India