Description

📑 PAN & TAN – Essential Tax Identifiers in India

Understanding and securing PAN (Permanent Account Number) and TAN (Tax Deduction/Collection Account Number) is crucial for individuals and businesses to stay compliant with Indian tax laws. Here’s what you need to know:

🧾 What is PAN?

PAN (Permanent Account Number) is a 10-digit alphanumeric number issued by the Income Tax Department. It serves as a universal identifier for all financial and tax-related transactions in India.

🔍 Why is PAN Important?

• 📥 Tax Payment & Refunds: Required for filing income tax returns, paying taxes, and receiving refunds.
• 💬 Communication: Essential for correspondence with the Income Tax Department.
• 🔗 PAN-Aadhaar Linking: It is mandatory to link PAN with Aadhaar for continued validity. If you don’t have a PAN, you must apply for one.
• 💸 Financial Transactions: PAN is mandatory for high-value transactions, such as:
  • Opening a bank account
  • Buying or selling property
  • Deposits above ₹50,000
• 🧾 Proof of Identity: PAN is accepted as valid government-issued ID.

🔧 Need PAN? GST Suvidha Centres can assist you in applying for a new PAN quickly and efficiently.

🧾 What is TAN?

TAN (Tax Deduction and Collection Account Number) is a 10-digit alphanumeric number required by all entities responsible for deducting or collecting taxes at source under TDS or TCS provisions.

🔍 Why is TAN Necessary?

• ✅ Mandatory for TDS/TCS Filers: Any person or entity deducting or collecting tax at source must obtain TAN.
• 🧾 Depositing Tax: TAN must be quoted while depositing TDS using Challan 281.
• 📜 TDS Returns & Certificates: Required for filing TDS returns and issuing TDS certificates (Form 16/16A).
• 🔎 Unique Identification: Each tax deductor/collector is uniquely identified through their TAN.

🔁 Procedure for Tax Deposit using TAN:

1. Use Challan 281 for depositing TDS/TCS.
2. Quote the correct 10-digit TAN, along with name and address.
3. Use separate challans for different types of payments or sections.

⚙️ Need TAN? GST Suvidha Centres help in applying and securing TAN without hassle.

🧾 Summary Table

Feature	PAN	TAN
Full Form	Permanent Account Number	Tax Deduction/Collection Account Number
Format	10-digit alphanumeric	10-digit alphanumeric
Issued By	Income Tax Department	Income Tax Department
Purpose	Identification for tax and financial transactions	Identification for TDS/TCS deduction/collection
Applicability	Individuals, companies, firms, etc.	Entities deducting or collecting TDS/TCS
Required For	Filing ITR, high-value transactions, investments, etc.	Filing TDS returns, depositing TDS, issuing Form 16
Issuance Support	GST Suvidha Centres	GST Suvidha Centres

For easy registration of PAN and TAN, visit your nearest GST Suvidha Centre or contact us online. We offer fast, reliable, and government-authorized services.

Required Documents

•  Aadhar Card ( front & back) ( PDF file less than 50 KB size more than 150 x 130 pixel)
• Scanned copy of signature ( JPEG less than 50 KB size more than 150 x 130 pixel)
• Email Id
• Mobile No linked with Aadhar Card
• Word No if municipality area
• Coloured Passport Photo (JPG less than 50 Kb size more than 150 x 13 pixel)