PAN, TAN Application
PAN refers to the Permanent Account Number & TAN refers to the Tax deduction Account Number. The basic function of PAN is to prevent tax avoidance by keeping a complete track of monetary transactions. Whereas TAN enables the assessee who has paid tax to claim the tax deducted in their Income tax return. The Income tax department issues both the numbers against the application by the assessee in the prescribed form i.e., Form 49A for PAN and Form 49B for TAN.
PAN is required while preparing and filing Income Tax Return. Therefore every assessee should hold a PAN whereas TAN is required for those who are accountable for paying tax from the amounts paid or payable as per the income tax act and to be quoted in TDS remittance challans, TDS certificate, and periodical return to be filled with the Income tax department.
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PAN APPLICATIONS FORM |
DESCRIPTION |
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Form 49A |
To be filled by Indian Citizens, Entities incorporate in India and Indian Companies, Unincorporated entities formed in India |
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Form 49A |
Change/Correction in PAN |
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Form 49AA |
Only Foreigner PAN apply Form |
The new application form is useful for applicants who require a fresh PAN and have not been allotted one before. A duly filled and signed PAN application form along with supporting documents can be submitted to any TIN-FCs or PAN Centers managed by Income Tax Department.
For PAN Registration :
For TAN Registration:
Applicants are not required to submit any documents while applying for a TAN. The only thing they need to submit is the signed acknowledgement slip.
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PAN APPLICATION : Rs. 299 |
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TAN APPLICATION : Rs. 299 |
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PAN & TAN APPLICATION : Rs. 599 |
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