Difference Between PAN and TAN

While PAN stands for Permanent Account Number, TAN stands for Tax Deduction Account Number. TAN is to be obtained by the person responsible who is an taxpayer or runs a business to enable proper deduction of tax, i.e. the deductor.

1. Is Pan and Tan same?
2. Is Pan required for tan?
3. How do you know if a pan is tan?
4. What is difference between tin and tan?
5. What is TDS full name?
6. Is Tan and GST same?
7. Is TDS and TCS Number same?
8. Who needs tan?
9. How many days will it take to get tan number?
10. What is TAN number example?
11. Who issues the TDS certificate?
12. How can I know my PAN card type?

Is Pan and Tan same?

While TAN is a number allocated to tax-deductors, PAN or Permanent Account Number is allotted to taxpayers. ... PAN is issued under section 139A of the Income Tax Act, 1961 and is one of the most important forms of identity for every Indian citizen.

Is Pan required for tan?

TAN should never be quoted in the field where TAN is required to be quoted. ... TAN is a unique identification number which is allotted to persons who are deducting or collecting tax at source on behalf of the Income Tax Department. PAN is a unique number allotted to assessees like individuals, companies etc.

How do you know if a pan is tan?

Log on to the website of www.incometaxindiaefiling.gov.in. Click on the 'services' tab on the left side of the home page and after that, go to an option called 'Know Your PAN'. Then log in by using your User Id and Password after clicking on TAN option. Once you log in, 'Know your TAN page' will appear on the screen.

What is difference between tin and tan?

Number composition: TAN is a ten digit alpha-numeric number, which is assigned to entities that are responsible for collecting and deducting taxes. TIN, on the other hand, is an eleven digit registration number assigned to business enterprises and companies, for whom VAT is applicable.

What is TDS full name?

Income Tax Department > Tax Deducted at Source (TDS)

Is Tan and GST same?

PAN and TAN have 10 digits. TIN has 11 digits, while GSTIN has 15 digits. ... PAN is used as an identifier for financial transactions while TAN is used as an identifier for the collection of taxes. TIN was used to track VAT-related activities, and GSTIN is now used for tracking GST-related activities.

Is TDS and TCS Number same?

TDS is the tax which is deducted on a payment made by a company to an individual, in case the amount exceeds a certain limit. TCS is the tax which is collected by sellers while selling something to buyers. TDS deduction is applicable on payments such as salaries, rent, professional fee, brokerage, commission, etc.

Who needs tan?

Every person who is required to deduct tax at source (TDS) is required to have TAN. Similar to PAN, TAN is a 10-digit alphanumeric number assigned to a tax deductor and collector. The income tax department will issue this number to the person making an application for it.

How many days will it take to get tan number?

Once applied generally, it takes 7-10 working days for TAN allotment by NSDL. However, receipt of a physical TAN letter may take time depending upon the processing time by the department. Once the application for TAN number is made, it is always possible to know your TAN status.

What is TAN number example?

The 5th to the 9th digit is numerical. The 10th digit is again a capital letter. For example, a TAN number should look like PDES03028F. Anyone who is liable to deduct TDS from their payments must get a TAN card which they must then quote when issuing payments or getting TDS returns.

Who issues the TDS certificate?

Form 16/ 16A is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. These certificates provide details of TDS / TCS for various transactions between deductor and deductee. It is mandatory to issue these certificates to Tax Payers.

How can I know my PAN card type?

The PAN (or PAN number) is a ten-character long alpha-numeric unique identifier. The first five characters are letters (in uppercase by default), followed by four numerals, and the last (tenth) character is a letter. The fourth character identifies the type of holder of the card.