Quick Answer: Is Pan And Tan Same?

What’s a PAN number?

A permanent account number (PAN) is a ten-character alphanumeric identifier, issued in the form of a laminated “PAN card”, by the Indian Income Tax Department, to any “person” who applies for it or to whom the department allots the number without an application.

A PAN is necessary for filing income tax returns..

What is tan math?

more … In a right angled triangle, the tangent of an angle is: The length of the side opposite the angle divided by the length of the adjacent side. The abbreviation is tan.

What is TIN number in India?

TIN. in India is called Permanent Account Number (PAN). Individual is not allotted PAN automatically. He/she has to apply for PAN.


Permanent Account NumberHowever, on the PAN card, your name will appear in the sequence of ‘First name Surname’. The Permanent Account Number (PAN) card is an important document for conducting even the most simplest of financial transactions like opening a savings bank account, applying for a debit/credit card and so on.

What is TIN number in income tax?

A Taxpayer Identification Number (TIN) is an identification number used by the Internal Revenue Service (IRS) in the administration of tax laws. … A Social Security number (SSN) is issued by the SSA whereas all other TINs are issued by the IRS.

What is TAN number and PAN number?

While TAN is a number allocated to tax-deductors, PAN or Permanent Account Number is allotted to taxpayers. PAN is also a 10-digit identity number that is mandated by the Income Tax Department for any individual who carries out financial transactions or pays the Income Tax.

What is tan card?

TAN Card or TAN stands for Tax Deduction and Collection Account Number. TAN registration is mandated for businesses deducting tax at source and is required to be quoted in TDS or TCS return.

Who needs tan?

Tax Deduction Account Number or Tax Collection Account Number is a 10-digit alpha- numeric number issued by the Income-tax Department (we will refer to it as TAN). TAN is to be obtained by all persons who are responsible for deducting tax at source (TDS) or who are required to collect tax at source (TCS).

What is TAN number example?

The structure of the TAN is as follows: the first four letters are Alphabetic the next five letters are numeric characters and the last is an alphabet. Example – ABCD12345E. The first three characters represent the city or state where the TAN is issued.

What is natural tanning?

Sun tanning or simply tanning is the process whereby skin color is darkened or tanned. It is most often a result of exposure to ultraviolet (UV) radiation from sunlight or from artificial sources, such as a tanning lamp found in indoor tanning beds.

What does Pan stand for?

Personal Area NetworkStands for “Personal Area Network.” A PAN is network of connected devices used by one person. It allows devices such as computers, tablets, smartphones, and smartwatches to communicate with each other. A PAN may incorporate a number of different connections, including Ethernet, Wi-Fi, and Bluetooth.

What is the full form of tan?

Tax Deduction and Collection Account Number (TAN) TAN is a ten-digit alphanumeric number which has to be quoted by the proprietor on TDS returns and payments and any communication on TDS with the income tax department.

Can we apply tan online?

TAN / TAN Online You can apply for TAN online at the NSDL-TIN website. You can then fill and submit the form online. … Payment can be made by DD/cheque, payable at par in Mumbai, favouring NSDL-TIN or by Credit card / Debit card or Net banking.

Is Pan required for tan?

Firms don’t need address proof now. The Central Board of Direct Taxes is considering making PAN mandatory as a requirement for allotting Tax Deduction Account Numbers (TAN) to companies that deduct tax at source, according to a report by the Comptroller and Auditor General (CAG).

Is tin and Tan same?

Differences Between TAN And TIN Both TAN and TIN are tax identification numbers. However, while the Taxpayer Identification Number (TIN) is beneficial for both the state and the entity, the Tax Deduction and Collection Account Number (TAN) is assigned to companies and financial institutions.

How do you find tan using a pan?

The detailed process involved to know one’s TAN is as mentioned below:Visit www.incometaxindiaefiling.gov.in.Click on ‘Know Your TAN’Select ‘Name’ or ‘TAN’ under the ‘TAN Search’ option.Select ‘Category of Deductor’Select ‘State’Provide ‘Name’ or ‘TAN’ depending on the option selected under ‘TAN Search’More items…

How can I get a tan card?

How to Apply of TAN?Visit www.tin-nsdl.com/index.html.Select ‘TAN’ under the ‘Services’ dropdown.Click on ‘Apply Online’Select ‘New TAN’On the new page, choose from the list ‘category of deductors’ and click on ‘Select’In doing so, you are redirected to Form 49B.Fill in the form and click ‘Submit’More items…

Can a company have 2 tan?

Duplicate TAN is a TAN which has been inadvertently obtained by a same person who is responsible for deducting/collecting tax and who already has a TAN allotted to him earlier. It is illegal to possess or use more than one TAN. Different branches/divisions of an entity may, however, have separate TAN.

What is Pan card use?

A PAN card helps the Income-tax Authority in keeping a track of all financial transactions that may be essential in assessing an individual or companies tax liability, it helps in reducing the chances of tax evasion. … The PAN number is unique to every entity who holds a PAN card.

How long does it take to get a tan number in India?

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.