PAN Application
Permanent Account Number (PAN) Application In India
A Permanent Account Number (PAN) Is A Ten-Digit Alphanumeric Number Issued By The Income Tax Department Of India. It Acts As A Unique Identifier For Income Tax Purposes And Is Mandatory For Various Financial Transactions In India.
Types Of PAN Applications
- New PAN Application: This Is For Individuals Or Entities Who Do Not Currently Possess A PAN Card.
- Change/Correction In Existing PAN Data: This Allows Updating Existing Information On Your PAN Card, Such As Name, Address, Or Date Of Birth Etc.
Documents Required For PAN Application
The Documents Required For A PAN Application May Vary Depending On The Applicant Category (Individual, Company, Etc.). Generally, You Will Need:
- Proof Of Identity (Aadhaar Card, Passport, Voter ID Etc.)
- Proof Of Address (Aadhaar Card, Utility Bills, Bank Statements Etc.)
- Proof Of Date Of Birth (Birth Certificate, School Leaving Certificate Etc.)
- 2 Photographs
TAN Application
TAN Application In India
What Is TAN?
TAN Stands For Tax Deduction And Collection Account Number. It’s A 10-Digit Alphanumeric Number Issued By The Income Tax Department Of India. Individuals Or Entities Responsible For Deducting Tax At Source (TDS) On Certain Payments Need To Obtain A TAN.
Why Apply For A TAN?
A TAN Is Mandatory For Filing E-TDS Returns (Electronic Filing Of Tax Deducted At Source). You’ll Need It To Deduct Tax At Source While Making Specific Payments Like Rent, Interest, Professional Fees, Etc. Additionally, Many Banks Require A TAN For TDS-Related Transactions.
Required Documents
- PAN Card Copy Of The Applicant (Individual Or Entity)
- Proof Of Address For The Registered Office (Electricity Bill And Utility Bill)
- Legal Document (Like Partnership Deed, COI, Etc.)
