PAN AND TAN

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What are the main differences between TAN and PAN? what is DIN and TIN?

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PAN (Permanent Account Number) is a ten-digit alphanumeric identifier, issued by Income Tax Department. Each assessee (e.g. individual, firm, company etc.) is issued a unique PAN.

TAN (Tax deduction & collection Account Number) is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in all TDS/TCS returns (including e-TDS/TCS return), TDS/TCS payment challans and TDS/TCS certificates.

Director Identification Number (DIN) : 
The Ministry of Company Affairs (MCA) has launched a major e-Governance initiative ‘MCA 21’. It envisages e-filing of all documents related to company matters on the MCA portal. Director Identification Number (DIN) is a unique identification number for an existing director or a person intending to become the director of a company. In the scenario of e-filing, DIN will be a pre-requisite for filing of certain company related documents.

Who should apply for DIN?
-
Any person who is a director of a company or any who one intends/proposed to be a director of company in future needs to apply for DIN
- As per the recent amendment in the Companies Act ,1956 ,DIN has become mandatory for all the directors
- DIN is individual specific and not company specific, so only one DIN is required per director/person

Fees for applying DIN :
There is no fees for the purpose of applying DIN.

Documents required for applying DIN:
1. Identity Proof (Any one of the following)
PAN Card / Driving License / Passport / Voter Id Card


2. Residence Proof (Any one of the following)
Driving License /  Passport / Voter Id Card / Telephone Bill  / Ration Card / Electricity Bill / Bank Statement /

3. Colored Photo Graph


Following persons can attest the annexure required with the DIN application:
a) Gazzetted officer
b) Notary
c) Practicing CS/CA/ICWA
d) Company Secretary in employment


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