What is the Diff. between TAN No. & PAN No.?
What is their usage ?
PAN IS PERMANENT ACCOUNT NUMBER AND IS USED FOR INCOME TAX PURPOSES.
TAN IS TAX DEDUCTION ACCOUNT NUMBER AND IS USED FOR TDS PURPOSES.
SUPPOSE YOU HAVE TO DEDUCT TAX OF CERTAIN ENTITY/PERSON/ANYONE, THEN YOU MUST HAVE "TAN" TO DO THAT.
SUPPOSE SOMEONE HAS DEDUCTED YOUR TDS AND YOU HAVE TO FILE RETURN TO CLAIM THAT, THEN YOU MUST HAVE "PAN" TO DO THAT.
PAN IS QUOTED ON INCOME TAX RETURNS, WHEREAS TAN IS QUOTED ON TDS RETURNS.
HOPE YOU GAIN SOME KNOWLEDGE.
REGARDS,
CA RITESH KOTHARI
Good answer
THANKS
Thanks,I Understand.
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