Application Of PAN/TAN
Application of PAN & TAN
We offer seamless and reliable PAN and TAN application services for individuals, businesses, and organizations across India. Whether you're a salaried employee, a freelancer, a business owner, or a government body, obtaining these identification numbers is essential for your tax compliance and financial transactions.
In today’s digitized financial ecosystem, PAN and TAN are indispensable for ensuring transparency and compliance with Indian tax laws. These government-issued identifiers are required for filing taxes, making high-value transactions, and deducting or collecting tax at source.
About PAN (Permanent Account Number)
PAN is a unique 10-digit alphanumeric identifier issued by the Income Tax Department to individuals and entities. It links all your financial transactions and is mandatory for filing income tax returns, investing in securities, opening bank accounts, and more.
Uses of PAN:
• Filing Income Tax Returns (ITR)
• Opening a bank account or Demat account
• Buying or selling property above ₹10 lakh
• Investing in mutual funds or the stock market
• Applying for loans and credit cards
• Receiving payments above specified thresholds
About TAN (Tax Deduction and Collection Account Number)
TAN is a 10-digit alphanumeric number required by individuals or entities who are responsible for deducting or collecting tax at source (TDS/TCS) under the Income Tax Act.
Uses of TAN:
• Required for deducting TDS while making payments such as salaries, professional fees, rent, etc.
• Mandatory for filing TDS returns and issuing TDS certificates
• Helps the Income Tax Department track TDS/TCS transactions
Is PAN/TAN Mandatory?
• PAN: Mandatory for all taxpayers and anyone engaging in specified financial transactions.
• TAN: Mandatory for all deductors and collectors of tax at source (businesses, organizations, and sometimes individuals).
Who Can Apply for PAN & TAN?
PAN:
• Indian citizens (salaried individuals, freelancers, students, senior citizens)
• Non-Resident Indians (NRIs)
• Companies, LLPs, Trusts, NGOs
• Foreign nationals and companies operating in India
TAN:
• Companies and LLPs
• Proprietorship and partnership firms
• Government departments
• Trusts and educational institutions
• Individuals deducting TDS under tax provisions
Application Documents Required
For PAN (Indian Citizens – Individuals):
• Proof of Identity: Aadhaar, Voter ID, Passport, etc.
• Proof of Address: Utility bill, bank statement, Aadhaar, etc.
• Passport-sized photograph
• Date of Birth proof (if applying for individual PAN)
For TAN:
• Proof of identity and address of the applicant
• Company incorporation certificate (for organizations)
• PAN of the deductor
• Application form (Form 49B)
FAQs
1. Can NRIs apply for PAN?
Yes, NRIs (Non-Resident Indians) can apply for a PAN if they are earning income in India or conducting financial transactions that require PAN.
2. How long does it take to get PAN or TAN?
• PAN: Usually issued within 7–15 working days after successful application.
• TAN: Issued in 5–10 working days.
3. What if I lose my PAN or TAN? Can it be reissued?
Yes, we offer services for re-issuance and correction of lost, damaged, or misprinted PAN or TAN cards.
4. Is Aadhaar mandatory for PAN application?
Yes, for Indian citizens, linking Aadhaar with PAN is now mandatory for filing income tax returns and for PAN application.
5. Can one person have more than one PAN or TAN?
No. It is illegal to hold more than one PAN. Similarly, an entity should hold only one TAN for each unique deductor code.
6. What happens if I don’t apply for PAN or TAN when required?
Not having PAN/TAN when required can result in:
• Penalties under the Income Tax Act
• Inability to file returns
• Higher TDS deduction rates
• Transaction rejections in banks and financial institutions
7. Can a minor apply for a PAN card?
Yes, a minor can apply for a PAN card. However, it must be done through a representative assessee (usually a parent or guardian), and the representative's proof of identity and address will be required.
8. What is the validity period of PAN and TAN?
Both PAN and TAN are valid for a lifetime. There is no need for renewal unless there are changes in your details that require an update.
9. Can I correct or update information in my PAN or TAN?
Yes, if there is a mistake (like a spelling error or change in address), you can apply for a correction or update. We provide full assistance in correcting PAN or TAN details.
10. What is Form 49A and Form 49AA?
• Form 49A: For PAN application by Indian citizens/entities
• Form 49AA: For PAN application by foreign citizens/entities
