PAN/TAN MAKING

A Permanent Account Number or PAN card is an important document in India. You’ll need it to file income tax returns, to make payments above Rs. 50,000, and even to open a bank account. TAN is allotted by the Income Tax Department .When filing for Tax Deducted at Source (TDS) or Tax Collected at Source (TCS), quoting TAN is a pre-requisite. As a 10-digit alpha-numeric identifier for individuals or entities that deduct or collect tax at source, TAN helps in streamlining the deduction and collection of tax at source.

A Permanent Account Number or PAN card is an important document in India. You’ll need it to file income tax returns, to make payments above Rs. 50,000, and even to open a bank account. A PAN card is a valid proof of identity in India and it can be issued to citizens of India (including minors), non-resident Indians (NRIs), and even foreign citizens. The procedure for application varies for these categories of people but if you are an Indian citizen and wondering how you can apply for PAN card online, we will give an answer in this guide.

These steps are for individuals only, and not for other categories under which a PAN card can be issued, such as an association of persons, body of individuals, company, trust, limited liability partnership, firm, government, Hindu undivided family, artificial juridical person, or local authority.

When filing for Tax Deducted at Source (TDS) or Tax Collected at Source (TCS), quoting TAN is a pre-requisite. As a 10-digit alpha-numeric identifier for individuals or entities that deduct or collect tax at source, TAN helps in streamlining the deduction and collection of tax at source.

The Income Tax Department allots TAN. On behalf of the Income Tax Department, TIN-NSDL and TIN facilitation centres furnish TAN to businesses/firms and individuals.

TAN – application for allotment and application for change or correction.

1. Application for allotment of new TAN: The application can be made online on the NSDL-TIN website or downloaded to submit it offline. It asks for details like name, address, contact number, nationality, PAN, existing TAN etc. Applicants need to pay a TAN application processing Fee.

2. Application for change or correction in TAN data for allotted TAN: The change or correction form requires details like the 10-digit TAN, category of the deductor, name, address, nationality, PAN, and TAN(s), if allotted. It also has rows to mention the changes/correction required. Applicants need to prove allotment of TAN by submitting TAN allotment letter issued by Income Tax Department or a print out of the TAN details.