PAN/TAN Service
PAN (Permanent Account Number) is a unique 10-digit code issued by the Income Tax Department, mandatory for financial transactions, income tax filings, and high-value purchases. It ensures tax compliance for individuals and businesses. TAN (Tax Deduction and Collection Account Number) is a 10-digit code required for businesses deducting or collecting tax at source (TDS/TCS) and is essential for filing TDS/TCS returns, especially for entities making salary or contractor payments.
FAQ
Secure Your Financial Identity, Simplify Your Tax Filings with PAN & TAN!
PAN Services are essential for:
- Individuals filing income tax returns or making high-value financial transactions.
- Salaried professionals, freelancers, and business owners who need to declare their income to the tax authorities.
- Non-residents, NRIs, and expatriates with taxable income in India.
- Businesses and organizations involved in financial transactions or seeking to open a bank account.
TAN Services are required for:
- Businesses and companies required to deduct or collect tax at source for payments made to employees, vendors, or contractors.
- Firms, LLPs, government agencies, and organizations involved in salary payments, contract payments, interest payments, and similar transactions that require TDS/TCS.
- Entities filing TDS/TCS returns on a quarterly basis with the Income Tax Department.
Mandatory for Financial Transactions
PAN is essential for opening bank accounts, filing tax returns, and making high-value transactions like property purchases and investments.Ensures Legal Compliance
TAN is mandatory for businesses involved in tax deduction or collection, ensuring compliance with TDS/TCS rules and regulations.Seamless Tax Filing
PAN allows individuals and businesses to file their income tax returns, claim refunds, and track tax liabilities.Avoid Penalties
Proper TAN registration helps businesses avoid penalties for non-compliance with TDS/TCS regulations.Simplifies Business Operations
Having a PAN/TAN ensures your business can smoothly handle payroll, vendor payments, and other transactions requiring tax deduction.
For PAN (Individual Applicants):
Proof of Identity
- Aadhaar Card, Passport, Voter ID, or Driving License.
Proof of Address
- Utility bill, Aadhaar Card, bank statement, or passport.
Proof of Date of Birth
- Birth certificate, passport, matriculation certificate, or Aadhaar Card.
For PAN (Business Entities):
Certificate of Incorporation
- Proof of company or organization registration.
Partnership Deed or MOA/AOA (if applicable).
Company PAN or Trust Deed (if applicable).
For TAN:
Proof of Company Registration
- Certificate of Incorporation, MOA/AOA, or partnership deed.
Address Proof of Business
- Utility bill, bank statement, or lease agreement.
Director/Owner PAN Card
- PAN details of company directors or owners.
At Beginquest, we provide end-to-end assistance in obtaining both PAN and TAN:
Expert Consultation
We guide individuals and businesses in selecting and applying for PAN and TAN, ensuring they meet all regulatory requirements.Document Collection & Verification
We help you gather the necessary documents, verify them, and submit them on your behalf to ensure error-free processing.Fast & Hassle-Free Application
We handle the entire application process, ensuring your PAN/TAN is processed quickly, without any delays.Tracking & Delivery
We track the application status and ensure you receive your PAN/TAN promptly, with digital copies available for immediate use.Ongoing Support
We provide support for changes or corrections in PAN/TAN details and assist with compliance and filing needs.
Common Questions About PAN/TAN Service
What is TAN, and why do businesses need it?
TAN (Tax Deduction and Collection Account Number) is a unique identifier required by businesses responsible for deducting tax at source (TDS) or collecting tax at source (TCS). Businesses need TAN to comply with tax laws and file their TDS/TCS returns. Without a TAN, companies cannot deduct taxes from salaries, contractor payments, or other business-related transactions, which could lead to penalties.
Can a single business have multiple TANs?
Yes, a business can have multiple TANs if it operates in different locations or branches that handle tax deductions separately. Each branch can apply for and hold its own TAN to manage its own TDS returns and filings
How long does it take to get a PAN or TAN?
The process for obtaining a PAN or TAN typically takes around 7 to 10 working days. We ensure smooth and timely submission of your application, reducing any delays. If your documents are in order, you will receive your PAN/TAN within this time frame.
Is it mandatory to link PAN with Aadhaar?
Yes, as per the Government of India’s mandate, it is mandatory to link PAN with Aadhaar for both individuals and businesses. Failure to link them can lead to the deactivation of the PAN, affecting your ability to file taxes and perform financial transactions.