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What is difference between PAN No and TAN No
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Answer / sherlock
permanent account no (pan) is an account no issued by income tax department of India to a person or company who have permanent source of income; for payment of taxes by a him regularly.
tax deduction account number(tan) is for paying tax for income from value added services which is irregular and temporary .
eg: if a person works in an office and having permanent job with salary above taxscale;he has to pay the tax through pan because he has a permanent income source!
another example, if a broker gets Ransome from a real estate deal as commission,he should pay the tax through tan because its a temporary source of income!
got it?
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / viaks gupta
PAN NO. PERMANENT ACCOUNT NO is a personal no. of income
tax department.
Tan No. Tax Assesment No. is issue for organisation. Those
person running bussiness they have to issued tan no by
income tax department. They have to file tds & tcs
| Is This Answer Correct ? | 15 Yes | 32 No |
Answer / ameet
Dear all,
PAN stands for Permanent Account Number and
TAN -stands for Temporary Account Number (this is given
initially before giving a permanent account number)
| Is This Answer Correct ? | 21 Yes | 148 No |
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