What is difference between PAN No and TAN No
Answer Posted / h.r. sreepada bhagi
Advice to all. If you do not know the answer please do not
write a wrong answer as many beginners read it.
Following answers already mentioned above are correct (This
answer is with reference to India):
PAN - Permanent Account Number.
TAN - Tax Deduction Account Number.
Both the numbers are issued by the Income Tax Department
against the application in the prescribed form by an
assessee or a person.
PAN must be quoted while preparing & filing the Income Tax
Returns and every assessee should have obtained a PAN &
should not have more than one.
TAN is required for those who are responsible to with hold
tax from the amounts paid or payable as per the Income Tax
Act. This No. needs to be quoted in TDS remittance challans,
TDS Certificates and periodical returns to be filed with the
Income Tax department.
| Is This Answer Correct ? | 87 Yes | 12 No |
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