ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2783)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4353)
Question
What is difference between PAN No and TAN No
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is difference between PAN No and TAN No
Answer
# 1
PAN means Permanent Account Number with Income Tax
Department, and TAN which is given by IT department for TDS
and TCS
 
Is This Answer Correct ?    109 Yes 31 No
Udaykumar
 
  Re: What is difference between PAN No and TAN No
Answer
# 2
PAN is Permanent Account Number ie account number of the
assessee in the Income Tax department and every assessee
should have only one PAN.

TAN is the Tax-Deduction Account Number i.e. the account
number alloted by Income Tax dept. to the assessee who has
right to duduct tax at source on income(TDS) or collect at
source (TCS).
 
Is This Answer Correct ?    176 Yes 9 No
Vishwajeet
 
 
 
  Re: What is difference between PAN No and TAN No
Answer
# 3
PAN it means permanant account number,it releted to
employee and also we can pay tax through this number.


TAN it means tax deduct account number, it releted to
employer and we can tax deduct through this number
 
Is This Answer Correct ?    52 Yes 16 No
Mahantesh Wali
 
  Re: What is difference between PAN No and TAN No
Answer
# 4
PAN is for to pay the tax to the government and for every
individual and firm must have this and its for filing
returns of their entire income is earn from different
sources during the FY,This is important for every individual
and firm.FOR 27A BEFORE 7TH EVERY MONTH must be deposisted
to Bank account ITNS 281 CHALLAN

TAN is for to deduct the tax from different types of TDS
sources viz, consultancy, Contract, Sub Contract, Rent,
Salaries etc and for Tax Collection TCS Goods and
transactions classified under TCS are listed below:
Alcoholic liquor for human consumption including Indian Made
Foreign Liquor (IMFL)Tendu leaves Timber obtained under a
forest lease
Timber obtained by any mode other than under a forest lease
Any other forest prodce not being Timber or Tendu
Scrap (Scrap means waste and scrap from the manufacture or
mechanical working of materials which is usable as such
because of breakage, cutting up, wear and tear and other
reasons)
The certificate of collection of tax at source has to be
submitted in Form No-27D by persons collecting tax at source
within a week from the last day of the month in which the
tax was collected.
If there is more than one certificate to be issued to a
buyer for tax collected at source with respect to the period
ending September 30 and March 31 in the financial year, then
the person collecting the tax on request from the buyer can
issue a consolidated certificate within one month from the
end of such period.
If an issued TCS certificate is lost, the person collecting
tax at source may issue a duplicate certificate on plain
paper, with necessary details as contained in Form-27D.
The Assessing Officer (AO), before giving credit for the tax
collected at source on the basis of the duplicate
certificate, has to get the payment certified and obtain an
Indemnity Bond from the assessee.
Licensing or leasing of Parking Lot, Toll Plaza
Mining and quarrying
 
Is This Answer Correct ?    36 Yes 8 No
Sudalai Rajan
 
  Re: What is difference between PAN No and TAN No
Answer
# 5
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 142 No
Ameet
 
  Re: What is difference between PAN No and TAN No
Answer
# 6
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 ?    11 Yes 32 No
Viaks Gupta
 
  Re: What is difference between PAN No and TAN No
Answer
# 7
PAN NO. - STANDS FOR "PERMANENT ACCOUNT NUMBER".IT IS
ISSUED IN "10 DIGIT NUMBER" THROUGH Income Tax Department
for Deposit the income tax of the Assessee.

TAN NO. - STANDS FOR "TAX DEDUCTION / COLLECTION ACCOUNT
NUMBER". IT IS ISSUED IN "10 DIGIT NUMBER" THROUGH INCOME
TAX DEPARTMENT.IT ALLOWES THE AUTORITY TO DEDUCT THE 'TDS &
TCS' FROM THE CREDITOR & DEBTOR.
 
Is This Answer Correct ?    28 Yes 4 No
Anirudh
 
  Re: What is difference between PAN No and TAN No
Answer
# 8
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 ?    29 Yes 4 No
H.r. Sreepada Bhagi
 
  Re: What is difference between PAN No and TAN No
Answer
# 9
PAN -Permanent Account Number
TAN -Tax deduction Account Number

Both are issued by the Income Tax Department.
--------------PAN------------------
PAN for filling & deposit Income Tax
Advance Tax Date : 15 Sept, 15 Dec & 15 March
-------------TAN-----------------
is used for the purpose of Deduction of Tax at various
source of income which is given by the deductee such as
Rent, Commission & Brokerage, Interest, Professional fee,
Contract or sub contract and also
tax collected at source (sale of scrap & wastage)

TDS & TCS Returns are separately filed with the department
Q1- 15 July
Q2- 15 Oct.
Q3- 15 Jan.
Q4- 15 June
 
Is This Answer Correct ?    9 Yes 6 No
Bhupinder Singh
 
  Re: What is difference between PAN No and TAN No
Answer
# 10
Dear All

PAN is Permanent Account Number ie account number of the
assessee in the Income Tax department and every assessee
should have only one PAN.

TAN is the Tax-Deduction Account Number i.e. the account
number alloted by Income Tax dept. to the assessee who has
right to duduct tax at source on income(TDS) or collect at
source (TCS).
 
Is This Answer Correct ?    12 Yes 5 No
Pankaj Patel
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
What is the difference between TDS and TCS? Godrej 13
TELL ME CST RATES, VATE REATES IN U.P. DELHI.   2
how many type of tax form used for sales tax, vat,service tax, excise duty & other tax ? what is the theory of all type of taxes applied in india ?   2
What is TCS? On Which it is Computed.   8
Wat is U r stength and weekness   2
I am late for deposit the service tax about 120 days. the amount of S.T. is 48115 What is the Intrest on 48115.   5
what is tax rate in haryan with surchage agst D1 form , C form and full rate of tax in haryana   4
is tax good or bad?   11
IF I HAVE DONE WRONG POSTING OF SERVICE TAX I WANT TO REVERSE THE POSTING OF THE SAME IN SAP.   2
We have sold goods to customer against H-Form in each quarter of the year. But customer is issuing single H-Form for whole year purchase. Should we accept it or not?   3
What is the procedure of geting vat refund for construction division where output is nill?   2
Please expain TDS like return time or % of rate and how to calculte. All Details regarding to TDS.   1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com