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 (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2812)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4364)
Question
What is difference between PAN No and TAN No
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
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 ?    184 Yes 11 No
Vishwajeet
 
Answer
# 2
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 ?    114 Yes 32 No
Udaykumar
 
 
 
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
 
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 ?    39 Yes 8 No
Sudalai Rajan
 
Answer
# 5
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 ?    33 Yes 4 No
H.r. Sreepada Bhagi
 
Answer
# 6
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 ?    30 Yes 4 No
Anirudh
 
Answer
# 7
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 ?    13 Yes 5 No
Pankaj Patel
 
Answer
# 8
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 ?    11 Yes 6 No
Bhupinder Singh
 
Answer
# 9
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
no. alloted by incometax deptt.
Both the numbers are issued by the Income Tax Department
 
Is This Answer Correct ?    1 Yes 0 No
Amit Kumar
 
Answer
# 10
PAN NUMBER IS ALLOTTED BY INCOME TAX DEPARTMENT TO INDIVUDAL PERSON HO IS LIABLE TO PAY TAX AND HO CAN PAY SELF ASSESMENT TAX THROUGH THIS NUMBER.
TAN NUMBER IS ALLOTTED BY INCOME TAX DEPARTMENT TO ORGANISATION/ FIRM/ AUTONOMOUS BODIES HERE THERE ILL BE A DDO AND HE IS AUTHORIZED TO DEDUCT TAX AT SOURCE AND REMIT TO THE IT DEPT.THE AMOUNT DEDUCTED FROM SALARY OF THE ORGANISATION EMPLOYEES IS DEPOSITED THROUGH THE TAN NUMBER
HETHER BOTH THE NUMBERS - PAN AND TAN - CAN BE HAD IS STILL A DOUBT. IF A SUITABLE ANSER IS OBTAINED KINDLY MAIL ME
 
Is This Answer Correct ?    1 Yes 0 No
K N Lakshmi
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
when to apply tds   4
what is CST for what we are using it   13
i want basic formula to find vat 4% from the total bill   6
what is cst and what is rate of cst in 2010   4
If TDS on Rent is to be charged on Rent which includes Maintenance Charges which are clearly evident, then has TDS on REnt also to be charged on Maintenance Charges?   2
scrap material value 5000/- vat rate is 5%+tcs. now my question is 1.how much value of tcs & vat. 2.after taxable value add vat or add tcs (before vat or tcs) & how much value of vat & tcs. Plz reply me   1
top ten excise rules???? Samsung 1
What is deferred tax?   3
How to Claim Cenvat Credit.   2
subscription charges paid to foreign firm, whether TDS is applicable or not? Because amount is huge   2
Hi, Our Company Purchase Rs:15,00,000 worth of Truck from a person, When at the time of Payment We deduct TDS or Not? Note: There is No Agreement or Contract with them I need the Help. Regards Sakthi Bajaj 5
When Selling a goods to a party Excise Duty chargable on VAT or not.   8
 
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