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
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
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
PAN NO. PERMANENT ACCOUNT NO is a personal no. of income
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
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.
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.
PAN -Permanent Account Number
TAN -Tax deduction Account Number
Both are issued by the Income Tax Department.
PAN for filling & deposit Income Tax
Advance Tax Date : 15 Sept, 15 Dec & 15 March
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
I am register delear in Maharashtra state, I sold pulses to
a register delear in Andrapradesh state.
In Andra state tax is applicable on pulses,
but in Maharashtra pulses are tax free,
So I have to take "c" form from buyer party or not ?