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?

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

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)

Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?

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