PAN and TAN REGISTRATION

PAN

Permanent Account Number(PAN) is a unique 10-digit alphanumeric identity allotted by the Income Tax Department. PAN is mandatory for financial transactions such as receiving taxable salary or professional fees, sale or purchase of assets above specified limits, buy mutual funds and many more.

The primary objective of PAN is to use a unique identification key to track financial transactions that might have a taxable component to prevent tax evasion. The PAN number remains unaffected by change of address throughout India.

PAN is required in any sort of communication with the income tax department like:-

  • Filing income tax return
  • Any correspondence with income tax department
  • Submitting challans for payment of any tax to the department

TAN

Any entity or individual that is required to deduct taxes at source while making specific payments such as salary, rent etc need to first obtain TAN number.

Tax Deduction Number (TAN) is a 10-digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS). The person deducting the tax at source is required to deposit the tax deducted to the credit of Central Government - quoting the TAN number. On deducting tax at source, the entity registered for TAN will issue a TDS Certificate as proof of collection of tax.

To obtain TAN, application must be made for allotment of TAN in Form 49B along with the required supporting documents. Based on the application, the TAN will be allotted to the entity and the entity must quote the TAN in all TDS/TCS returns, TDS/TCS payment challans and all TDS/TCS Certificates.

We can assist you in obtaining PAN and TAN in a timely manner

News Section

News

Due Date Reminder

Jan Feb Mar Apr May June
July Aug Sep Oct Nov Dec
All
30 Sep 21 Payment of disputed amount of tax WITHOUT Additional Payment under Vivad se Vishwas Scheme.
30 Sep 21 Deposit of TDS u/s 194M for August on payments made to resident contractors or professionals greater than 50 lacs pa by individuals/HUF not subject to tax audit.
30 Sep 21 Investment etc. for claiming exemption u/s 54 to 54GB where last date for such compliance falls between 1.4.21 to 29.9.21.
30 Sep 21 Deposit of TDS u/s 194-IA on payment made for purchase of property in August.
30 Sep 21 Application for KYC of Directors who hold DIN on 31.3.21.
30 Sep 21 Filing of application for revocation of cancellation of registration where the due date of filing of application for revocation of cancellation of registration falls between 01.03.2020 to 31.08.2021.
01 Oct 21 Dynamic QR Code must on B2C Invoices for turnover above 500 cr. Penalty to be levied from 1.12.20 if not ready by 1.10.21.
06 Oct 21 Monthly Return by Tax Deductors for May.
06 Oct 21 Monthly Return by e-commerce operators for May.
14 Oct 21 Intimation of appointment of Auditor on completion of 5 years to be given in 15 days of AGM. (Presuming AGM on 30.9.21)
31 Oct 21 Payment of disputed amount of tax without additional payment under Vivad se Vishwas Scheme .
06 Nov 21 Monthly return of Outward Supplies for May. (other than QRMP)
30 Nov 21 Last date to hold AGM for FY 20-21. (Extended from 30 Sep)
30 Nov 21 Statement of foreign remittances by authorized dealers for June quarter.
30 Nov 21 Uploading declarations received in Form. 15G/15H during quarter ending June.
30 Nov 21 Filing of pending GST-3B Returns from July 2017 to April 2021 with reduced late fee under Amnesty scheme.
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