At Raj & Co, we offer comprehensive services related to the application and management of PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number). These two key identifiers are essential for individuals and businesses to comply with various tax laws in India. Our expert Chartered Accountants help you navigate the complexities of obtaining, updating, and utilizing PAN and TAN for smooth tax operations.
What is PAN (Permanent Account Number)?
PAN is a unique 10-digit alphanumeric code assigned by the Income Tax Department to individuals and entities for the purpose of tracking financial transactions and ensuring efficient tax payment. PAN is mandatory for filing income tax returns, opening bank accounts, and conducting high-value financial transactions such as buying property or investments.
What is TAN (Tax Deduction and Collection Account Number)?
TAN is a 10-digit alphanumeric number issued by the Income Tax Department for businesses and individuals who are responsible for deducting or collecting tax at source (TDS/TCS). It is required for deducting or collecting taxes and filing TDS/TCS returns. A valid TAN is essential to avoid penalties and ensure compliance with the tax laws.
Services Offered in PAN/TAN:
PAN Application Services:
Assistance in applying for PAN for individuals, businesses, and organizations.
Guidance on the required documentation and ensuring that the application is completed accurately.
Expedite the processing and delivery of PAN cards for timely compliance.
TAN Application Services:
Help with applying for TAN for businesses and individuals responsible for deducting or collecting TDS/TCS.
Assistance in filling out the TAN application correctly and submitting it to the Income Tax Department.
Providing support in tracking and ensuring the timely receipt of the TAN number.
PAN/TAN Updates and Changes:
Assistance with updating or correcting details on PAN and TAN cards, such as changes in name, address, or date of birth.
Guiding clients on the process of reapplying for PAN/TAN if the original card is lost or damaged.
Ensuring that PAN/TAN records are aligned with the tax department’s system for accurate filings.
PAN/TAN Linking and Integration:
Help with linking your PAN with Aadhaar for compliance with government mandates.
Integrating PAN with other financial accounts to ensure smooth processing of financial transactions and tax filings.
PAN/TAN Consultation:
Expert advice on the implications of PAN and TAN for your business or personal tax matters.
Guidance on how to use PAN and TAN effectively for TDS/TCS compliance and filing returns.
Clarifying the tax obligations and responsibilities associated with holding a valid PAN and TAN.
Filing of TDS/TCS Returns:
Assistance with filing TDS/TCS returns using the correct PAN and TAN details.
Ensuring compliance with Income Tax Act provisions to avoid penalties or interest due to incorrect PAN/TAN information.
Why Choose Us for PAN/TAN Services?
Our team of experienced Chartered Accountants ensures that you stay compliant with tax regulations and avoid penalties. Whether you need assistance with applying for a new PAN/TAN, updating your details, or handling TDS/TCS-related matters, we provide reliable and efficient solutions. Our expertise helps simplify the process, ensuring that you focus on your core business or personal financial goals while we take care of your PAN and TAN requirements.