NKG Experts help our clients navigate through the tough, complex and often changing regulatory requirements in India. Having been behind thousands of registrations over years, Team NKG assists its clients in overcoming various challenges by systematically following a transparent , predictable and efficient regulatory strategy.
PAN is a 10-digit alphanumeric identification code issued to individuals and entities by the Indian Income Tax Department that is required for filing taxes, tracking financial transactions, and remitting taxes.
TAN is a similar 10-digit tax identification number used by entities that are responsible for tax deduction at source, like employers and businesses, to remit the taxes deducted on payments made.
Having PAN and TAN is mandatory for entities and individuals for maintaining tax compliance, filing returns, and paying due taxes in India.
PAN and TAN are important tax registrations mandated by the Indian Income Tax Department for individuals and businesses to fulfill tax compliance.
Permanent Account Number (PAN) is a 10-digit alphanumeric identity allotted to taxpayers like individuals, companies, and other entities to track financial transactions, file tax returns, and ensure taxes are paid.
Tax Deduction and Collection Account Number (TAN) is a 10-digit code provided to employers, businesses and entities that deduct tax at source or collect tax on certain transactions. Having a PAN and TAN is critical for financial dealings, paying taxes on time, maintaining tax records properly and avoiding penal action.
The application procedure for PAN and TAN has been eased by the Tax Department for hassle-free registrations through online portals with minimum documentation requirements. Obtaining a PAN and TAN has become essential for anyone looking to be part of India’s tax system and governance.
Here are some important terminologies related to PAN and TAN registration in India:
A 10-digit alphanumeric identification allotted to taxpayers like individuals, companies, etc. for tax purposes.
A 10-digit code provided to entities deducting tax at source or collecting tax.
Government agency responsible for administration of income tax, including issuing PAN and TAN.
Physical ID card issued with PAN details printed for identification.
Document with TAN details provided on registration.
Unique 12-digit biometric ID that can be linked with PAN for online applications.
Verification process mandated by the government before allotment of PAN or TAN.
Facilitation centers to assist and expedite PAN applications.
National Securities Depository Ltd’s database of identity information including PAN and TAN data.
Online platform provided by the tax department for electronic filing of PAN and TAN applications.
Knowing terminology like this helps understand processes, requirements and available facilities better for smooth PAN/TAN registration.
Here are the key entities who can apply for PAN and TAN registration in India:
Any of the above entities earning taxable income or responsible for tax deduction at payments need to obtain PAN or TAN to file taxes and comply with related tax laws/rules of the Indian Income Tax Act, 1961. PAN is crucial for taxpayers and TAN for deductor entities for tax administration.
Here are the key documents required for PAN and TAN registration in India:
Minor applicants need supporting documents from guardians. The income tax department verifies applicant details through KYC checks before issuing PAN/TAN. Updated address proofs are necessary.
**Still Have any questions??**
Contact usHere are the government fees for PAN and TAN registration in India:
Permanent Account Number (PAN):
Tax Deduction and Collection Account Number (TAN):
INR 50 (Offline payment mode)
Additional Charges:
The applications can be made online or offline at authorized PAN Service centers. Payment can be done via net banking, debit card, credit card, cash and demand draft. Entities and individuals looking to register for PAN and TAN must pay these nominal charges to the Income Tax Department.
Here is an overview of the PAN and TAN registration process in India:
Permanent Account Number (PAN) Registration Process:
Tax Deduction Account Number (TAN) Registration Process:
The Income Tax Department websites offer real-time tracking and status updates. Applicants can also visit nearby TIN-Facilitation Centers for assistance. Overall, the process is fairly simple, convenient and expedited using the online platforms.
**for further assistance**
Book a callHere are the main advantages of PAN and TAN registration in India:
Advantages of PAN:
Advantages of TAN:
In summary, PAN and TAN make tax compliance easier, avoid penalties, enable smooth financial transactions and reinforce credibility for individuals and businesses respectively. They have become mandatory requirements for tax management in India.
For the past two decades, NKG has been helping more than five thousand clients worldwide, across the healthcare spectrum, to get their products registered. The dedicated regulatory team of NKG has more than ten years of experience in helping clients cross the hurdles they face while marketing their products to sell or distribute in India.
Have a query, drop it at contact@nkgabc.com
NKG offers you start-to-finish answers for all your expense and business consistency issues with the assistance of our in-house charge specialists in an easy-to-use, agreeable, and secure climate so you can exploit something very similar.
Generally, “proficient” is gathered as “exorbitant,” however this isn’t the situation at NKG! By offering us a chance to serve, you would consider it as an extra expense, however going against the norm we can set aside bunches of cash for our clients.
You can interface with our client care group to get help and clear your expense and money-related inquiries. Drop us a call with the expectation of complimentary counsel whenever.
Our resources are our clients. Our skilled, creative, and lively individuals are the absolute best in fact regarding ability, consistently with an eye towards administration and idealness. We guarantee that.
Our administrations are customized in line with proficient morals and classification to improve on funds and set aside cash and time. The accuracy and completeness of each piece of work are checked. The information entered goes through a powerful arrangement of investigation planned by our specialists.
An exceptionally robotized and easy-to-use connection point to facilitate your expense form planning and recording. Our specialists guarantee that you get the most extreme conceivable assessment discount an exception and don’t pay more than you owe.
The charges of our referenced administrations will be comprehensive of all above expenses and there could be no different costs or expenses required of any nature. We console you that we adhere to the charges we statement and there are no secret expenses.
Our foundation has a few security layers that protect your information and secure. We rigorously comply with legitimate rules of information security and ensure that is given main concern.
NKG keeps in Close communications with various Trade Commissions, Business Chambers, embassies of many countries on various existing & new Rules & Regulations of government of India
NKG has a Dedicated and Efficient team of experienced regulatory professionals who have Registered more than 2000 brands until now who can help you Plan your regulatory needs and smoothen the process for Regulatory approvals. Strategically located in New Delhi, the “regulatory “ capital of India, NKG makes a head start by following its unique time tested “Step-by- Step “ process that puts a lot of method in between the madness.
