PAN / TAN /E-TDS Services


PAN (Permanent Account Number)

PAN has become an essential part of any financial transaction, it is now mandatory to obtain a PAN for yourself. Moreover, it is a widely recognized photo identity and proof of address. TCFS facilitates you to apply for a new PAN Card in simple steps.

PAN Card is an essential document for most us in India, not just for the purpose of filing tax returns but many of us, use it as a form of identification, as well. Today having a PAN card has become mandatory for most people irrespective of whether they have taxable income or not.


PAN was introduced to facilitates linking of various documents, including payment of taxes, assessment, tax demand, tax arrears etc. relating to an assessee, to facilitate easy retrieval of information and to facilitate matching of information relating to investment, raising of loans and other business activities of taxpayers collected through various sources, both internal as well as external, for detecting and combating tax evasion and widening of tax base.


Types of PAN Applications

There are two types of PAN applications:

  • Application for allotment of PAN: This application form should be used when the applicant has never applied for a PAN or does not have PAN allotted to him.
    Following forms have been notified by ITD (w. e. f. November 1, 2011) for submitting applications for allotment of new PAN:
    FORM 49A: - To be filled by Indian citizens including those who are located outside India.
    FORM 49AA: - To be filled by foreign citizens.
  • Application for new PAN Card or/and Changes or Corrections in PAN Data: - Those who have already obtained the PAN and wish to obtain the new PAN card or want to make some changes / corrections in their PAN data, are required to submit their applications in the following form prescribed by ITD:
    REQUEST FOR NEW PAN CARD OR/AND CHANGES OR CORRECTION IN PAN DATA’: - The same form can be used by Indian as well as foreign citizens.

Documents Required for PAN Application

Applicant should ensure that the necessary supporting documents (as specified under Rule 114 of Income Tax Department) are submitted along with the application.
Following documents are required to obtain PAN Card:-


Documents List


Document Acceptable As Proof Of Identity, Proof Of Address, Proof Of Date Of Birth As Per Rule 114 Of Income Tax Rules, 1962
Proof Of Identity Proof Of Address Proof Of Date Of Birth
Indian Citizens (Including Those Located Outside India)

Indivisuals & HUF

  • (i)Copy Of
    • Aadhaar Card issued by the Unique Identification Authority of India; or
    • Elector's photo identity card; or
    • c. Driving License; or
    • Passport; or
    • Ration card having photograph of the applicant; or
    • Arm's license; or
    • . Photo identity card issued by the Central Government or State Government or Public Sector Undertaking; or
    • Pensioner card having photograph of the applicant; or
    • Central Government Health Service Scheme Card or Ex-Servicemen Contributory Health Scheme photo card
  • (ii)Certificate of identity in Original signed by a Member of Parliament or Member of Legislative Assembly or Municipal Councilor or a Gazetted officer, as the case may be; or
  • (iii) Bank certificate in Original on letter head from the branch(alongwith name and stamp of the issuing officer) containing duly attested photograph and bank account number of the applicant
  • (i)Copy Of
    • Aadhaar Card issued by the Unique Identification Authority of India; or
    • Elector's photo identity card; or
    • c. Driving License; or
    • Passport; or
    • Passport of the spouse; or
    • Post office passbook having address of the applicant; or
    • . . Latest property tax assessment order; or
    • Domicile certificate issued by the Government; or
    • Allotment letter of accommodation issued by Central or State Government of not more than three years old; or
    • Property Registration Document; or
  • (ii)Copy of following documents of not more than three months old
    • Electricity Bill; or
    • Landline Telephone or Broadband connection bill; or
    • Water Bill; or
    • Consumer gas connection card or book or piped gas bill; or
    • Bank account statement or as per Note 2 ; or
    • Depository account statement; or
    • Credit card statement; or
  • (iii) Certificate of identity in Original signed by a Member of Parliament or Member of Legislative Assembly or Municipal Councilor or a Gazetted officer, as the case may be; or
  • (iv)Employer certificate in original.
  • (i)Copy Of
    • Birth Certificate issued by the Municipal Authority or any office authorized to issue Birth and Death Certificate by the Registrar of Birth and Death or the Indian Consulate as defined in clause (d) of sub-section (1) of session 2 of the Citizenship Act, 1955 (57 of 1955); or
    • Pension payment order; or
    • Marriage certificate issued by Registrar of Marriages; or
    • Matriculation Certificate; or
    • Passport; or
    • Driving License; or
    • Domicile Certificate issued by the Government; or
    • Affidavit sworn before a magistrate stating the date of birth

Other Than Indivisuals & HUF
i Company Copy of Certificate of Registration issued by the Registrar of Companies.
ii Partnership Firm Copy of Certificate of Registration issued by the Registrar of Firms or Copy of partnership deed.
iii Limited Liability Partnership Copy of Certificate of Registration issued by the Registrar of LLPs
vi Association of Persons (Trust) Copy of trust deed or copy of certificate of registration number issued by Charity Commissioner
v Association of Person, Body of Individuals, Local Authority, or Artificial Juridical Person Copy of Agreement or copy of certificate of registration number issued by charity commissioner or registrar of cooperative society or any other competent authority or any other document originating from any Central or State Government Department establishing identity and address of such person.


WHY GET A PAN NUMBER?

For payment of direct taxes. To file income tax returns. To avoid deduction of tax at higher rate than due. To enter into specific transaction such as:

  • Sale or purchase of immovable property valued at Rs 5 lakh or more
  • Sale or purchase of a vehicle other than a two wheeler
  • Payment to hotels or restaurants an amount exceeding Rs 25,000 at any one time
  • Payment in cash an amount exceeding Rs 25,000 in connection with travel to any foreign country
  • Payment of an amount of Rs 50,000 or more to the Reserve Bank of India for acquiring bonds
  • Payment of an amount of Rs 50,000 or more to a company or an institution for acquiring bonds or debentures
  • Payment of an amount of Rs 50,000 or more to a company for acquiring shares
  • Any mutual fund purchase
  • Deposit exceeding Rs 50,000 with any single banking institution in 24 hours.
  • Payment exceeding Rs 5 lakh for purchase of bullion and jewellery

TAN(Tax Deduction Account Number)



TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. Under Section 203A of the Income Tax Act, 1961, it is mandatory to quote Tax Deduction Account Number (TAN) allotted by the Income Tax Department (ITD) on all TDS returns.


Types of TAN Application

There are two types of TAN Applications

  • Application for issuance of new TAN (Form 49B):-
    This application form should be used when the deductor has never applied for a TAN or does not have a TAN.
  • Form for Change or Correction in TAN data for TAN Allotted:-
    This application form should be used by the deductors in case they want a Change or Correction in data associated with their TAN.

E-TDS


Entities (both corporate and non-corporate deductors) making payments (specified under Income Tax Act) to third parties (deductees) are required to deduct tax at source (Tax Deducted at Source -TDS) from these payments and deposit the same at any of the designated branches of banks authorised to collect taxes on behalf of Government of India.


They should also furnish TDS returns containing details of deductee(s) and challan details relating to deposit of tax to ITD.


Presently this concept of T.D.S. is also used as an instrument in enlarging the tax base. Some of such incomes subjected to T.D.S. are salary, interest, dividend, interest on securities, winnings from lottery, horse races, commission and brokerage, rent, fees for professional and technical services, payments to non residents etc.

It is always considered as an Advance tax which is paid to the government when we are being paid for provision made by us in the form of products or services.

TCFS Providing E-TDS Return preparation and submission services to all individual and corporate entities.

For More derails contact us on infotcfs@hotmail.com

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