Why Choose Auditor Shiva for PAN and TAN Registration?
Auditor Shiva and team are experienced professionals who understand the importance of timely and accurate PAN and TAN registration in Trichy. We offer a hassle-free process to help you obtain your PAN and TAN, ensuring compliance with the Income Tax Department’s regulations.
Our services include
Expert Guidance
We provide expert guidance throughout the registration process, ensuring that all necessary information is provided accurately and efficiently.
Timely Completion
We understand the importance of timely completion of the registration process, and we work diligently to ensure that your PAN and TAN are obtained as quickly as possible.
Accuracy
Our team is committed to providing accurate and reliable services, ensuring that your PAN and TAN are registered correctly and without any errors.
PAN Registration Essentials
Full Name, Date of Birth, Address, Identity Proof (e.g., Aadhaar, Passport, Driving License), Mandatory for all major financial transactions and tax related activities.
TAN Registration Requirements
PAN, Name, Date of Birth, Address, Contact Details (mobile number and email), Necessary for TDS/TCS and must be registered on TRACES and the Income Tax e filing portal.
Benefits
Complies with Income Tax rules
Streamlines tax management
Avoids penalties and legal complications
Builds financial credibility and trust
Finally, for efficient and compliant PAN and TAN registration in Trichy, Auditor Shiva’s team is your goto expert. Contact us to begin your registration process effortlessly
PAN / TAN Registration FAQs
Seek out Auditor Shiva’s expertise for PAN card registration in Trichy. With their authorized services, they provide comprehensive assistance throughout the application process, ensuring compliance and efficiency.
Permanent Account Number (PAN Card) is considered the most prominent proof of identification. The Indian Tax Department issues the PAN card to monitor income tax returns and regulates the economy. It is, therefore, mandatory for every person Indian or foreigner have the PAN card. The PAN is the mode of identification of government and private organizations recognized in the Know Your Customer norms.
The PAN is mandatory for NRI and investors, and one must give their PAN card details in their investment activities.
Any Indian citizen, including a minor, can apply for allotment of Permanent Account Number by furnishing valid proof and documents. Foreign individual or entity can also apply for PAN allotment.
Yes, every business established in India must apply for PAN card online or offline within the 30 days of establishment. However, sole proprietorship firm does not need so as it does not have a separate identity from its owner.
Once the application for PAN Card is forwarded, generally it takes 5 – 7 working days for allotment of PAN. However, receipt of physical PAN card may take time.
The Permanent Account Number, once allotted, comes with lifetime validity for individuals and business entities. If the businesses entities are dissolved or closed, it must surrender the allotted PAN.
All those persons who are required to deduct tax at source or collect tax at source on behalf of Income Tax Department are required to apply for and obtain TAN.
The provisions of section 203A of the Income-tax Act require all persons who deduct or collect tax at source to apply for the allotment of a TAN. The section also makes it mandatory for TAN to be quoted in all TDS/TCS returns, all TDS/TCS payment challans and all TDS/TCS certificates to be issued. Failure to apply for TAN or comply with any of the other provisions of the section attracts a penalty of Rs. 10,000/-.
Once applied generally, it takes 7-10 working days for TAN allotment by NSDL. However, receipt of a physical TAN letter may take time depending upon the processing time by the department. Once the application for TAN number is made, it is always possible to know your TAN status.
No, a PAN cannot be used instead of TAN. PAN and TAN serve two different purposes. Therefore, it is mandatory for those deducting tax at source to obtain a TAN.
Tax Deducted at Source (TDS) must be deposited through banks using Challan 281, quoting the TAN number of the entity. The deadline for payment of TDS is the 7th day of every month.
TDS Return should be filed quarterly on the 31st day of July, October, January and May. The TDS return filed on these months will correspond to the transaction of the preceding three months.