Ashok Anshit & Co.

In today’s regulated business and taxation environment, statutory registrations such as PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) are fundamental for individuals, businesses, and organizations. Any error, delay, or non-compliance in PAN or TAN formalities can result in penalties, operational hurdles, and legal complications. PAN TAN And Related Formalities.

Ashok Anshit & Co, a firm of experienced Chartered Accountants, provides. comprehensive PAN TAN And Related Formalities  services, ensuring smooth processing, compliance with income tax laws, and peace of mind for clients across India. PAN TAN And Related Formalities

Understanding PAN (Permanent Account Number)

What is PAN?

PAN is a 10-digit alphanumeric number issued by the Income Tax Department of India. PAN TAN And Related Formalities It serves as a unique identity for taxpayers and is mandatory for financial transactions and tax compliance. PAN TAN And Related Formalities

PAN is required by:

• Individuals
• Proprietorships
• Partnership firms
• LLPs
• Companies
• Trusts & NGOs
• HUFs

Importance of PAN

PAN plays a crucial role in tracking financial transactions and preventing tax evasion. PAN TAN And Related Formalities It is mandatory for:

• Filing Income Tax Returns
• Opening bank accounts
• GST registration
• High-value transactions
• TDS compliance
• Loan and credit applications

Understanding TAN (Tax Deduction and Collection Account Number)

What is TAN?

TAN is a 10-digit alphanumeric number required for persons or entities responsible for deducting or collecting tax at source (TDS/TCS).

Entities required to obtain TAN include:

• Employers
• Companies
• Partnership firms
• LLPs
• Government offices
• Trusts & institutions

Importance of TAN

Without TAN:

• TDS returns cannot be filed
• TDS certificates cannot be issued
• Penalties of ₹10,000 may apply

Proper TAN compliance ensures smooth tax deduction, reporting, and avoidance of legal issues. PAN TAN And Related Formalities

PAN vs TAN – Key Differences

PAN TAN And Related Formalities Services Offered by Ashok Anshit & Co

We provide end-to-end assistance for all PAN TAN And Related Formalities matters, including:

✔ New PAN Application

• Individual PAN
• Business PAN
• Company, LLP, Trust & NGO PAN

✔ PAN Correction / Update

• Name correction
• Date of birth correction
• Address change
• Photo & signature update

✔ PAN Reprint / Duplicate PAN

• Lost or damaged PAN card
• Digital e-PAN assistance

✔ PAN Linking Services

• PAN-Aadhaar linking
• PAN with bank, GST & MCA

✔ New TAN Registration

• TAN application for businesses & employers
• Online filing and follow-up

✔ TAN Correction

• Name or address changes
• Responsible person details update

✔ TAN Surrender

• Closing of business
• Duplicate TAN cancellation

Related Formalities Handled by Us

1. PAN TAN And Related Formalities for New Business Registrations

PAN and TAN are mandatory for:

• Partnership firms
• LLPs
• Companies
• Trusts and societies

We ensure seamless coordination with ROC, GST, and bank requirements. PAN TAN And Related Formalities

2. PAN/TAN for GST & TDS Compliance

• Linking PAN with GSTIN
• TDS registration under GST
• Reconciliation of PAN/TAN data

3. PAN/TAN for Salary & Payroll Compliance

• Employer TAN registration
• Monthly TDS calculation
• TDS returns & Form 16 issuance

4. PAN/TAN for Trusts & NGOs

• PAN for charitable trusts
• TAN for TDS on payments
• Support for 12A & 80G compliance

Documents Required for PAN & TAN

For Individual PAN:

• Aadhaar Card
• Photograph
• Signature

For Business PAN:

• Registration certificate
• Partner/Director PAN & Aadhaar
• Address proof

For TAN:

• PAN of deductor
• Business address proof
• Authorized signatory details

Ashok Anshit & Co verifies documents to prevent rejection. PAN TAN And Related Formalities 

PAN & TAN Application Process

Step 1: Data Collection & Verification

We collect accurate details to avoid errors.

Step 2: Online Application Filing

PAN/TAN application submitted through authorized portals. PAN, TAN And Related Formalities

Step 3: Document Upload & e-Verification

Digital verification ensures faster processing.

Step 4: Follow-up & Allotment

Regular follow-up until PAN/TAN is allotted. PAN, TAN And Related Formalities

Time Required for PAN & TAN Allotment

• PAN: 3–7 working days
• TAN: 5–10 working days

Delays may occur due to incorrect data or document mismatch, which we proactively avoid. PAN, TAN And Related Formalities

Common PAN & TAN Issues We Resolve

• Duplicate PAN issues
• PAN inoperative due to Aadhaar non-linking
• TAN mismatch in TDS returns
• Invalid PAN/TAN errors
• Correction rejections

• Legal Consequences of Non-Compliance

Failure to comply with PAN & TAN regulations may lead to:

• Monetary penalties
• Higher TDS rates
• Disallowance of expenses
• Difficulty in banking & taxation

Professional handling helps avoid unnecessary litigation. PAN, TAN And Related Formalities

Why Choose Ashok Anshit & Co?

✔ Chartered Accountant Expertise

✔ Error-Free Filing

✔ Quick Processing

✔ Transparent Fees

✔ End-to-End Compliance Support

We understand tax laws deeply and provide accurate, compliant, and reliable services.

Frequently Asked Questions (FAQs)

Is PAN mandatory for all businesses?

Yes, PAN is mandatory for all taxable entities.

Can one person have multiple PANs?

No, holding more than one PAN is illegal. PAN, TAN And Related Formalities

Is TAN mandatory for salary payments?

Yes, if TDS is deducted on salary.

Can PAN details be changed later?

Yes, corrections and updates are allowed.

Conclusion

PAN and TAN are the backbone of India’s taxation and compliance system. Any mistake or delay can create long-term complications for individuals and businesses. PAN, TAN And Related Formalities With Ashok Anshit & Co, you get professional assistance for PAN, TAN & related formalities, ensuring accuracy, compliance, and peace of mind.

Whether you are starting a business, hiring employees, or handling tax deductions, our Chartered Accountants provide trusted, timely, and complete support. PAN, TAN And Related Formalities

📞 Get Professional Assistance Today

Contact Ashok Anshit & Co – Chartered Accountants for reliable PAN, TAN & Compliance Services. PAN, TAN And Related Formalities