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Answers 

What is the difference between PAN and TAN?

Total Answers 1
Answer by: VISHAL BANSAL

PAN means Permanent Account Number, it is used for-

* Filing Income Tax Return

* Used for deduction of TDS by bank, financial institutions or other persons.

* TDS will be deducted at lower rate as compared to without pan rate.

TAN means Tax deduction and collection account number, it is used for-

* Filing TDS return

* Deposit of TDS liability or TDS deducted of others

* TAN is used by the collector of TDS

For PAN registration, not required TAN but for registration of TAN, PAN is compulsory.


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