Often people have a question what is the difference between PAN, TAN, and TIN card numbers? Many times it is seen that these terms used in the field of transactions may appear to be similar. However, their meanings are different. If you do not know about the meaning of PAN, TAN, and TIN card. In such a situation, this news is especially for you. Today we are going to tell you about this. In this series, let us know what is the difference between PAN, TAN, and TIN card numbers.
What is the TAN number?
TAN stands for (Tax Deduction and collection account Number). This is a special type of ten-digit alphanumeric number. It is issued by the Income Tax Department. It is used to track TCS and TDS.
You should be aware that TCS means tax collected at source. Whereas TDS means tax deducted at source. It is necessary to use TAN.
If you do not use it, the bank may reject your TDS payment. You can use Form 49B to apply online and offline.
What is the TIN?
TIN means Tax Identification Number. It contains an 11-digit alphanumeric number. In this, the first two digits indicate the state. This has been mandated by the Home Ministry. TIN is a special type of identification number. It is used in interstate sales transactions.
What is PAN number?
PAN means (Permanent Account Number). It consists of ten-digit alphanumeric numbers. PAN number is issued by the Income Tax Department. With the help of this number, the government keeps an eye on the transactions being done by the cardholder.
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