Today, most of us have a PAN card. A PAN card is a very important document. Many of our important information is recorded in it. We need a PAN card to get many types of financial work done. Not only this, a PAN card is also used as a document at various places.
We also need it while filing income tax returns. Under the rules, a person can have only one PAN card. If you have more than one PAN card, then a fine can be charged to you. At the same time, do you know what is the difference between PAN, TAN, and TIN card numbers? If not, then today we are going to tell you about this. Let's know about it in detail -
PAN
PAN stands for Permanent Account Number. It is a ten-digit alphanumeric number. With the help of a PAN number, the government can easily track the financial transactions being done by the PAN card holder.
TAN
TAN stands for Tax Deduction and collection Account Number. TAN is a ten-digit alphanumeric number. The TAN number is issued by the Income Tax Department. It is used to track TCS and TDS.
TIN
The TIN number stands for Tax Identification Number. It is an 11-digit alphanumeric number. The first two digits of the TIN indicate the state.
This number is issued by the Home Ministry. It is used in interstate sales transactions. It is a special type of identification number.
(PC: Adobe stock)
