PAN & TAN Registration

PAN is governed by Section 139A, Income-tax Act 1961, read with Rule 114, Income-tax Rules 1962 (Form 49A) — mandatory for every company from the point of incorporation, regardless of income or turnover, since a company is treated as a person required to hold PAN irrespective of whether it has taxable income in a given year. TAN is governed by Section 203A, Income-tax Act 1961 (Form 49B) — mandatory for any person or entity required to deduct tax at source (TDS) or collect tax at source (TCS); quoting TAN is compulsory on all TDS/TCS returns, payment challans, and certificates issued to deductees, and a person required to deduct tax but who fails to obtain a TAN is liable to a penalty of ₹10,000 under Section 272BB. For companies incorporated in India, both PAN and TAN are auto-allotted at the point of incorporation through the integrated SPICe+/AGILE-PRO-S filing under Section 7, Companies Act 2013, without any separate application — a change from the pre-SPICe+ regime where PAN/TAN had to be applied for independently after incorporation.

PAN and TAN registration is the obtainment of the two tax identities every taxpayer needs under the Income-tax Act 1961 — the Permanent Account Number under Section 139A, the ten-digit identity for the income tax and the financial transactions, and the Tax Deduction and Collection Account Number under Section 203A, the identity for the deductors who deduct or collect the tax. The PAN is obtained online through the NSDL or the UTIITSL portals with the KYC documents, and the TAN is obtained for the entities that deduct the TDS under Section 194 and the related provisions.

The PAN is the identity that follows the taxpayer through the tax system — the returns, the TDS, the high-value transactions — and the TAN is the identity that the deductors quote in the TDS returns and the certificates. The PAN is mandatory for the taxpayers and the transactions above the prescribed values under Section 139A, and the TAN is mandatory for the deductors and the collectors under Section 203A. Without them, the tax machinery cannot run.

The cost of the missing PAN or TAN is the blocked transaction and the penalty: the return that cannot be filed, the TDS that cannot be deducted and the consequences under Section 272B for the failure to obtain the PAN, and the deductors operating without the TAN.

This service is for individuals, businesses and entities needing PAN or TAN. We determine the requirement under Sections 139A and 203A, prepare and file the applications online with the KYC documents, obtain the PAN and the TAN, and set up the linkages — the bank accounts, the TDS accounts, the return filings — so the taxpayer's identities are in place and quoted wherever the Act requires.