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Showing posts from January, 2023

PAN, TIN, and TAN – Know About These Terms in Easier Ways

  TAN, TIN, and/or PAN – these terms generally confuse us most of the time. We come across these terms when we get to file income tax returns every year. If you are one of those who get confused with these terms before filing your ITR, you can certainly contact CA Chandan Agarwal & Co in Kolkata at your earliest. A professional accountant or chartered accountant can better make you understand these terms. Still, if you want to acquire basic knowledge on TAN, TIN, and PAN, we request you to go through the blog in full. It will take only 2 minutes for you.  What are TAN, PAN, and TIN? PAN : More or less, everyone today is known by the term PAN. The full form of PAN is Permanent Account Number. Every taxpayer needs to have a 10-digit PAN card. The card is issued by the Income Tax Department of India under section 139A and the income tax act 1961. The number is used for various financial transactions in India. To fill ITR and claim depreciation, a taxpayer in India must have this car