Darryl Hoge

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30/11/2021 06:19

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PAN/TAN Application

PAN is mandatory for almost all financial transactions and also for opening a bank account. It is also required by an individual so as to receive a taxable salary or professional fees. High-value transactions cannot be carried out without a PAN Card. PAN is governed as per section 139 A of the Income Tax Act, 1961 under the supervision of a Central Board of Direct Taxes (CBDT).
TAN stands for Tax Deduction and Collection Account Number. It is governed under section 203A of the Income Tax Act, 1961 under the supervision of the Central Board of Direct Taxes (CBDT). TAN is required by the businesses who deduct TDS from the vendor invoices or salaries. If you also want to know the complete details about these topic visit us - https://www.startupfino.com/services/pantan-application

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