Permanent Account number or Pan Card is an essential identity proof document for any Indian Citizen. It is also a very important document for all your Tax management purposes. Without a PAN, you will not be able to carry out any financial transaction.
Document required for PAN Application
Tax Deduction and Collection Account Number better known as TAN is a 10-digit alphanumeric number. The number is required to be obtained by all persons who are responsible for deducting or collecting the tax.
Any individual or business entity that is supposed to deduct or collect tax at source on behalf of the Income Tax department needs to apply and obtain the TAN.