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PAN stands for Permanent Account Number, used for personal and entity tax identification. TAN stands for Tax Deduction and Collection Account Number, which is required for entities responsible for deducting or collecting tax at source (TDS/TCS). A permanent account number ( PAN ) is a ten-character alphanumeric identifier, issued in the form of a polycarbonate card, by the Indian Income Tax Department, to any person who applies for it or to whom the department allots the number without an application. Permanent Account Number ( PAN ) is a ten-digit alphanumeric number, issued in the form of a laminated card, by the Income Tax Department, to any "person" who applies for it or to whom the department allots the number without an application. PAN enables the department to link all transactions of the "person" with the department. These transactions include tax payments, TDS/TCS credits, returns of income, specified transactions, correspondence, and so on. PAN , thus, acts as an identifier for ... PAN is the short form of Permanent Account Number. In India, each taxpayer has a distinct 10-character number, which is the PAN assigned to that particular taxpayer.
