New PAN card, corrections, reprint & TAN registration — quick & hassle-free
Permanent Account Number (PAN) is a 10-digit unique identifier issued by the Income Tax Department to every taxpayer. It is mandatory for filing tax returns, opening bank accounts, making investments above ₹50,000, and numerous financial transactions.
Tax Deduction Account Number (TAN) is required by all entities responsible for deducting TDS/TCS. Quoting TAN on TDS returns, challans, and certificates is mandatory.
Paras Finance handles PAN applications (new, correction, reprint) for individuals, firms, companies, and foreign nationals, as well as TAN registration for businesses of all sizes.
PAN is mandatory for all taxpayers, individuals with taxable income, businesses, those making financial transactions above ₹50,000, and for filing income tax returns. It is also required to open a bank account or demat account.
Physical PAN card typically takes 15–20 working days after application. An e-PAN (digital copy) is issued within 10 minutes for Aadhaar-based applicants.
No, having two PANs is illegal and can attract a penalty of ₹10,000. If you have two PANs, you must surrender the duplicate one to the Income Tax Department.
All persons responsible for deducting TDS or collecting TCS are required to obtain TAN. This includes employers, businesses making contractor payments, rent payments above ₹50,000/month, etc.
Yes, PAN can be applied without Aadhaar using alternative identity and address proofs. However, linking PAN with Aadhaar is now mandatory for all individuals.
Our experts are available to guide you through the entire process with ease.