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What is the Difference Between PAN, TAN, DSC, DIN and TIN.


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Today we are providing the meanings of PAN (Permanent Account Number), TAN (Tax deduction and collection account number), DSC (Digital Signature Certificate), DIN (Director Identification Number), TIN or VAT (Tax Payer Identification Number).

Permanent Account Number (PAN)

PAN is Permanent Account Number i.e unique ten digit alpha numeric identification account number, that’s issued to each taxpayer. PAN card or number is issued by the Income Tax Department. PAN card is extremely important form of identity and is mandatory for Indian Citizens starting a Company or LLP. PAN is mainly used by the Income Tax Department to keep a check on financial transactions that could carry a taxable component. PAN is now required for many mundane transactions like remitting high value cash deposits, obtaining a loan, purchasing a property and more of the assessee in the Income Tax department and every assessee should have only one PAN.

Tax deduction and collection account number (TAN)

TAN or Tax deduction and collection account number is a ten digit unique number given to those persons who deduct tax at source or TDS. It is basically for those persons who collect or deduct tax on various goods. For every person deducting tax at source it is necessary to obtain this number. Once the number is obtained various returns can be filed on quarterly basis. The starting number of the TAN is alphabets which are further followed by numerical but gets ended again with alphabets.

Digital Signature Certificate – DSC

DSC is an electronic format of authorization and serves as a proof of identity of an individual for certain online transactions and filings. DSC are mainly used by MCA(ROC), income tax, Directorate General of Foreign Trade, Employee Foreign Trade and for E-tenders in India. Digital Signatures are classified into following categories:

Class 0 Certificate: This certificate shall be issued only for demonstration/ test purposes.

Class 1 Certificate: Class 1 certificates shall be issued to individuals/private subscribers. These certificates will confirm that user’s name (or alias) and E-mail address form an unambiguous subject within the Certifying Authorities database.

Class 2 Certificate: These certificates will be issued for both business personnel and private individuals use. These certificates will confirm that the information in the application provided by the subscriber does not conflict with the information in well recognized consumer databases.

Class 3 Certificate: This certificate will be issued to individuals as well as organizations. As these are high assurance certificates, primarily intended for ecommerce applications, they shall be issued to individuals only on their personal (physical) appearance before the Certifying Authorities.

DIN (Director Identification Number)

Director identification number is a unique number issued to existing Director or a Future Director of a Company and required for company registration. DIN and Designated Partner Identification Number can be used interchangeably. DPIN is required for registering a LLP in India. DIN typically contains all the personal information of the person becoming a Director. DIN can only be obtained by persons. DIN can be obtained by both Indian and Foreign Citizens by submitting identity and address proof. DSC is mandatory while applying for DIN, therefore digital signature certificate (DSC) must be first obtained for obtaining a DIN.

Tax Payer Identification Number (TIN or VAT)

TIN-The Tax Payer’s Identification Number (TIN) is new unique registration number that is used for identification of dealers registered under VAT. It consists of 11 digit numerals and will be unique throughout the country. First two characters will represent the State Code as used by the Union Ministry of Home Affairs. The set-up of the next nine characters may, however, be different in different States.TIN number or VAT registration is a must for businesses selling goods or products like manufactures, exporters, shopkeepers, dealers, ecommerce sellers selling goods, etc.

TIN number is used to identify dealers who are registered under VAT and it is also used for interstate sales done between two or more states.

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