PAN and TAN for Indian Subsidiary
PAN and TAN are essential tax identification numbers for every Indian subsidiary company. PAN is required for income tax, banking, invoicing, and financial transactions, while TAN is required when the company deducts tax at source. IndiaFilings helps Indian subsidiaries obtain and manage PAN, TAN, and related tax registration requirements.
Why PAN Is Required
- Opening a company bank account
- Filing income tax returns
- Raising invoices and receiving payments
- Completing statutory and financial transactions
- Maintaining company tax records
Why TAN Is Required
TAN is required when the company deducts tax at source on payments such as salary, professional fees, contractor payments, rent, or other applicable transactions. It is also needed for TDS return filing and compliance.
PAN and TAN After Incorporation
For companies incorporated through the integrated MCA process, PAN and TAN are usually linked with incorporation. After receiving the incorporation certificate, the company should verify the details and use them for bank account opening, tax setup, and compliance.
Related Tax Registrations
After PAN and TAN, the subsidiary may need GST registration, tax registration, and income tax filing. IndiaFilings supports Indian subsidiaries with complete tax and compliance services.
