State-specific compliance
PAN and TAN Registration in Jharkhand
How PAN and TAN Registration applies to a business operating in Jharkhand, with state-specific authority, citations and current deadlines.
Definition
PAN and TAN Registration as it applies to businesses operating in Jharkhand. PAN is required for all entities; TAN (Tax Deduction Account Number) is needed before you start deducting TDS on salaries above the threshold or contractor payments.
- SourceIncome-tax Act, 1961 — Section 139A (PAN) and Section 203A (TAN)incometax.gov.in
What it means in practice
PAN and TAN Registration is a central regulation that applies uniformly across India, including Jharkhand. In Jharkhand, the day-to-day administering authority and the office where filings are submitted will be Income Tax Department / CBDT.
Trivial step but a hard prerequisite for opening a current account, GST registration and the Udyam form.
- SourceIncome-tax Act, 1961 — Section 139A (PAN) and Section 203A (TAN)incometax.gov.in
Does PAN and TAN Registration apply to your business in Jharkhand?
Deadlines and penalty
Cadence: one_time
Penalty for default: Failure to obtain TAN before deducting/remitting TDS attracts Rs 10,000 penalty under Sec 272BB.
Citations
- SourceIncome-tax Act, 1961 — Section 139A (PAN) and Section 203A (TAN)incometax.gov.in