Simplify Income Tax procedure by merging TAN with PAN
Presently Income Tax Department provides two types of numbers namely Permanent Account Number -PAN, and Tax Deduction and Collection Account Number -TAN. While PAN is to be obtained for every tax-payer, TAN is a special number required only by those responsible for Tax Deducted at Source -TDS. Those required to obtain TAN number have to go through cumbersome procedure of filing TDS returns every quarter even though tax is deducted at source only say once in a complete year. Moreover there can be cases where TDS provision may required to be used only once in several years. It troubles very much to such TAN holders who are unnecessarily compelled to file TDS returns as nil every quarter. Even Income Tax Department has to spend much on staff and other overheads for managing those registered u...