PAN TAN SHOP ACT UDYOG AADHAR

Presentation Overview

The presentation is led by Adv. Dnyaneshwar U. Narwade from Yashwantrao Chavan Law College, organized in collaboration with the Maharashtra Tax Practitioners' Association.

Page 1: Introduction to PAN, TAN, Shop Act, and Udyam Aadhar

This section sets the stage for discussions on various essential tax identification tools and compliance requirements for businesses in India, specifically focusing on PAN (Permanent Account Number), TAN (Tax Deduction Account Number), Shop Act license requirements, and Udyam Aadhar registration for MSMEs.

Page 2: Structure of Presentation

The presentation is structured to cover key topics:

  • What is a PAN?

  • The need and importance of a PAN card.

  • Types of PAN applications.

  • Eligibility for application.

  • Application process.

Page 3: Understanding the PAN Card

PAN is a unique, ten-digit alphanumeric number issued by the Income Tax Department. It functions as an individual's or entity's identifier across India and is delivered in the form of a laminated plastic card, commonly referred to as a PAN card.

Page 4: Importance and Necessity of PAN

PAN becomes mandatory in several cases including:

  • When an individual's income exceeds the exemption limit.

  • When acting as a representative assessee liable to pay taxes on behalf of others.

  • For business individuals or professionals with annual sales, turnover, or gross receipts likely to exceed ₹5,00,000.

  • It is also required for charitable trusts filing returns under Section 139(4A) and for non-individual residents conducting financial transactions over ₹2,50,000.

Page 5: Types of PAN Applications

Applications are categorized into the following:

  • Form 49A: For Indian citizens.

  • Request for New PAN Card: Includes changes/corrections in PAN data.

  • Form 49AA: Specific to foreign citizens.

Page 6: Details of PAN Application Forms

  • Form 49A: Designated for Indian citizens, must include recent photographs and personal details.

  • Form 49AA: For foreign individuals/entities, requiring similar personal information with specific compliance details.

Page 7: Eligibility for PAN Application

Eligible applicants include:

  • Individual Indian and foreign citizens.

  • Minors (both Indian and foreign).

  • Partnerships, trusts, Hindu Undivided Families (HUFs), companies, associations of persons, and government agencies.

Page 8: Offline Application Process for PAN

Steps include:

  • Filling out the manual application forms, Form 49A or Form 49AA.

  • Affixing photos and signatures.

  • Attaching necessary documents.

  • Paying the application fee: ₹107 (₹91 + 18% GST) for India or ₹1,017 (₹862 + 18% GST) for overseas delivery.

  • Submission at TIN Facilitation Centers.

Page 9: Online Application Process for PAN

Involves:

  • Completing the online application using Form 49A or Form 49AA.

  • Making payment online.

  • Downloading a prefilled application for signatures and photographs.

  • Sending signed applications and supporting documents via post or courier.

Page 10: Instant e-PAN Application

To apply for an instant e-PAN:

  • Visit the official income tax portal.

  • Use the 'Instant PAN' feature linked with Aadhaar.

  • Verify through OTP and validate details.

  • Proceed to download the e-PAN post-validation.

Page 11: Overview of TAN

TAN, a 10-digit alphanumeric number, is mandatory for all entities responsible for deducting or collecting tax at source (TDS/TCS) as issued by the Income Tax Department.

Page 12: Structure of TAN

The structure is defined as:

  • First four letters are alphabets, the first three signify the jurisdiction code.

  • The fourth letter is an initial related to the TAN holder's name.

  • The subsequent five digits are numeric, while the last is again an alphabet.

    • Example: PNE S 03028 F

Page 13: Offline Application for TAN

To apply offline:

  • Complete the manual application form, Form 49B.

  • Provide a signature as instructed.

  • Attach necessary documents and pay ₹77 (₹65 + 18% GST).

  • Submit to TIN Facilitation Centers.

Page 14: Shop Act Registration Overview

According to the Shop & Establishment Act, every shop or commercial entity must secure a Shop Act License within 60 days of commencing operations. However, companies with fewer than 10 employees do not need this registration.

Page 15: Worker Rights under the Shop Act

Key provisions include:

  • Every worker is entitled to a weekly holiday of at least 24 consecutive hours.

  • Paid leave entitlements consist of weekly holidays, annual casual leaves, and a maximum accumulation of earned leave (up to 45 days).

Page 16: Welfare Provisions for Workers

Employers must ensure:

  • Health and safety measures including cleanliness, lighting, ventilation, and fire prevention.

  • Provisions for first aid, drinking water, latrines, creche facilities, and canteens.

Page 17: Document Check List for Shop Act Registration

Key documents required include:

  1. Annexure for establishment premises.

  2. Self-declaration annexures (A, B, C).

  3. Recent photographs and signature proofs.

  4. Identity proof (Driving License, Passport, etc.) for the applicant.

  5. Photograph of the shop/establishment.

Page 19: Udyam Registration Overview

Udyam Registration is aimed at MSMEs providing them with a unique Identity Number, serving as a recognition certificate for micro, small, and medium enterprises. It aims to deliver multiple benefits to their businesses.

Page 20: Udyam Registration Eligibility and Benefits

Eligibility is based on:

  • Micro Enterprises: Annual turnover up to ₹5 crore, investment up to ₹1 crore.

  • Small Enterprises: Turnover between ₹5 crore to ₹75 crore, investment up to ₹10 crore.

  • Medium Enterprises: Turnover from ₹25 crore to ₹250 crore, investment up to ₹50 crore.

Page 21: Features of Udyam Registration

Key features include:

  • Permanent registration number with online certificates issued featuring a dynamic QR code.

  • Registration does not require renewal and is offered free of cost through government-supported facilitation.

Page 22: Required Information for Udyam Registration

Necessary details include:

  • PAN of the organization, GST Registration, proprietor's Aadhaar, mobile number, date of business commencement, bank account details, employee count (male/female), business nature, and latest audited financial statements.

Page 23: Sample Udyam Registration Certificate

The certificate outlines essential business details including registration number, address, business commencement date, and classification codes along with a disclaimer note affirming its computer-generated status.

Page 24: Conclusion

The presentation concludes with contact information for further assistance provided by Adv. Dnyaneshwar U. Narwade, including mobile phone and email for inquiries.