Income Tax & TDS
PAN, TAN, income tax returns, TDS statements and notice replies.
PAN Card Application
Apply for a new PAN card online with Vibence. Professionals prepare your PAN application, check your documents and track it until your e-PAN is issued.
Income Tax Return Filing
File your income tax return with Vibence. Professionals prepare ITRs for salaried people, freelancers, firms, LLPs and companies and file them on time.
TAN Registration
Apply for TAN registration with Vibence. Professionals prepare your application so you can deduct or collect tax at source, deposit it and file TDS returns.
TDS Return Filing
File quarterly TDS returns with Vibence. Professionals prepare salary and non-salary TDS statements, match challans and issue Form 16 and 16A certificates.
TDS FVU File Generation
Get your TDS statement prepared and FVU file generated with Vibence. Professionals use the Protean RPU and FVU utilities so your file is ready to upload.
Income Tax Notice Reply
Received an income tax notice? Vibence connects you with professionals who review it, prepare a documented reply and file it on the e-filing portal on time.
Income Tax & TDS: common questions
Who needs a PAN?
A PAN is needed by anyone who earns taxable income, files an income tax return, runs a business or profession with turnover above the prescribed limit, or carries out specified transactions such as opening a bank account, buying property above certain values or investing in securities. Companies, LLPs, firms, trusts and other entities also need their own PAN.
Who must file an income tax return?
You must file a return if your total income before certain deductions exceeds the basic exemption limit. Filing is also required in some other cases, such as holding foreign assets, making large cash deposits or incurring high foreign travel or electricity spending. Companies, LLPs and partnership firms must file every year, even if they had a loss or no income.
Who needs to apply for a TAN?
Any person who is required to deduct tax at source or collect tax at source must obtain a TAN. This includes companies, LLPs, firms, trusts and individuals or proprietors who are liable to deduct tax on payments such as salary, rent, professional fees, commission or contract payments. Certain individuals deducting tax only on specific transactions may be exempt.
Who needs to file TDS returns?
Any person who has a TAN and has deducted tax at source during a quarter must file a TDS statement for that quarter. This includes employers deducting tax on salaries and businesses deducting tax on rent, professional fees, commission, interest, contract payments and payments to non-residents. Separate statements are filed for different categories of payments.