Different AO codes for PAN and TAN

Mitali (Finance Professional) (14996 Points)

23 January 2023  

AO codes stand for "Assessing Officer" codes which are used by the Income Tax Department to identify the specific officer responsible for assessing a particular taxpayer's tax return. PAN (Permanent Account Number) is a unique identification number assigned to individuals and businesses by the Income Tax Department to keep track of their tax-related transactions. TAN (Tax Deduction and Collection Account Number) is a unique identification number assigned to individuals and businesses who are responsible for deducting or collecting tax at source. Both PAN and TAN are required to be quoted on various tax-related forms and returns.