Starting a business in India requires proper tax registration and compliance with government regulations. Employer Identification Number (EIN) is associated with the US, whereas in India, businesses need a similar registration to comply with taxation and business laws. In India, this function is fulfilled by different tax identification numbers, such as PAN (Permanent Account Number) and GSTIN (Goods and Services Tax Identification Number). If you are looking for EIN registration in Delhi or anywhere in India, then Startup Club India is here to guide you throughout the entire process, making the process easy and hassle-free.
An Employer Identification Number (EIN) is a unique identification number assigned to businesses for tax and regulatory purposes. India does not have a direct equivalent of the EIN used in the US; businesses in India must obtain their own tax identification numbers, depending on their nature and operations. These include:
PAN (Permanent Account Number) - This is needed for all businesses to conduct financial transactions and file taxes.
For everyone, be it sole proprietor, partnership firm or private limited company, registering for tax identification numbers is a must. Mentioned below are some reasons why EIN registration is important:
If you want to obtain an EIN number, known as a TAX Identification in India, follow the steps mentioned below:
All businesses in India must have a PAN number. From the Income Tax Department, you get your PAN number issued. Here is how you can apply:
Open the official portal of the Income Tax Department.
Visit the closest PAN facilitation centre or NSDL TIN-FC (Tax Information Network Facilitation Centre).
If your business is engaged in the supply of goods and services with a turnover crossing 40 lakhs, you must apply for GSTIN.
If your business deducts tax at the source, then applying for TAN is compulsory.
While the Employer Identification Number (EIN) is a U.S. term, businesses in India must complete their own tax and business registrations, such as PAN, GSTIN, and TAN. If you’re planning to register your company in India. Then, you must understand the necessary registrations and compliance requirements. Startup Club India can help you simplify the process. Besides India, we also provide our services in other countries as well, like the United States, the United Kingdom, the United Arab Emirates, Canada, Australia, Singapore, Germany, Hong Kong, and South Africa.