Firms to get PAN, TAN in a day on paperless application

Companies can now obtain Permanent Account Number (PAN) or Tax Deduction and Collection Account Number (TAN) registration within a day if they submit digital signature certificate-based application, ensuring ease of doing business, income tax department said on Friday.

Besides, individuals can now get a new PAN through Aadhaar-based e-signature facility which would reduce the effective time in allotment.

For fast-tracking the allotment of PAN and TAN to company applicants, digital signature certificate based application procedure has been introduced on the portals of PAN service providers — NSDL eGov and UTIITSL.

“Under the new process PAN and TAN will be allotted within one day after completion of valid online application,” a tax department statement said.

Similarly, a new Aadhaar e-signature-based application process for individual PAN applicants has been made available on the same portals of PAN service providers, as mentioned above.

“Introduction of Aadhaar based e-signature through NSDL eGov in PAN application not only ensures paperless hassle free PAN application process, but also seeding of Aadhaar in PAN which would curb the problem of duplicate PAN to a great extent,” it added.

The URL links for the above applications are available under ‘important links’ on the homepage of the departmental website incometaxindia.gov.in.