Indian Companies Can Now Obtain PAN or TAN Registration Within a Day
Companies can now obtain PAN or TAN registration within a day if they submit digital signature certificate-based application, thereby ensuring ease of doing business, Income Tax department said today.
Besides, individuals can now get a new Permanent Account Number (PAN) through Aadhaar-based e-signature facility which will reduce the effective time in allotment.
For fast-tracking the allotment of PAN and Tax Deduction and Collection Account Number (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 on-line application," a tax department statement said.
Similarly, a ne...