Now get PAN card within a day -Know how
For greater ease of doing business in India, the CBDT on Monday said it has put in place new protocols which will ensure that corporates are allotted PAN and Tax Deduction Account Number (TAN) within a day.
New Delhi: For greater ease of doing business in India, the CBDT on Monday said it has put in place new protocols which will ensure that corporates are allotted PAN and Tax Deduction Account Number (TAN) within a day.
Interacting with reporters here, Central Board of Direct Taxes (CBDT) Chairman Atulesh Jindal said the Income Tax department had recently introduced the facility for corporates allowing them to apply for TAN using digital signatures, while individuals can now get a new PAN through Aadhaar-based e-signature facility which will reduce the effective time in allotment of the unique I-T department issued number by half.
"CBDT has agreed to seamless exchange of data with Ministry of Corporate Affairs to ensure that upon incorporation of a company by MCA the PAN and TAN number are allotted within a day. The process of getting a PAN or TAN has been fast-tracked for all category of taxpayers," he said.
Jindal said the new measures are specifically aimed to ensure "ease of doing business in the country" and help taxpayers in getting PAN quickly.
"The PAN number has been made the unique business identifier for all different categories of businesses not only for assessees of the Income Tax department but also for other organisations.
"We have taken certain steps for easing the allotment of the PAN number and the process has been made totally digitised. Besides this, the corporate assessees who are filing applications on e-biz platform and the corporate who is coming to us for allotment of PAN, now such a corporate can file such an application online using the digital signature. No physical document is required to be attached along with the application," he said.
The CBDT boss said for normal taxpayers and those in the non-corporate category, these processes have also been digitised.
"They (taxpayers) can also file the application without any annexure using digital signature. Besides that, we have also introduced another facility, a convenient facility for those who do not have digital signature. They can file using Aadhaar-based e-signature facility," Jindal said while talking about processes that will be available to individuals seeking a PAN.
As many as 20 central government services including industrial licence and employer registration have been integrated with the e-Biz platform, in a move aimed at improving ease of doing business.
The e-biz project has started with the objective of providing government services through a single-window portal.
About a crore Aadhaar numbers have been linked with the I-T department issued Permanent Account Number (PAN) on the e-Biz portal till now.