Companies can obtain PAN or TAN registration more easily

Q.  Companies can obtain PAN or TAN registration in how many days if they submit digital signature certificate based application?
- Published on 25 Jul 16

a. 2
b. 3
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ANSWER: 1
 
Companies can now submit PAN or TAN registration within a single day if they submit digital signature certificate based application thereby ensuring ease of doing business
  • Individuals can also get a new Permanent Account Number through Aadhaar based e-signature facility to reduce effective time in allotment.
  • Fast tracking the allotment of PAN and Tax Deduction and Collection Account Number (TAN) to company applicants, digital signature certificate based applications have been introduced on portals of PAN service providers.
  • This includes NSDL eGov and UTIITSL.
  • As part of the new process, PAN and TAN will be allowed within a single day.
  • Seeding of Aadhar in PAN will curb the problem of duplicate PAN.

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