CBDT makes obtaining PAN & TAN easier for companies

Deepak Gupta | Apr 15, 2018 |

CBDT makes obtaining PAN & TAN easier for companies

CBDT makes obtaining PAN & TAN easier for companies : PAN & TAN will now be mentioned on certificate of incorporation issued by the MCA and thuscertificate of incorporation will be sufficient proof of PAN & TAN number.

The new Simplified Proforma for Incorporating Company Electronically (SPICe) has addition PAN & TAN application included in it.
The newSimplified Proforma for Incorporating a company can be downloaded from MCA website.
This has eliminated requirement of issuing PAN in the form of a laminated card.
The notification is given below for your reference.


Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

New Delhi, 14th April, 2018

PRESS RELEASE

Requirement for obtaining PAN card u/s 139A of IT Act, 1961 eased for corporate assessees

In case of a company, an application for incorporation, allotment of Permanent Account Number (PAN) and allotment of Tax Deduction and Collection Account Number (TAN) may be made through a Common Application Form submitted to the Ministry of Corporate Affairs (MCA). In these cases, the Certificate of Incorporation (COI) issued by MCA contains a mention of both PAN and TAN.

Finance Act, 2018 amended section 139A of the Income-tax Act, 1961 and removed the requirement of issuing PAN in the form of a laminated card. Hence, it is clarified that PAN and TAN mentioned in the COI issued by MCA shall also be treated as sufficient proof of PAN and TAN for the said company assessees.

(Surabhi Ahluwalia)
Commissioner of Income Tax
(Media & Technical Policy)
Official Spokesperson, CBDT.

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