CBDT issues PAN and TAN within 1 day to
improve Ease of Doing Business

In order to improve the Ease of Doing Business for newly incorporated corporates, CBDT has tied up with Ministry of Corporate Affairs (MCA) to issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) in 1 day.


Applicant companies submit a common application form SPICe (INC 32) on MCA portal and once the data of incorporation is sent to CBDT by MCA, the PAN and TAN are issued immediately without any further intervention of the applicant. The Certificate of Incorporation (COI) of newly incorporated companies includes the PAN in addition to the Corporate Identity Number (CIN). TAN is also allotted simultaneously and communicated to the Company.


Till 31st March 2017, 19,704 newly incorporated Companies were allotted PAN in this manner. During March, 2017, of the 10,894 newly incorporated companies, PAN was allotted within 4 hrs in 95.63% cases and within 1 day in all cases. Similarly, TAN was allotted to all such companies within 4 hrs in 94.7 % cases and within 1 day in 99.73% cases.


CBDT’s initiative in starting of a business is expected to significantly improve the ranking of India in the Ease of Doing Business Study conducted by World Bank by reducing the number of processes of registration before various authorities under law, reducing the time taken for allotment of the registration number (CIN, PAN, TAN) and making the entire registration process for new companies much simpler.


CBDT has also introduced the Electronic PAN Card (E-PAN) which is sent by email, in addition to issue of the physical PAN Card, to all applicants including individuals where PAN is allotted.  Applicant would be benefited by having a digitally signed E-PAN card which they can submit as proof of identity to other agency electronically directly or by storing in the Digital Locker (https://digilocker.gov.in).



Updated On 11-Apr-2017

Related Metal News

  • Copper mine in Chile-who will bag it?

    Cerro Colorado copper mine located in Chile is owned by the Anglo-Australian firm BHP Billiton the number one miner, headquartered in Australia.

    Update On 17-May-2017

  • Slide in Nickel prices in India.

    The start of this week saw a dip in prices of Nickel at India's Multi Commodity Exchange by a rate of 2.02%.

    Update On 17-May-2017

  • India's diplomacy regarding energy with neighbours

    Despite India's decision to not attend One Belt One Road (OBOR) Summit at Beijing from May 14th to 16th, much work has been reported behind the scenes for power grid development amongst the neighbouri...

    Update On 16-May-2017

  • Expansion of Copper mining in Chile stalled by Polish big player

    The second biggest miner of copper in Europe, KGHM, has stalled its second phase of expansion in its Chile mine due to high costs coupled with a dip of the metal prices.

    Update On 16-May-2017

  • Deadlock over Pebble mine in Alaska eased

    An extended dissension between The US Environmental Protection Agency (EPA) and Northern Dynasty Minerals headquartered at Vancouver, Canada reached a conclusion last week on Friday.

    Update On 15-May-2017

Other Tools : 
[ Today's Prices ] [ Upcoming Tradeshows ] [ Market Research ] [ Demand and Supply ] [ About Metals ]

Import data

  • 1323 kgs. of 'Brass Strip' imported at PATPARGANJ port in July, 2016.
  • 2897 kgs. of 'Brass Strip' imported at PATPARGANJ port in January, 2016.

Export data

  • 1351 kgs. of 'Brass Rod' exported from MUNDRA port in January, 2016.
  • 2143 kgs. of 'Copper Strip' exported from JNPT port in February, 2016.

Project News



Powered by tendertiger.com