Thanks to paperless application, companies can now get PAN and TAN within a day

A digital signature certificate based application will allow companies to get PAN or TAN registration within a day, said the Income Tax department. The portals that will provide these services are 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.

For individuals, a new PAN number can be obtained through Aadhaar-based e-signature facility, thus reducing the effective time that the procedure takes.

"Introduction of Aadhaar based e-Signature through NSDL eGov in PAN application not only ensures paperless hassle free PAN application process but also seeding of Aadhaar in PAN which will curb the problem of duplicate PAN to a great extent," said the statement.

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