New Delhi, April 14, 2018

MCA incorporation certificate sufficient proof of PAN/TAN, no need to obtain PAN card separately under Section 139 of I-T Act

The Centre has clarified that corporate assessees can use the PAN and TAN numbers mentioned in the certificate of incorporation issued by the Corporate Affairs Ministry.

This also will be treated as “sufficient proof” of Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the said company assessees, an official release.

This would mean that corporate assessees need not separately obtain PAN card under section 139 of Income-Tax Act.

It may be recalled that Finance Act 2018 had removed the requirement of issuing PAN in the form of a laminated card.

In case of a company, an application for incorporation, allotment of PAN and allotment TAN may be made through a Common Application Form submitted to the MCA. In these cases, the COI issued by MCA contains a mention of both PAN and TAN.

[The Hindu Business Line]