New Delhi, March 22, 2017

The Central Board of Direct Taxes (CBDT) has allowed Permanent Account Number (PAN) application through SPICe, a common application form for newly set-up companies.

The Simplified Proforma for Incorporating Company Electronically (SPICe) -- form No INC32 -- was notified by the Corporate Affairs Ministry in January 2017.

Application for allotment of PAN will be filed in SPICe (INC32) form using digital signature of the applicant and after generating corporate identity number, CBDT has said.

The Corporate Affairs Ministry will forward the data in form 49A to the prescribed income-tax authority, according to CBDT.

[The Hindu Business Line]