Now there is a no
requirement of PAN in the form of a laminated card in case of corporate assesses.
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.
(Press release, Dated
14-04-2018)
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
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.
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