With an aim to encourage paperless transaction and for fast tracking the allotment of PAN and TAN to company applicants, Digital Signature Certificate (DSC) based application procedure has been introduced on the portals of PAN service providers.
Under the new process PAN and TAN will be allotted within one day after completion of valid on-line application.
Similarly, a new Aadhaar e-Signature based application process for Individual PAN applicants has been made available on the portals of PAN service providers M/s NSDL eGov, the tax department said.
The URL links for the above applications are available in 'important links' on the homepage of the departmental website 'incometaxindia.gov.in'.
Introduction of Aadhaar based e-Signature through M/s 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, it added.