PAN, TAN to be allotted to corporates within a day
The Central Board of Direct Taxes on Monday said it has set new protocols, through which corporates will be allotted PAN and Tax Deduction and Collection Account Number (TAN) "within a day". The process has been "totally digitised" and fast-tracked for all category of taxpayers, the CBDT Chairman said. This is aimed at ensuring "ease of doing business", he added.