Requirement for obtaining Laminated PAN card relaxed for Companies, where PAN is mentioned by MCA in the Certificate of Incorporation: CBDT Clarification
CBDT has clarified that Laminated Card is not required as proof for PAN/ TAN in the cases where the same is issued/mentioned by MCA in the Certificate of Incorporation (COI) of a company, based on a ‘Common Application Form (CAF)’ for Company Registration (i.e. COI+PAN+TAN).
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 and 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.