PAN (Permanent Account Number) is the 10-character tax identity issued by the Income Tax Department. Every business entity, whether a partnership firm, LLP, company or trust, needs a PAN in its own name to file tax returns, open a bank account and register for GST and IEC. Companies and LLPs usually get their PAN automatically at incorporation; firms and other entities apply online.
Why a business needs PAN
- Filing income tax returns and paying advance tax
- Opening a current account
- Registering for GST and getting an IEC to export
- Deducting TDS and entering high-value transactions
Documents you need
- Proof of the entity: partnership deed, LLP agreement, certificate of incorporation or trust deed
- Address proof of the business
- Details and ID of the partner, director or authorised signatory
- For a sole proprietorship, the owner's personal PAN is used
How to apply
- Companies and LLPsPAN is issued with the Certificate of Incorporation through the MCA forms.
- Firms, trusts and othersApply online in the PAN application form for non-individuals on the authorised PAN portals.
- Upload proof and pay the feeSubmit the entity proof and pay the small processing fee.
- Get e-PAN and the cardAn e-PAN is emailed, and a physical card can be dispatched.
Frequently asked questions
Does a proprietorship need a separate PAN?
No. A sole proprietorship uses the owner's personal PAN.
Do companies apply for PAN separately?
Usually not. PAN is allotted at incorporation through the SPICe+ form.
Can a business have more than one PAN?
No. Holding more than one PAN is not allowed.
Is PAN needed for an IEC?
Yes. The IEC is issued against the PAN of the business.
How BuyGenix Solutions helps
We handle the application or filing, check the details match your other registrations, and keep track of deadlines and renewals. BuyGenix members can also see live buyer requirements from importers in India and abroad.
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BuyGenix Solutions handles pan application for business and every related registration your business needs, from documentation to filing.
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