Guidance Needed: Surrendering TAN/PAN

[Ramanathan Seshan]

Dear Experts,

Can someone guide me on the procedure for surrendering the TAN and PAN of a company that has merged/ company closed and strike off from ROC records? Specifically, I’d like to know:

• What is the step-by-step process for surrendering TAN and PAN after a merger?

• What is the eligibility or criteria for making this application?

• Which authority should the application be submitted to, and which form should be used?

• Is there a specific time frame within which the application must be filed?

• How long does it usually take to receive the surrender order or confirmation?

Regards,

S Ram

AI Summary

Navigating Corporate Tax Account Surrender: Key Steps for Companies to Properly Close PAN and TAN Accounts A company seeking to surrender its Tax Deduction and Collection Account Number (TAN) and Permanent Account Number (PAN) after merger or closure must follow a systematic process. This involves filing final tax returns, clearing all liabilities, submitting surrender applications through designated portals using specific forms, and providing necessary documentation to income tax authorities. The process typically takes 15-30 days for processing and confirmation.