<h1>CBDT and MCA streamline PAN and TAN issuance for new companies to one day, enhancing ease of business in India.</h1> The Central Board of Direct Taxes (CBDT) has collaborated with the Ministry of Corporate Affairs to streamline the issuance of Permanent Account Numbers (PAN) and Tax Deduction Account Numbers (TAN) for newly incorporated companies, achieving issuance within one day. Companies apply through a common form on the MCA portal, and upon data transfer to CBDT, PAN and TAN are issued without further applicant intervention. This initiative, which includes the introduction of electronic PAN cards, aims to enhance India's Ease of Doing Business ranking by simplifying and expediting the registration process, benefiting over 19,000 companies by March 2017.