What is a Business PAN?
PAN stands for Permanent Account Number. It is a 10-character code of letters and numbers issued by the Income Tax Department. A Business PAN is the PAN given to a business entity, such as a company, LLP, partnership firm, trust or association, in the name of that entity and not in the name of its owner.
This PAN is used to file the entity's Income Tax Return, pay tax, open a bank account, register for GST, deduct TDS and carry out other financial work.
CA Arpit Gupta helps businesses apply for a new PAN, correct details in an existing PAN and solve PAN-related problems.
Which Businesses Need a Separate PAN?
Not every business needs a separate PAN. This depends on the structure of the business.
| Business Structure |
Separate PAN Needed? |
|
Sole Proprietorship
|
No. The owner uses their personal PAN
|
|
Partnership Firm
|
Yes. The firm needs its own PAN
|
|
LLP
|
Yes. PAN is usually given at the time of incorporation
|
|
Private Limited Company
|
Yes. PAN is usually given at the time of incorporation
|
|
One Person Company
|
Yes. PAN is usually given at the time of incorporation
|
|
Public Limited Company
|
Yes
|
|
HUF
|
Yes. HUF has its own PAN
|
|
Trust, Society and Association
|
Yes
|
|
Association of Persons (AOP) or Body of Individuals (BOI)
|
Yes
|
What Does the PAN of a Business Look Like?
A PAN has 10 characters, for example ABCDE1234F. The fourth character shows the type of holder.
| 4th Character |
Type of Holder |
|
C
|
Company
|
|
F
|
Firm or LLP
|
|
H
|
Hindu Undivided Family (HUF)
|
|
A
|
Association of Persons (AOP)
|
|
B
|
Body of Individuals (BOI)
|
|
T
|
Trust
|
|
L
|
Local Authority
|
|
J
|
Artificial Juridical Person
|
|
G
|
Government
|
|
P
|
Individual (person)
|
The fifth character is the first letter of the name of the entity. The last character is a check letter.
Why Does a Business Need a PAN?
- Income Tax Return
- Bank account
- GST registration
- TDS and TCS
- Large transactions
- Loans and credit
- Tenders and contracts
- Investment and refunds
What Documents Are Needed for a Business PAN Application?
| Entity |
Main Documents |
|
Company
|
Certificate of Incorporation
|
|
LLP
|
Certificate of Incorporation or LLP registration proof
|
|
Partnership Firm
|
Partnership Deed or Registration Certificate
|
|
Trust
|
Trust Deed or Registration Certificate
|
|
Society or Association
|
Registration certificate or agreement
|
|
AOP or BOI
|
Agreement or Charity Commissioner or court order, as applicable
|
|
HUF
|
Affidavit by Karta and details of members
|
How Does the Business PAN Application Process Work?
- Call or WhatsApp us on +91-7081220600
- Tell us your entity type and share its basic details
- We list the documents you need for your entity
- You send the documents by email or WhatsApp
- We fill the application on the authorised portal with correct details
- The fee is paid online
- Documents are submitted and verified by the agency, with e-sign or physical copy as needed
- You receive an acknowledgement number to track the application
- PAN is allotted and sent to your address, with an e-PAN by email
What If You Need to Correct or Update Your PAN?
You can apply for corrections if there is an error or a change in:
- Name of the entity
- Address or contact details
- Date of incorporation or registration
- Name of the authorised signatory
- Spelling mistakes or wrong details
The same form is used with the correction option selected, along with supporting proof. The PAN number remains the same. Only the data is updated.
We also help in cases such as:
- Lost or damaged PAN card (reprint request)
- Mismatch of PAN details with GST, bank or MCA records
- Surrender of a duplicate PAN
- PAN linked with the wrong entity or old address
Why Choose CA Arpit Gupta for Business PAN Application?
- Right form and category
- Careful checking names, dates and addresses are matched with your registration papers
- Quick filing
- Full tax and compliance help
- Help with correction cases
- Simple guidance
- Easy contact
Get Your Business PAN Today
Do not let a missing or wrong PAN stop your bank account, GST registration or tax filing. Share your entity details with CA Arpit Gupta and we will take care of your PAN application from start to end.
Call or WhatsApp CA Arpit Gupta at: +91-7081220600.