Union Budget 2023: PAN to be made single ID to boost ease of doing business

Process of acquiring a PAN and linking it with business accounts will be made easier through centralised digitisation platform

Nirmala Sitharaman, Budget 2023
Finance Minister Nirmala Sitharaman
Debarghya Sanyal New Delhi
1 min read Last Updated : Feb 01 2023 | 2:58 PM IST
PAN, the Permanent Account Number, will now be used as a common identifier for all digital systems of specified government agencies, the finance minister Nirmala Sitharaman announced in her Budget 2023 speech as part of the government's move to ensure ease of doing business.

The FM also said that the process of acquiring a PAN and linking it with business accounts will be made easier through centralised digitisation platform.

So far online application can be made from the website of UTIITSL or Protean (formerly NSDL eGov).

The PAN is a ten-character alphanumeric identifier, issued in the form of a laminated "PAN card", by the Indian Income Tax Department, to any person who applies for it or to whom the department allots the number without an application. 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Union BudgetBudget 2023Pan card

Next Story