Add all purpose flour in a mixing bowl. Slowly add water to make a thick paste. Close the bowl with a lid and leave it aside for 1 hour.
Mash paneer nicely. Now add this paneer in the bowl with all purpose flour and mix well. The batter needs to be thick for piping. Do not add any extra water.
Add food colour and mix well.
In a sauce pan, add sugar and 2 cups of water and mix well. Once the sugar dissolves, add saffron strands and lower the flame. Cook the sugar syrup for few minutes tillsugar completely dissolves. Add lemon juice and mix well.
Heat oil in a frying pan. Pour the batter in a sauce bottle or a piping bag. When the oil is hot, lower the flame and slowly press the piping bag in circular motion to make jalebis.
Fry them on low to medium flame till crisp. Drain the oil and immediately drop them in sugar syrup and let them soak for 2 minutes. Remove from the sugar syrup and serve immediately.