PAN 2.0 - Will Your Old PAN Still Work? How To Get This QR Enabled Card?
As the Center announced the PAN 2.0 Project of the Income Tax Department, residents will soon receive a new PAN card with a QR code feature, in keeping with the central government's flagship initiative, wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital India.
PAN 2.0 is an e-Government project that will update the present PAN/TAN 1.0 eco-system by combining the core and non-core PAN/TAN activities and providing PAN validation services. Its goal is to re-engineer the business processes of taxpayer registration services. It would guarantee that PAN/TAN services are transformed by technology to improve taxpayers' wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital experiences.
PAN 2.0 is an e-Government project that will update the present PAN/TAN 1.0 eco-system by combining the core and non-core PAN/TAN activities and providing PAN validation services. Its goal is to re-engineer the business processes of taxpayer registration services. It would guarantee that PAN/TAN services are transformed by technology to improve taxpayers' wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital experiences.
The government will invest 1435 crore in the project to offer advantages like a single source of truth and data consistency, eco-friendly procedures, cost and security optimization, infrastructure optimization for increased agility, ease of access, and quick service delivery with better quality.
"The wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital backbone will be introduced in a novel manner, and the current system will be improved. Our goal is to establish it as a standard corporate identity. It will be entirely online and paperless, with a single site. During a cabinet briefing on Monday, Union minister Ashwini Vaishnaw said that the grievance redressal mechanism will be the main focus.
"The wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital backbone will be introduced in a novel manner, and the current system will be improved. Our goal is to establish it as a standard corporate identity. It will be entirely online and paperless, with a single site. During a cabinet briefing on Monday, Union minister Ashwini Vaishnaw said that the grievance redressal mechanism will be the main focus.
Pan 2.0: FAQs Answered
1. Do you need to apply for a new PAN Card? Will your current PAN card be invalid?
Union minister Ashwini Vaishnaw said there is no need to change the PAN number.
2. Will you get a new PAN card?
Yes, you will get a new PAN card.
3. What new features will you get in a new PAN card?
As per Vaishnaw, the new card will be enabled with features like a QR code.
4. Do you need to pay for PAN upgradation?
Ashwini said that the upgradation of PAN will be free of cost and it will be delivered to you.
Union minister Ashwini Vaishnaw said there is no need to change the PAN number.
2. Will you get a new PAN card?
Yes, you will get a new PAN card.
3. What new features will you get in a new PAN card?
As per Vaishnaw, the new card will be enabled with features like a QR code.
4. Do you need to pay for PAN upgradation?
Ashwini said that the upgradation of PAN will be free of cost and it will be delivered to you.
98% of the 78 crore PANs that have been issued thus far have been issued to people. "The grievance redressal system is being updated," Vaishnaw explained, outlining the advantages of PAN 2.0. The PAN data vault system is being put up for data security. Going to different portals won't be necessary with a single gateway.