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News INCOME TAX

  • Nov 27, 2024
  • PAN 2.0: Upgraded PAN with QR code to work like ‘business Aadhaar’ | What it means for users

    PAN 2.0 Project: The Centre has given its approval to a Rs 1,435-crore PAN 2.0 Project in line with the Modi government’s Digital India mission. PAN 2.0 Project is an e-governance project for re-engineering the business processes of taxpayer registration services through technology driven transformation of PAN/TAN services for enhanced digital experience of the taxpayers.

    Under the PAN 2.0 Project, the updated card will have added features, including QR code for enhanced functionality. The PAN upgrade will be free of cost and the new PAN card will be delivered directly to you, ensuring a seamless transition to the improved system, the government said.

    This will be an upgrade of the current PAN/TAN 1.0 ecosystem consolidating the core and non-core PAN/TAN activities as well as PAN validation service, the finance ministry said in a release.

    The PAN 2.0 Project resonates with the vision of the Government enshrined in Digital India by enabling the use of PAN as Common Identifier for all digital systems of specified government agencies.