- agastya9
- 25 Nov 2024 10:51 PM
- PAN2.0, PANCard
The Indian government has announced the launch of PAN 2.0 under its flagship Digital India programme. This initiative by the Income Tax Department aims to re-engineer taxpayer registration services, introducing modernized, technology-driven processes to enhance the digital experience for taxpayers.
What is PAN 2.0?
PAN 2.0 is an upgraded version of the current PAN/TAN system, consolidating core and non-core activities and integrating PAN validation services. The initiative focuses on providing a unified, paperless, and fully online system. With a budget allocation of ₹1,435 crore, PAN 2.0 promises ease of access, faster service delivery, improved data consistency, eco-friendly processes, and cost optimization.
Key Features of PAN 2.0
- QR Code-Enabled PAN Cards: The new PAN cards will feature a QR code, enhancing accessibility and security.
- Unified Portal: A single portal will handle all services, eliminating the need for multiple platforms.
- Grievance Redressal System: An updated grievance redressal mechanism will ensure timely resolution of taxpayer issues.
- Data Vault System: To safeguard sensitive taxpayer information, a secure PAN Data Vault System is being introduced.
- Common Business Identifier: Efforts are being made to integrate PAN as a universal business identifier.
Do You Need a New PAN Card?
No, you do not need to apply for a new PAN number. However, you will receive an updated PAN card with the new QR code feature. The upgrade process will be free of cost, and the updated cards will be delivered to taxpayers automatically.
Benefits of PAN 2.0
- Enhanced Digital Experience: A streamlined, tech-driven approach for PAN/TAN services.
- Improved Security: With data protection measures like the PAN Data Vault.
- Eco-Friendly Processes: Fully digital and paperless operations.
- Faster Service Delivery: Optimized infrastructure for greater agility.
- Simplified Access: A single, unified platform for all PAN-related services.
Union Minister Ashwini Vaishnaw highlighted that the project aims to modernize the PAN system while maintaining convenience for taxpayers. With 78 crore PANs issued to date, this upgrade is set to benefit millions, ensuring a smoother, more secure experience.
