PAN Card 2.0: If the new PAN card comes with QR code, what will happen to the old one? Know the answers to all the questions

PAN CARD 2.0: Under the Digital India initiative of the Central Government, citizens of India will soon get a new PAN card with QR code. The Income Tax Department has announced the PAN 2.0 project, an e-governance initiative aimed at improving taxpayer enrollment services. The upgrade will improve the existing PAN/TAN 1.0 system by integrating core and non-core activities and improving PAN verification service.

The government will spend Rs. 1000 for this project. Rs 1435 crore has been allocated, which aims to provide facilities like easy and quick service delivery. PAN 2.0 promises technology driven transformation of PAN/TAN services for taxpayers. The upgraded system will introduce the digital backbone in a new way, aiming to make it a common business identifier.

Existing systems will be upgraded

“It will be paperless and emphasis will be on grievance redressal system,” Union Minister Ashwini Vaishnav said during the cabinet briefing on Monday. The existing systems will be upgraded and the digital backbone will be brought in a new way… we will try.” Make it a common business identifier. This will be an integrated portal.”

Questions and Answers related to PAN 2.0 (PAN 2.0 FAQ)
Do you need to make a new PAN card? Will your existing PAN card become invalid?
Union Minister Ashwini Vaishnav said that 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 the new PAN card?
According to Ashwini Vaishnav, the new card will have features like QR code.

4. Do I have to pay for PAN upgradation?
The upgradation of PAN will be done free of cost and delivered to your address.

What is PAN 2.0 project?
Existing PAN holders, numbering around 78 crore, can upgrade their PAN card. The number or PAN will remain the same for existing users, but the card will have to be upgraded, which the government has said will be free for users. Under the project, the existing PAN system will be completely upgraded, the IT backbone will be improved and PAN will be made a common business identifier for the digital systems of all specified government agencies.

In addition to the QR-code facility for all new and existing PAN cards, the PAN 2.0 project aims to decided under cyber security The aim is to set up a unified portal for all organizations using PAN data. This is being done for data security and cyber security purposes. Existing users will have the option to upgrade to PAN 2.0 card. Details regarding the application process and deadline have not been announced yet by the Income Tax Department. Till now 78 crore PAN cards have been issued

Benefits of PAN 2.0

So far 78 crore PANs have been issued and 98% of them were to individuals. Explaining the benefits of PAN 2.0, Vaishnav said, “The grievance redressal system is being updated. PAN Data Vault System is being established to protect the data. “With the integrated portal, there is no need to visit other portals.”