PAN 2.0: Do You Need to Apply? Key Benefits, Features, and More
Paras Bisht | November 26, 2024
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Government has unveiled Rs 1,435 crore PAN 2.0 Project, aiming at making the Permanent Account Number (PAN) a ‘common business identifier’ for all government agency digital systems. Here’s what you need to know about this new project.
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Image: Canva
Yes, the existing PAN cards will remain valid. Individuals are not required to apply for a new PAN card unless they wish to.
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Image: Canva
The upgrade to PAN 2.0 is optional. Taxpayers can choose to apply for the new PAN card, which comes with enhanced features like QR codes, at their discretion.
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Image: Canva
The upgrade will be provided at no additional cost to individuals.
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Image: Canva
The PAN 2.0 initiative offers several advantages:
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Image: Canva
The project aims to revolutionise taxpayer registration services with cutting-edge technology.
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Image: Canva
Enhanced ease of access and improved service quality will ensure faster processing times for PAN-related services.
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Image: Canva
With PAN 2.0, taxpayer information will have fewer errors, ensuring better consistency across systems.
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Image: Canva
The initiative promotes sustainability by reducing the use of paper in the process.
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Image: Canva
Taxpayers can upgrade to the new PAN card without incurring any additional costs.
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