Cabinet approval to PAN 2.0: Will your existing PAN card become useless? Read the answers to all the questions
PAN 2.0 project In line with the Central Government’s flagship program, Digital India, citizens will soon get a new PAN card with QR code facility. Rs 1435 crore will be spent on this project. Information and Broadcasting Minister Ashwini Vaishnav said that the PAN card is a part of our lives. It is important for everyone, including the middle class and small businesses.
New Delhi—PAN 2.0 project The Cabinet Committee on Economic Affairs has approved the Income Tax Department’s PAN 2.0 project. Citizens will soon get a new PAN card with a QR code facility in line with the Central Government’s flagship program, Digital India.
Rs 1435 crore will be spent, QR code will be installed
Rs 1,435 crore will be spent on this project. Information and Broadcasting Minister Ashwini Vaishnav said that the PAN card is a part of our lives. It is important for everyone, including the middle class and small businesses. Under the PAN 2.0 project, the existing system will be completely upgraded, and a QR code facility will be provided. It will be completely paperless and online.
There was a demand from the business world
There was a lot of demand from the business world can there be a single identifier instead of three or four different ‘common business identifiers’? Given this, PAN, TAN, etc. will be integrated. PAN data vault system will also be made mandatory.
The security of PAN will be stronger
He said that people give PAN details in many places. The data vault system will ensure that those who have taken our PAN details will keep them safe. There will be a unified portal. Full attention will be given to resolving complaints. If people have any kind of problem, it will be resolved soon.
Know the answer to every question
Is there a need to apply for 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. It will not become invalid.
Will you get a new PAN card?
-Yes, you will get a new PAN card. What new features will you get in the new PAN card?
-According to Vaishnav, the new card will have features like QR code.
Do you need to pay for a PAN upgrade?
-Ashwini said that the upgrade of PAN will be free and it will be delivered to you.
