PAN 2.0 FAQs: Old PAN card to be invalid? What changes are expected? Check answers

PAN 2.0 FAQs: The Union Cabinet has given a nod to the Rs 1,435 crore PAN 2.0 Project. Union Minister for Information and Broadcasting Ashwini Vaishnaw announced the decision, stating that the project would improve taxpayer registration services using innovative technology, promote ease of access, and improve service quality.

Here are all of your questions regarding the new system and its impact on existing PAN cards answered.

Will your current PAN card be invalid?

There's no need to change your PAN number. Your current PAN will be valid, and the improved system will easily operate with existing PANs.

Will you get a new PAN card?

Existing PAN holders would receive an upgraded card with additional features.

What more features will the enhanced PAN card have?

The new PAN card will have sophisticated features such as a QR code for increased security and faster validation.

Do you have to pay for the PAN card upgrade?

The ministry said that the upgrade will be free. The upgraded PAN card will be provided to taxpayers at no additional cost.

Do you need to apply for a new PAN Card?

No, you do not need to apply for a new PAN card. Ashwini Vaishnaw affirmed that the existing PAN cards will remain valid. However, you will be given an upgraded PAN card with new features.

What benefits does PAN 2.0 provide for taxpayers?

Vaishnaw emphasised the benefits, stating, "The PAN 2.0 Project resonates with the Government's vision enshrined in Digital India by enabling the use of PAN as a Common Identifier for all digital systems of specified government agencies."

What are the benefits of PAN 2.0 for businesses?

Businesses will benefit from a centralised system for PAN/TAN services. "We'll see if it can serve as a common business identifier," Vaishnaw stated. "A unified portal will be established, which will be entirely paperless and online, with a strong focus on grievance redressal."

- PTC NEWS

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