PAN 2.0: The Income Tax Department’s PAN 2.0 Project has acquired approval from the Cabinet Committee on Economic Affairs (CCEA). This initiative seeks to reinforce and digitise PAN and TAN administration programs, bettering accessibility and effectivity.
The modernised system goals to ship improved service effectivity, strong grievance decision, and strengthened knowledge safety. Users will profit from streamlined on-line purposes, simplified updates, and digital PAN validation.
Existing PAN card holders can relaxation assured as no reapplication is important underneath the federal government’s new scheme. During the Cabinet briefing, Union Minister Ashwini Vaishnaw clarified that the improved PAN card options, together with the newly integrated QR code, wouldn’t incur any further prices for taxpayers.
What is PAN 2.0?
The PAN 2.0 Project represents an digital governance initiative by the Income Tax Department, aimed toward modernising taxpayer registration providers. This initiative focuses on bettering PAN providers by up to date technological options. The undertaking consolidates all PAN-related processes, together with allotment, updates and modifications, while incorporating TAN providers into its framework.
Additionally, the undertaking will provide on-line PAN authentication and validation providers to varied organisations, together with monetary establishments, banks, and governmental our bodies at each central and state ranges.
PAN 2.0 FAQs Answered:
For higher readability on the PAN 2.0 undertaking and what it means for taxpayers, the Ministry of Finance has launched a listing of FAQs or Frequently Asked Questions:
(*10*)How will PAN 2.0 be totally different from the present setup?
- Integration of Platforms: Currently, PAN providers function throughout three separate portals (e-Filing Portal, UTIITSL Portal and Protean e-Gov Portal). The PAN 2.0 Project will consolidate all PAN/TAN providers onto a single unified ITD portal. This centralised platform will present complete providers together with allocation, updates, amendments, Online PAN Validation (OPV), Know your AO, AADHAAR-PAN linking, PAN verification, e-PAN requests, and PAN card reprint purposes.
- Digital Transformation: The system will implement a full on-line paperless workflow, changing the present operational strategies.
- Taxpayer facilitation: PAN allocation, updates and corrections will be offered for free of charge, with e-PAN paperwork delivered to registered electronic mail addresses. Physical PAN playing cards require a separate utility with a Rs 50 price for home supply. For worldwide supply, candidates should pay Rs 15 plus precise India publish expenses.
(*10*)Do present PAN CARD holders have to use for a new PAN underneath the upgraded system? Do you could change your PAN quantity?
No. Holders of present PAN playing cards needn’t fear about acquiring a new PAN underneath the upgraded system (PAN 2.0). Their present PAN numbers stay legitimate and unchanged.
(*10*)If new PAN playing cards are QR code enabled, will older ones proceed to operate as it is? What will QR code assist with?
- QR codes have been a commonplace characteristic on PAN playing cards since 2017-18, and this performance will be enhanced underneath the PAN 2.0 undertaking by dynamic QR codes that mirror essentially the most present data within the PAN database. Those who possess older PAN playing cards with out QR codes can request new ones that includes QR codes by both the present PAN 1.0 system or the newer PAN 2.0 platform.
- The QR code serves as a device for authenticating each the PAN and its related data.
- Currently, verification of QR code data requires a devoted reader utility. When scanned utilizing this utility, it shows complete data together with the {photograph}, signature, identify, Father’s Name / Mother’s Name, and Date of Birth.
(*10*)Do I would like to alter my PAN card underneath the PAN 2.0?
No, present PAN cardholders needn’t change their playing cards except they require updates or corrections. All legitimate PAN playing cards will stay operational underneath PAN 2.0.
(*10*)For individuals holding a couple of pan, how will you determine and weed out the additional PAN ?
According to the Income-tax Act, 1961, holding a number of PANs isn’t permitted. Individuals with a number of PANs should inform their Jurisdictional Assessing Officer to have further PANs deactivated or deleted.
PAN 2.0 introduces subtle programs to detect potential duplicate PAN purposes. Its centralised mechanism for resolving duplicates will considerably scale back cases of people holding a number of PANs.
(*10*)What does the “Unified Portal” imply?
Currently, PAN providers function throughout three separate portals. The new PAN 2.0 Project will consolidate all PAN/TAN providers onto a single built-in portal managed by the Income Tax Department. This unified platform will embody complete providers together with allocation, modifications, corrections, Online PAN Validation (OPV), AO data, AADHAAR-PAN linking, PAN verification, e-PAN requests and PAN card reprinting amenities.
This consolidation goals to streamline processes and get rid of delays in service supply and grievance decision that beforehand occurred as a consequence of a number of utility channels (on-line eKYC, on-line paper mode and offline submissions).
(*10*)Do individuals have an choice to get corrections finished on PAN, like identify, spellings, handle change and many others?
PAN Card holders can replace or right their present PAN data, together with electronic mail, cell, handle, and private particulars like identify and date of start, with none expenses as soon as the PAN 2.0 Project begins.
Before the PAN 2.0 undertaking launch, holders can modify their electronic mail, cell and handle particulars for free of charge by Aadhaar-based on-line providers by visiting:
* https://www.onlineservices.nsdl.com/paam/endUserAddressUpdate.html
* https://www.pan.utiitsl.com/PAN_ONLINE/homeaddresschange
For all different PAN element modifications or corrections, holders should observe the present process, which entails both visiting bodily centres or submitting on-line purposes with relevant charges.
Lots of people have not modified their addresses and are persevering with with previous handle. How will the new PAN be delivered? By when will the new PAN Card get delivered?
PAN cardholders will obtain a new card provided that they particularly request one as a consequence of obligatory updates or corrections of their present PAN particulars. For those that want to modify their previous handle, a complimentary Aadhaar-linked on-line service is on the market by these web sites:
* https://www.pan.utiitsl.com/PAN_ONLINE/homeaddresschange
* https://www.onlineservices.nsdl.com/paam/endUserAddressUpdate.html
Once accomplished, the handle modification will be mirrored within the PAN database system.
(*10*)What is – the “Common Business identifier for all business-related activities in specified sectors”?
The Union Budget 2023 introduced that organisations requiring a PAN would utilise it as their unified identifier throughout digital platforms of designated authorities businesses.
(*10*)Will Common Business identifier exchange the present distinctive taxpayer identification quantity i.e. PAN?
No, the present PAN will function the Common Business identifier.
