look news india
Cabinet decision: Modi government has made a big announcement for the taxpayers in the cabinet meeting held on Monday. Union Minister Ashwini Vaishnav said that the PAN 2.0 project has been approved in the cabinet meeting chaired by Prime Minister Narendra Modi. The government will spend Rs 1435 crore on this project.
With the approval of PAN 2.0 project, taxpayers are confused about PAN card. There are many questions in the minds of taxpayers regarding PAN card, whether they will not get any benefit from their existing PAN card, will they have to get a new PAN made in its place or will it be necessary to have both the PAN cards?
So let us tell you that the card made under the PAN Card 2.0 project is an upgraded version of the PAN Card 1.0 project. This PAN will have a QR code and taxpayers will not have to spend a single penny to generate it. There is no need to go anywhere for this. The new PAN will be generated through an absolutely free online process.
These changes will happen in the new PAN
The PAN 2.0 project aims to improve the digital experience of taxpayers by expediting services. These will be the benefits of new PAN
Streamline the processes: Making service on taxpayer registration easier and faster.
Data integrity: All information will be easily available in one place.
Environment-friendly approach: The work will be done online through an environment-friendly process and will help in reducing costs.
Enhanced Security: The digital infrastructure has been upgraded for better security.
About 78 crore PANs have already been issued. This will provide a better digital experience to 98 percent of them, i.e. almost all existing PAN holders, without any action.