The Union Cabinet took several important decisions in the meeting held on Monday (November 25). The PAN 2.0 project worth Rs 1,435 crore was approved in the meeting.
It aims to make Permanent Account Number (PAN) a ‘Common Business Identifier’ for all digital systems of government agencies. Under the PAN 2.0 project, the PAN card will be upgraded with a QR code for free.
Union Electronics and IT Minister Ashwini Vaishnav said that the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the Income Tax Department’s PAN 2.0 (PAN 2.0) project. 1435 crore will be spent on PAN 2.0 project.
Advanced Version of PAN/TAN 1.0 Ecosystem
The project aims to provide better quality with ease of access and faster delivery of services. This project is an e-Governance project to re-engineer the business process of Taxpayers Registration Service through technology driven transformation of PAN/TAN service for better digital experience of taxpayers. According to the statement, it will be an advanced version of the existing PAN/TAN 1.0 ecosystem.
Around 78 Crore PAN Cards Issued
Currently around 78 Crore PAN Cards have been issued in the country. 98 percent of these PANs have been issued at the individual level.
What is PAN Card?
It is worth noting that Permanent Account Number i.e. PAN Card is a 10 digit number issued by the Income Tax Department is a very important document for all Indians. They are not only used as identity cards but also used in financial matters. If you want to open a bank account or buy a property, having a PAN card is essential.
The security of the pan will be strict
He said that people give PAN details in many places. The data vault system will ensure that those who have collected our PAN details will keep it safe. There will be a unified portal. Grievance redressal will be given full attention. If people face any kind of problem then it will be solved soon.
Know the answer to every question
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 PAN number. It will not be invalid.
Will you get a new PAN card?
-Yes, you will get a new PAN card.
What new facilities will you get in the new PAN card?
– According to Vaishnav, the new card will have facilities like QR code.
Do you need to pay for pan upgradation?
– Ashwini Vaishnav said that the PAN upgrade will be free and it will be delivered to you.
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