What is the PAN 2.0 project? A new initiative has been started to reduce the growing fraud on people. The revised PAN card will now include a QR code, making it easier to detect fake cards and speed up taxpayer registration processes.
This announcement has aroused curiosity among citizens. Many people are wondering what this means for their current PAN card. Here is all the information you need to understand and obtain PAN 2.0.
What are the characteristics of PAN 2.0?
The new PAN card will include a scannable QR code, making it almost impossible to forge. This feature is designed to increase security and authenticity.
Filing the ITR will be easy
With PAN 2.0, filing of income tax returns (ITR) will be more seamless, thanks to the advanced ecosystem integrated with the government’s digital platforms.
The digital version of PAN card can be sent directly to your registered email free of cost. You will have to pay a nominal fee of INR 50 for the physical copy.
What will be the benefit?
Citizens can now update their personal details such as email ID, mobile number, address, name or date of birth online without any charges.
Why is PAN 2.0 important?
This initiative is more than just an update; This is a step towards a fraud-free financial system. By integrating modern technology into a vital identification tool like PAN, the government ensures greater security and convenience for taxpayers.
With its support for digital and physical formats, PAN 2.0 promises a user-friendly experience for everyone.
How to get PAN 2.0
Visit the official website of Income Tax Department.
Follow the instructions to apply for your advanced PAN card.
If you opt for the physical card, complete the payment process of ₹50.
Once processed, the new PAN card will be sent to your email, with the option of receiving a physical copy via post.
What will happen to the old PAN card?
The government has clarified that your existing PAN card will remain valid. You can continue using it as usual. However, if you wish, you can apply for the new PAN 2.0 with its advanced features, including the QR code.
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