/popdiaries/media/media_files/2024/11/26/xoeh043BvODE1UwSpd0L.jpg)
Follow Us
Things You Need To Know About The New Pan Card
New Delhi, November, 2019; The Pan 2.0 project of the Income Tax Department of India was given the nod by the Cabinet Committee on Economic Affairs (CCEA) presided by Prime Minister Narendra Modi in order to establish a completely paperless and automated system across the country, this information was released to the press on Monday.
The government plans a technology-driven change for the registration services for taxpayers and provide some of the facilities to the public. The benefits include — Increased access and service velocity with quality improvement. Data is centralized and is consistent, more environmentally sustainable and cost-effective, Security and alignment of infrastructure for flexibility, as stated in the release. The government is assuring ₹1,435 crore for the Pan 2.0 project.
“PAN card is part of our life which is important for the middle class and small business, it has been highly upgraded and PAN 2.0 has been approved today. The existing system will be upgraded and the digital backbone will be brought in a new way...,” said Union Minister Ashwini Vaishnaw, discussing the details of the Pan 2.0 project on Monday.
#Cabinet approves #PAN 2.0 Project of the Income Tax Department. The financial implications for the PAN 2.0 Project will be Rs. 1,435 crore.
— PIB India (@PIB_India) November 25, 2024
The PAN 2.0 Project enables technology-driven transformation of Taxpayer registration services
-Union Minister @AshwiniVaishnaw… pic.twitter.com/WcE9liwweT
Thus, the government wants Pan 2.0 recognized under Digital India, which will make PAN admissible as a universal identifier for several government departments, Pan as a unifying identifier for all digital applications of the specified agencies. Vaishnaw also pointed out that the government wants to target the “grievance redressal system” part since it will offer answers and services to the users.
“It will be tried if it can become a common business identifier. There will be a unified portal, it will be completely paperless and online. The emphasis will be on the grievance redressal system,” said Vaishnaw, who discussed about the new Pan 2.0 project on Monday.
In a more detailed presentation made by Vaishnaw, he also established that currently the PAN system tally is 78 crore PAN cards, of which 98 per cent has been given to individuals. The redesigned system is expected to enhance the existing PAN/TAN 1.0 environment; mergence of PAN/TAN main and subordinate tasks; amalgamation of PAN validation service, according to the official announcement.