PAN 2.0 The government has approved the PAN 2.0 project to upgrade the PAN card. PAN cards will now be issued with QR code. In such a situation, the question arises that how will the old PAN card holders get a new PAN card with QR code? Will they have to apply again? How much charge will have to be paid for this?
What is the process of getPAN 2.0 The government has approved the PAN 2.0 project to upgrade the PAN card. PAN cards will now be issued with QR code. In such a situation, the question arises that how will the old PAN card holders get a new PAN card with QR code? Will they have to apply again? How much charge will have to be paid for this? What is the process of getting a PAN card made?ting a PAN card made?
The central government has approved the PAN 2.0 project of the Income Tax Department. Now people will soon get a new PAN card with QR code facility, which will be according to the government’s ambitious campaign Digital India.
In such a situation, many questions are arising in the minds of the people. Such as what is a PAN card, how is a PAN card made, what will happen to the old PAN card now, why is a new PAN card being made, will any fee have to be paid for it. Let’s know the answer to these questions.
What is a PAN card?
Permanent Account Number (PAN) is issued by the Income Tax Department. It is mostly used for financial work. Such as paying income tax, opening a bank account or buying property. PAN card is a 10-digit number, in which all the information related to your financial transactions is recorded. Such as how much you have, how much tax you pay etc. It also contains complete information related to your investment.
Why is the government bringing a new PAN card?
The central government has talked about introducing PAN 2.0 for PAN upgrade. According to Union Minister Ashwini Vaishnav, the PAN 2.0 project is an e-governance initiative aimed at making the use of PAN easy and secure, from PAN authentication to PAN. He said that the software operating the PAN card is 15-20 years old, which needs to be upgraded. Through PAN 2.0, the government wants to give a better digital experience to the taxpayers.
How to get a new PAN card?
If you already have a PAN card, then you do not need to do anything. You will get a new PAN card. There is no fee for this either. It will be delivered to your address. However, if you do not have a PAN card, then you will have to apply for a digital or physical PAN card.
What will be new in the new PAN card?
The new PAN card will have features like QR code (QR code PAN card), which will improve user experience. The government’s aim is to make the PAN 2.0 project more useful under Digital India. It can also play an important role in taking advantage of government schemes. This is the reason why the government is putting a lot of emphasis on linking PAN and Aadhaar.
How will a PAN card be made?
Talking about PAN card, it is also as important a document as the Aadhaar card. Especially, in financial matters, its importance becomes more than the Aadhaar card. You can get it made both physically and digitally. The Income Tax Department has made many PayNearby and retail stores PAN Service Agency (PSA) to get the PAN card made physically. This includes grocery stores, mobile recharge outlets, travel agencies etc.