PAN 2.0 Benefits- PAN is a unique 10-digit number issued by the Income Tax Department. It includes English letters along with numbers. This number is uniquely issued to Indian taxpayers. The central government has implemented the QR code based system under PAN 2.0. This scheme has been brought with the aim of improving the existing system of issuing PAN.
Ashwini Vaishnav said, there were security flaws in the old PAN card. Due to which cases of fraud were increasing. The identity of the person was also being stolen through the PAN card. Also, the software operating the old card is also 15 to 20 years old. Which causes problems many times.
No, the existing PAN cards will remain valid even after the new system is introduced. These cards will continue to work until a new card is made. After PAN 2.0 is made, the use of the new card will be mandatory. No, if you are updating the old card then the PAN number will remain the same. But when you make a PAN card for the first time, you will get a new PAN number along with PAN 2.0.
Do you have to apply for a new card?
No, people who already have PAN cards will not need to apply for a new card. Yes, if there is any change in the information related to the card, then one will have to apply for PAN 2.0 card. The purpose of introducing this is that it will be easy to identify fake cards and income taxpayers will not be able to keep more than one PAN card. The PAN cards issued under the new system will be equipped with QR code. Due to which the details recorded on the card can be verified through digital medium.
5 Big benefits of PAN 2.0 Card
1. Fake cards will not be made, cases of fraud will stop.
2. The card will not be misused without your consent or knowledge.
3. Your information will be updated in the PAN card.
4. Since online verification will be done, you will not have to give full details of the PAN card everywhere.
5. The PAN card will be similar to the Mosque Aadhar card. That is, your PAN card number will not be visible.
PAN 2.0 will be different from the old PAN card. A digital card will be made in it. Till now, PAN related services are available on e-filing portal, UTIITSL portal and Protian e-governance portal but after the implementation of PAN 2.0, all these services will be available on one portal. If you do not have a PAN card, you can apply through the official website of Income Tax. PAN 2.0 can be downloaded from the official website of Income Tax, UTIITSL and NSDL. It will be available in PDF format. You can save it in your mobile.