PAN Card 2.0: Will Your Old PAN Work?
What is Pan Card 2.0 Project?
The Union Cabinet has approved the 1,435 crore PAN Card project, an initiative to transform taxpayer registration services and promote ease of access.
Will your PAN card be invalid?
There`s no need to change your PAN number. Your current PAN card will remain valid, but with an upgraded system.
Will you receive a new PAN card?
Yes, existing users will receive a new PAN card with additional features, confirmed Union Minister Ashwini Vaishnaw.
New features in the upgraded PAN
The PAN card 2.0 will have upgraded features like a QR code, enhanced security, and quicker validation.
Do you need to pay for PAN card upgrade?
The ministry has confirmed that the upgrade will be free of charge. The upgraded PAN card will be delivered free of charge to tax payers.
Do you need to apply for a new PAN card?
No, taxpayers don`t have to apply for a new PAN card. Their old document will still be valid. However, you will receive a new PAN card with upgraded features.
How will businesses benefit from PAN?
"The PAN 2.0 Project resonates with the vision of the government enshrined in Digital India by enabling the use of PAN," highlighted Vaishnaw.
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