November 30,2024 - The PAN 2.0 Project is a new system by the Income Tax Department to improve how PAN cards are managed and updated. Here's what you need to know:

What is PAN 2.0?

It is a system to make PAN card services faster and better by using advanced technology. All services related to PAN cards, like getting a new PAN, updating details, or correcting mistakes, will be available on one single portal.

Do I need a new PAN card under PAN 2.0?

No, if you already have a PAN, you don’t need a new one. You can update or correct your PAN details for free after the system starts.

What’s new in PAN 2.0?

1. One platform: All PAN-related services will be on one website. You can do things like apply for a PAN, update details, link it with Aadhaar, and verify your PAN on this portal.

2. Paperless process: Everything will be done online.

3. Free updates: You can update your PAN details for free, but if you want a physical card, you will pay Rs. 50/- (in India).

What about older PAN cards?

• Older PAN cards will still work. If your card doesn’t have a QR code and you want one, you can request a new PAN card.

What is the QR code on PAN cards?

• It helps verify your PAN details quickly, like your name, date of birth, and photo.

• If your PAN card doesn’t have a QR code, you can apply for a new one.

How can I update my PAN under PAN 2.0?

1. Go to the new unified portal (once it’s live).

2. Enter your details (name, address, etc.).

3. Upload scanned documents like ID proof and address proof.

4. Submit your application.

Extra PAN cards?

• If you accidentally have more than one PAN card, you must inform the tax office and surrender the extra one.

Who can use PAN 2.0?

• Everyone who already has a PAN card.

• It is  free to update your details under PAN 2.0.

PAN 2.0 makes managing your PAN card simpler, faster, and free of charge for most updates. 

Source: Media Reports