Income tax department (IT) is expected to bring ambitious £1,435 CRORE PAN 2.0 Project Live next year and selected IT Major Ltimindtree as a service provider (MSP) for design, development, implementation, operation and project maintenance.
It is expected to be a “one-off platform” for comprehensive processing of Mr. and TAN affairs such as assignment, updating or repair, AADHAAR-PAN interconnection, re-verification, online verification, etc. It is aimed at simplifying PAN and TAN processes.
Mr. 2.0: What does its implementation mean?
Cabinet Committee for Economic Affairs (CCEA) approved the IT department £1 435-CRORE project 25 November 2024.
Currently, the services related to the Mr. are spread on three different platforms-the portal e-portal, the UTIITSL and Protean e-GOV portal. The services will be merged with Mr. 2.0 into a single united portal.
Mr. 2.0 will comprehensively use technology for paperless processes. Assignment / Update / Correction PAN will be made free of charge and e-PAN will be sent to the registered mail ID.
What should PAN card holders do?
The IT Department of Indian taxpayers issues a ten-digit alpha-immer number, permanent account number (PAN). Similarly, the tax deduction number and the collection account number (TAN) (TAN) (TAN) are a 10-digit alpha-numeric number that receives all persons responsible for deducting the tax on the source or who are obliged to collect the tax at the source.
PAN has an existing database of more than 81.24 crore, while Tan has more than 73 laches holders. These existing PAN holders are not obliged to apply for a new one within the upgraded PAN 2.0 system.
What are the advantages of Mr. 2.0?
According to an official statement, this involves easy access, quick provision of services with improved quality, the only source of truth and data consistency, environmental processes, and cost optimization, and optimizing infrastructure for greater agility.
Why upgrade?
The aim of the government is to enable the PAN 2.0 project under digital India, thanks to which Mr. will be eligible as a common identifier for all digital systems of specified government agencies.
The new system aims to upgrade the current ecosystem of the PAN/TAN 1.0, which, according to the official edition, consolidates the core and core activity of PAN/TAN and the service of Validation PAN.
What will QR code help us?
The QR code has been incorporated on the cards since 2017-18. The same will continue with the PAN 2.0 project with improvements such as the dynamic code of the QR, which shows the latest data present in the PAN database.
Pan holders that have an old PAN without QR code have the option to apply for a new card with a QR code in the existing PAN 1.0 ecosystem and in PAN 2.0.
(Tagstotranslate) PAN 2.0
