PAN 2.0

November 29, 2024 4:00 PM

Govt launches PAN 2.0: A digital overhaul of taxpayer services

In a bid to modernize India’s financial ecosystem, the Ministry of Finance has unveiled PAN 2.0, a transformative upgrade to the Permanent Account Number (PAN) system. The initiative aims to simplify taxpayer services while enhancing efficiency and security, aligning with the government’s Digital India vision. The Cabinet has approved a Rs 1,435 crore budget for the PAN 2.0 Project, which reimagines how PAN and TAN (Tax Deduction and Collection Account Number) services are offered. By conso...

All you need to know about PAN 2.0

A day after the Cabinet Committee on Economic Affairs approved PAN 2.0, the Income Tax Department on Tuesday issued a detailed clarification on the project, comprising 11 frequently asked questions (FAQs) to offer taxpayers detailed insights into the new system. 1. What is PAN 2.0? PAN 2.0 is an e-Governance initiative by the Income Tax Department aimed at re-engineering business processes for taxpayer registration services. The objective is to enhance the quality of PAN services by adopting ...