The PAN 2.O project has been initiated by the government. Within this initiative, individuals will receive PAN cards containing QR codes to enable the detection of counterfeit PAN cards. Following the initiation of this project, numerous inquiries are popping up in people’s minds, like the fate of the existing PAN card, the process for obtaining a new PAN card, and the steps for applying. Today, we will discuss all the aspects of PAN 2.0.
A QR code will be provided
In this new initiative, residents will receive a new PAN card containing a QR code. The taxpayer registration services will undergo changes with the introduction of this new PAN card. Additionally, the PAN/TAN 1.0 ecosystem will receive enhancements. In addition, filing ITR will be simpler with a new PAN card. There will be no charge for your new PAN card. Similar to the Aadhaar card, your PAN card can also be received on your email address. To receive a physical copy, you must pay a Rs 50 fee.
To obtain a new PAN card, visit the official website of the Income Tax Department. You can also easily make changes to your personal information online, including email ID, mobile number, address, name, or date of birth, without incurring any costs.
What will be the fate of the original PAN card?
Your old PAN card will remain valid with the introduction of PAN 2.0. You are able to utilize your previous PAN card just like you did before. You have the option to obtain a PAN card with a customized QR code.
