PAN Card Update: The central government has recently sanctioned the initiative to modernize the PAN card, which has been initiated as part of the government’s Digital India campaign. Following this decision by the central government, numerous questions concerning PAN are arising. Similar to this – will individuals who already possess a PAN card need to reapply for a PAN 2.0 card, what will occur with the existing card, and how much will it cost to create it? If you have this question on your mind as well, let’s discuss it in detail.
Under the PAN 2.0 initiative, citizens will soon receive a new PAN card featuring a QR code capability. By scanning this code, all the information of the PAN card holder, such as photo, signature, name, father’s/mother’s name, and date of birth, will be displayed. Besides this, taxpayer registration services will be updated in PAN 2.0. Furthermore, the existing PAN / TAN 1.0 ecosystem will be enhanced.
Those who submit their Income Tax Return (ITR) will gain significantly from this. The Income Tax Department released an FAQ on 26 November 2024 to address all inquiries regarding the PAN 2.0 initiative. In this, responses to several inquiries concerning PAN 2.0 have been provided.
PAN holders can modify or rectify their current PAN informations
Present PAN holders can modify or rectify their current PAN information, including email, mobile number, address, name, and date of birth, at no extra cost. Until the launch of the PAN 2.0 initiative, PAN holders have the option to utilize the online service to update their email, mobile number, and address at no cost by visiting the following URL:
https://www.onlineservices.nsdl.com/paam/endUserAddressUpdate.html
https://www.pan.utiitsl.com/PAN_ONLINE/homeaddresschange
For any other update or correction in PAN details, holders can use the current procedure by visiting physical centres or applying online by paying a fee.
Necessary documents for application
Identification Verification: Aadhaar, Passport, Driver’s License, or Voter ID.
Proof of Address: Utility bill, rental contract, or bank statement.
Evidence of Date of Birth: Birth Certificate, School Exit Certificate, or Passport.