Detailed Report on PAN 2.0 : Know the answers to all the questions on PAN 2.0 here
The use of PAN card will be common for everyone. Business can also be started with PAN card. Let us tell you that having a PAN card is compulsory for some important works related to finance like, income tax return, mutual fund investment, applying for loan etc. PAN is actually a 10 digit alphanumeric number which is allocated to an individual, firm or an organization by the Income Tax Department... These numbers are unique i.e. only one individual can have one number... In this way we can say that just like everyone's DNA is different, similarly everyone's PAN number is also different... Income Tax Department gets special information related to cardholders from the PAN card number.
In today's time, PAN card is one of the most important documents of our identity, without it no financial transaction is possible. It is needed from opening a bank account to opening a demat account... Also, it is also necessary for it to be linked to your Aadhar card.
For the last few days, you must have been hearing a lot about PAN 2.0. And it is also very important for you to know about it. Actually, through PAN 2.0, the Modi government at the Center is going to replace the old PAN card with a new PAN card. According to the Central Board of Direct Taxes, the new PAN card will have QR codes. With the implementation of the updated system, it will be easy to identify fake cards and no tax payer will be able to keep more than one PAN card. However, now many people have a question whether the PAN cards that we already have will be discontinued. Don't panic, even after the new system starts, the existing PAN cards will remain valid and tax payers will not need to apply for a new card. Only if there is any change in the information related to the card, one will have to apply for PAN 2.0 card.
Let us tell you that the Union Cabinet has approved a project worth Rs 1,435 crore to issue a new type of PAN card equipped with QR code facility. This project will be implemented from next year.. Currently, PAN related services are available on e-filing portal, UTIITSL portal and Protini e-governance portal, but after the implementation of PAN 2.0, all these services will be available on an integrated portal.
With the help of Integrated Platform, apart from the demand of PAN card related application, correction in it and linking Aadhaar with PAN, online verification of the card can also be done... CBDT has said that existing PAN card holders will not need to apply for a new card. They will have to apply only when they have to update their details. However, CBDT has clarified that the facility of QR code on PAN is not a new thing and it has been present on PAN card since 2017-18, but in the PAN 2.0 project, the QR code will be equipped with dynamic facility, so that the latest data present in the PAN database can also be seen. These include information like photo, signature, name, parents' names and date of birth.
CBDT has also said that taxpayers holding old PAN cards without QR code will have the option to apply for a new card with QR code printed on it. Along with this, it has also been clarified in the FAQs that even after the introduction of the new system, the PAN with individuals and professionals will remain valid and they will not need to change it. However, to get the original PAN card, the applicant will have to pay a fixed fee of Rs 50... At the same time, separate postage charges will also have to be paid for supply outside the country.
By the way, you must also want to know what will be the benefits of PAN 2.0. So here let us tell you that for the safety of personal statistics recorded in PAN, 'PAN Data Vault System' will be compulsory for all the organizations using these statistics. Also, under PAN 2.0, the Grievance Redressal System will also be strengthened... With the project, easy access with better quality and faster delivery of service will be ensured... Apart from this, it will be a single source of data and verification. This project is very important for security along with eco-friendly process and cost optimization of PAN card.
Anyway, let us now give you the most important information which is how you can get a PAN card with QR code on your e-mail ID. Know its process. First of all you have to go to the link of nsdl... You will find the link in the description box of this video.
https://www.onlineservices.nsdl.com/paam/requestAndDownloadEPAN.html
After coming to this site, now you have to fill your PAN number, Aadhaar number, date of birth. After this, tick the applicable box and submit. Now a new screen will open. In this,