PAN 2.0 - New Permanent Account Number By Cabinet Committee on Economic Affairs (CCEA)

PAN 2.0 refers to a newer version of the Permanent Account Number (PAN) system introduced by the Indian government to enhance its capabilities. It offers a more advanced and integrated digital format compared to the older PAN card system. PAN 2.0 is expected to improve data security, reduce fraudulent activities, and streamline tax-related processes. This upgraded version will likely include better features such as more secure authentication and quicker processing of tax-related transactions, contributing to a more efficient tax ecosystem.

Benefits of PAN 2.0

The PAN 2.0 Project enables technology driven transformation of Taxpayer registration services and has significant benefits including:

1. Ease of access and speedy service delivery with improved quality;
2. Single Source of Truth and data consistency
3. Eco-friendly processes and cost optimization; and
4. Security and optimization of infrastructure for greater agility.

The PAN 2.0 Project is an e-Governance initiative aimed at re-engineering taxpayer registration services through technology-driven transformation. It focuses on enhancing the digital experience for taxpayers by upgrading the current PAN/TAN 1.0 ecosystem. This upgrade will streamline both core and non-core PAN/TAN activities, as well as improve the PAN validation service for greater efficiency and security.

Cabinet Committee on Economic Affairs (CCEA), chaired by Hon'ble PM Shri @narendramodi ji, approved the PAN 2.0 Project of the Income Tax Department, with a financial outlay of Rs. 1435 crore.

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