New Delhi: Your existing PAN card will remain valid under this. The PAN 2.0 Project And you will automatically receive an electronic version of the card in your mail ID, without applying for it. Those seeking a physical card, however, will have to apply and pay Rs 50 if they live inside the country, the tax department said on Tuesday.
“If existing PAN holders wish to make any correction/update in their existing PAN details like email, mobile or address or demographic details like name, date of birth etc., they can do so free of charge after the launch of the PAN 2.0 project. Till the PAN 2.0 project is launched, PAN holders can get Aadhaar-based online facility for email, mobile and address update/correction by Central Board of Direct Taxes Of said in a set of FAQs released a day after the Cabinet Committee (CCEA) cleared the Rs 1,400-crore project.
The department also said that QR codes will be part of the project, but the feature has already been introduced, which helps verify PAN and other details. The upgradation project will also see all services related to PAN and TAN, which are currently hosted on three different portals (e-filing portal, UTIITSL and Protean e-Gov), move to the Income Tax Department portal and finally Will provide services from end to end. From application to allotment, online verification, linking with Aadhaar and updating. CBDT said that the entire process will be paperless.
According to the Budget 2023 announcement, the government has decided to make PAN a “common business identifier” for all digital systems of certain government agencies. Although it is illegal to have multiple PANs, there are many organizations and individuals who violate the law and the government is hoping that once the project starts, it will be easier to check such incidents. will Currently, the country has a database of 78 crore PAN and 73.3 lakh TAN.