Before the PAN 2.0 launch, you can update your address, email, or mobile number online through Aadhaar-based services.
PAN 2.0 modernizes and streamlines PAN services.
The Cabinet Committee on Economic Affairs (CCEA) recently approved a major overhaul of the PAN system with the introduction of PAN 2.0, launched by the Income Tax Department. The initiative aims to modernize and streamline the process of issuance and management of Permanent Account Numbers (PAN) and Tax Deductible Account Numbers (TAN). With the advent of PAN 2.0, questions are being raised about the future of the existing PAN card. Will your current PAN card be valid? Do you need to submit a new application? Here’s everything you need to know:
Do you need to get a new PAN card with PAN 2.0?
The short answer is no. Existing PAN holders will not need to apply for a new PAN card unless they need to be updated or rectified. Your existing PAN card will remain valid and unaffected under the new PAN 2.0 system, unless you decide to update or correct your details.
What is PAN 2.0?
PAN 2.0 is an e-governance initiative of the Income Tax Department aimed at improving the quality and efficiency of PAN services. The project focuses on modernizing the taxpayer registration process, enhancing online services, and integrating PAN with Aadhaar data for better authentication. The main objective is to streamline and automate the various processes related to PAN allotment, updates and corrections, making it easier for both individuals and organizations to manage their PAN information.
Additionally, the project will also include services for Tax Deduction Account Numbers (TAN) and online PAN verification services for government agencies, financial institutions and banks.
Will you need a new PAN card number?
No, you will not need a new PAN number. Existing PAN holders will not need to apply for a new PAN under the PAN 2.0 system. Your existing PAN number will remain the same.
Can you update or correct your PAN details?
Yes, PAN holders will have the option to update or correct their PAN details, such as name, address, date of birth, and contact information (email or mobile number) under the PAN 2.0 project. These updates will be free.
Before the PAN 2.0 launch, you can update your address, email, or mobile number online through the following Aadhaar-based services.
- NSDL Pan Update Link – https://www.onlineservices.nsdl.com/paam/endUserAddressUpdate.htm
- UTI Pan Update Link – https://www.pan.utiitsl.com/PAN_ONLINE/homeaddresscha
For other updates or corrections, such as changes in your name, date of birth, or other personal details, you can either apply online (with payment) or visit a physical PAN service center.
Do you need to change your PAN card under PAN 2.0?
No, you do not need to change your existing PAN card unless you need to update your information. The existing PAN card will remain valid under the new PAN 2.0 system.
What about QR code on PAN card?
Dynamic QR code is not a new feature under PAN 2.0. This technology was already introduced in 2017-18. However, under the PAN 2.0 system, the QR code will be enhanced to provide real-time, updated data from the PAN database. If your existing PAN card does not have a QR code, you can apply for a new card that includes this feature.
This updated PAN card with dynamic QR code will provide more secure, accessible and accurate data at a glance.
What should you do if you have more than one PAN card?
Holding more than one PAN card is illegal under the Income Tax Act, 1961. If you find that you have more than one PAN card, you should inform the Assessing Officer concerned and take steps to deactivate the additional cards. PAN 2.0 includes enhanced features to identify duplicate PAN applications and will help prevent multiple PAN cards from being issued to the same individual.
The new system will be more effective in detecting and resolving duplicate PANs while ensuring compliance with the law.