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Thursday, November 28, 2024

Important news for 74 crore people! Has your old PAN card become 'invalid'? Know how a new card with QR code will be made, how much is the fee?

Important news for 74 crore people! Has your old PAN card become 'invalid'? Know how a new card with QR code will be made, how much is the fee?


PAN 2.0 Upgrade Project News: The government has approved the PAN 2.0 project. Under which the PAN card system will be updated and the tax system will be made more transparent and convenient. Read here A to Z information about the PAN 2.0 project

PAN 2.0 Upgrade Project News: The central government has taken a big decision regarding PAN Card. The central cabinet on November 26 approved the PAN 2.0 project to make PAN card a common identifier for businesses and a single source of accurate and consistent data. Now PAN cards with QR code will be issued under the PAN 2.0 project. The government will spend crores of rupees on this project. With the implementation of the PAN 2.0 project, old PAN cards will become useless, how to get a PAN card with QR code, how much will it cost, you will get the answers to the questions here


What Is PAN 2.0 project?

The Union Cabinet has approved the PAN 2.0 project of the Income Tax Department. In line with the central government's flagship Digital India, new PAN cards with QR code feature will be given to citizens in a short time.


How much will the PAN 2.0 project cost? The central government is going to spend Rs 1435 crore on the PAN 2.0 project. Union Information and Broadcasting Minister Ashwini Vaishnav said that PAN card is an important document of our life. It is important for the middle class, small traders and everyone. Under the PAN 2.0 project, the system will be completely upgraded and new PAN cards with QR code feature will be issued.

Question- How different will the new PAN card be?


Answer- According to Union Minister Ashwini Vaishnav, this new version of PAN card (PAN Card 2.0) will be equipped with only new features. There will be no change in the PAN number of people. Your number will remain the same. A QR code will be given on this card. In which all the information of taxpayers will be present. With the new PAN card with QR code, tasks like paying taxes, registering a company, opening a bank account will become easier.


Question- Will my existing PAN card be closed?


Answer- There will be no change in the number when upgrading the old PAN card or issuing a new PAN card, that is, your PAN number will remain the same. If the PAN number is to remain the same, then it is clear that the question of the old card becoming invalid does not arise. Ashwini Vaishnav also clearly said that the old PAN card will not be considered invalid. Until the new card reaches your hands, you will continue to do all your work with the old PAN card.


Question- Will we get a new PAN card?

Answer- Yes, you will get a new PAN card, existing PAN card holders do not need to apply anywhere for a new card or fill any form for it. The new PAN card will be delivered to your home.


Question- How much is the fee for a new PAN card?

Answer- You do not need to spend any money for a new PAN card. The government will send a new PAN card with a QR code directly to your address. That means there is no hassle of applying or need to spend money.


Question- What new features will be available in the new PAN card?

Answer- According to Ashwini Vaishnav, the new card will have features like QR code. The technology of the card will be completely upgraded in the new PAN card, so that its use can be made easy and secure. An integrated platform will be created for all services related to PAN card. Security features will also be installed in the new PAN card to prevent fraud and for financial security of the cardholder.


Question- Where will the new PAN card be made?

Answer- Ashwini Vaishnav said that people do not need to do anything for the new PAN card. There is no need to apply for it or pay any fee. The new PAN card will be sent to your registered address by the Income Tax Department. That is, your PAN will be automatically upgraded.


Question- Why is a new PAN card needed?

Answer- According to Ashwini Vaishnav, the software that operates the PAN card at present is 15 to 20 years old. This software often causes problems. Therefore, the system will be prepared digitally in the new PAN card. So that the process of complaints, transactions, tax filings can be done quickly. Apart from this, the new PAN card system can also prevent fake PAN cards and fraud. The need for a new system arose because in the future, the PAN card will act as a universal ID.

Benefits and facilities of PAN 2.0

  1. The PAN 2.0 project will provide better facilities to taxpayers and traders
  2. The process of tax return filing and money transactions will be faster
  3. Fake PAN cards will be curbed. Financial irregularities and scams will be stopped with PAN card
  4. It will become a single ID for all government services. In future, your PAN card will work as a universal ID for all types of financial services.
  5. Through the PAN 2.0 project, tax collection will become more transparent and tax evasion will be stopped.

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