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QR Code Enabled PAN 2.0: Will The Older Ones Continue To Function As It Is?
Income Tax department has given clarity to taxpayers with a deeper insight into the new system PAN 2.0.
QR Code Enabled PAN 2.0: Will The Older Ones Continue To Function As It Is?
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Ever since the Cabinet Committee on Economic Affairs approved the PAN 2.0, several questions have cropped up regarding the usage of the old PAN Card, the utility of PAN 2.0 and more. All of these have been clarified by by the Income Tax department to the provide taxpayers with a deeper insight into the new system.
1. What is PAN 2.0?
PAN 2.0 Project is an e-Governance project of the Income Tax Department for re-engineering the business processes of taxpayer registration services. The objective of the project is to enhance the quality of PAN services through the adoption of the latest technology.
If new PAN cards are QR code enabled, will older ones continue to function as it is?
The QR code is not a new feature, and it has been incorporated in the PAN cards since 2017-18. The same will be continued under the PAN 2.0 project with enhancements (dynamic QR code which will display the latest data present in the PAN database). PAN holders having an old PAN Card without a QR code have the option to apply for a new card with a QR code in the existing PAN 1.0 eco-system as well as in the PAN 2.0.
What will the QR code help us with?
The QR code helps in validating the PAN and PAN details. Presently, a specific QR reader application is available for verification of QR code details. On reading through the reader application, complete details, i.e., photo, signature, Name, Father’s Name / Mother’s Name and Date of Birth are displayed.
Will existing PAN CARD Holders will be required to apply for new PAN?
No. The existing PAN card holders are not required to apply for a new PAN under the upgraded system (PAN 2.0).
Will people have an option to get corrections done on PAN?
Yes. If existing PAN holders want to make any correction/updation of their existing PAN details such as email, mobile or address or demographic details such as name, date of birth etc., they can do so free of cost after the PAN 2.0 Project commences. Till the time the PAN 2.0 project is rolled out, the PAN holders can avail of the Aadhaar-based online facility for updation/correction of email, mobile and address free of cost
Do people need to change PAN card under the PAN 2.0?
No. The PAN card will not be changed unless the PAN holders want any updation/correction. The existing valid PAN cards will continue to be valid under PAN 2.0.
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