What is PAN 2.0: Key features and frequently asked questions (FAQs) answered [Video]

The Government of India has approved the PAN 2.0 Project, an initiative by the Income Tax Department, aimed at modernizing the Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) systems.

Here’s everything you need to know about this new framework:

What is PAN 2.0?

PAN 2.0 is an e-governance initiative to streamline and unify all PAN and TAN-related services. It aims to enhance user experience, reduce paperwork, and strengthen data security. It aligns with India’s Digital India initiative for eco-friendly and efficient governance.

Key Features of PAN 2.0

1. Unified Portal
   • All PAN/TAN services integrated into a single platform, replacing the existing e-Filing, UTIITSL, and Protean portals.
   • Services include PAN issuance, updates, corrections, Aadhaar-PAN linking, reissuance, and online validation.
2. Eco-Friendly Processes
   • Transition to paperless operations to reduce the carbon footprint.
3. Free Services
   • Issuance of e-PANs and corrections will be free of charge.
   • Physical PAN cards available for ₹50 domestically and additional postage for international addresses.
4. Data Security Enhancements
   • Introduction …