PAN 2.0 Project of Income Tax Department has been approved by centre.
The Cabinet Committee on Economic Affairs (CCEA) has approved the PAN 2.0 Project of the Income Tax Department.
This project will have financial implications of one thousand 435 crore rupees.
Under this project, the existing system will be completely upgraded and there will be unified portal.
The existing Permanent Account Number will be the same.
The PAN 2.0 Project is an e-Government initiative.
It aims to improve the digital experience of taxpayers by re-engineering the business processes of taxpayer registration services through technology-driven transformation of PAN/TAN services.
The present PAN/TAN 1.0 eco-system will be upgraded with this, which will combine the core and non-core PAN/TAN operations and provide PAN validation services.
By making it possible to utilise PAN as a Common Identifier for all digital systems of designated government agencies, the PAN 2.0 Project aligns with the government’s objective as embodied in Digital India.
