PAN 2.0 is an e-Governance initiative by the Income Tax Department aimed at re-engineering business processes for taxpayer registration services.
- The objective is to enhance the quality of PAN services by adopting the latest technology.
Key features
- The PAN 2.0 project consolidates all processes related to PAN allotment, updates, corrections, and merges TAN-related services.
- Online PAN authentication/validation services will be available for user agencies, including financial institutions, banks, and central and state government bodies.
- Currently, PAN-related services are hosted across three portals; e-Filing Portal, UTIITSL Portal, and Protean e-Gov Portal. PAN 2.0 will unify all PAN/TAN-related services under a single portal, providing end-to-end services like allotment, corrections, Aadhaar-PAN linking, online PAN validation (OPV), and e-PAN requests.
- PAN 2.0 will enable fully online, paperless processes, unlike the existing modes.
- PAN updates/corrections will be free, and e-PANs will be sent to registered email addresses.
- For physical PAN cards, applicants must pay Rs 50 for domestic delivery or Rs 15 plus postal charges for international delivery.
- Existing PAN cardholders are not required to apply for a new PAN under PAN 2.0.
