New Delhi: An vital announcement has been made for taxpayers within the cupboard assembly of Modi authorities on Monday. Union Minister Ashwini Vaishnav stated that the PAN 2.0 venture was permitted within the cupboard assembly led by Prime Minister Narendra Modi. The federal government will spend Rs 1435 crore on this venture.
Allow us to let you know that by updating PAN Card 1.0, PAN Card 2.0 might be made. This PAN could have QR code and taxpayers is not going to should pay any separate cash for making it. There isn’t any must go to another place to replace it. New PAN might be created on-line completely freed from value.
These adjustments will occur in PAN 2.0-
1. simple procedures , Making taxpayer providers and registration simpler and sooner
2. Knowledge Safety: All data might be simply obtainable at one place.
3. Eco-friendly course of: This work might be performed on-line by an eco-friendly course of.
4. Enhanced Safety: Digital infrastructure has improved for higher safety.
Goal of PAN 2.0 initiative
The PAN 2.0 venture launched by the federal government goals to enhance the taxpayer expertise by sooner providers and higher effectivity. This venture will present simple taxpayer registration and providers within the institutional course of. On the similar time, it would act as a single supply of built-in data within the system.
Central Minister Ashwini Vaishnav advised that….
Ashwini Vaishnav stated that folks don’t must do something to get a brand new PAN card. There might be no must make any utility or pay charges for this. Revenue Tax Division has despatched a brand new PAN card to your registered tackle. That’s, your present PAN might be developed robotically.
….Rohit Singh
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