The Income Tax Department’s Permanent Account Number (PAN) 2.0 initiative has been authorized. The goal is to increase the security of PAN use. This will make authentication simpler. It is simple to verify the new PAN 2.0 by scanning its QR code.
Many people have a lot of questions about PAN 2.0. Let’s comprehend this
- Question: Is the previous PAN going to be deemed invalid? No, is the response. The validity will not be impacted. Those who apply for a new PAN will receive this version of the PAN.
- Question: What are the steps to obtain a new PAN? You can apply if you would like a new PAN with a QR code. It will arrive at the email address you have on file. From there, you may download it.
- Question: Where do I go to apply for this? There are two agencies that are approved. UTI Infrastructure Technology and Services Ltd. (UTIITSL) and Protege (previously NSDL e-Government) are two of these. The agency to contact for a reprint can be found on the back of your PAN card.
- Question: How can I apply? Answer: Those whose previous PAN was obtained via the “Instant e-PAN” feature on ITD’s e-filling portal or processed through Prot. These holders should visit https://www.onlineservices.nsdl.com/paam/ReprintEPan.html to apply for a PAN reprint. By entering data like PAN and Aadhaar and finishing steps like OTP, you can download PAN here. Those whose PAN was issued by UTI ITSL should visit https://www.pan.utiitsl.com/reprint.html at the same time.
- Question: How much does a PAN with a QR code cost? Answer: There is a 50 rupee fee if you would want a physical card.
- Question: How many days will it take to acquire the PAN? Answer: The card will be reprinted and sent to the registered address if the charge is paid in person. It should take 20 days for the new PAN card to arrive.
- Question: What advantages would the new PAN offer? The integration of biometrics and Aadhaar will stop identity theft and PAN abuse. Filing taxes will be simpler with PAN 2.0.
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