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Union Minister Ashwini Vaishnaw

PAN 2.0: What all should NRIs note about the upgraded system

29 November 2024 by Admin
PAN 2.0: What all should NRIs note about the upgraded system

The government’s latest project, PAN 2.0, is designed to overhaul the existing PAN/TAN system, enhancing efficiency and convenience for taxpayers. This initiative aims to modernise the procedures linked to Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) services. The primary goal is to expedite, streamline, and fortify the process of taxpayer … Read more

Categories Economy Tags application fees, Central Board of Direct Taxes, Collection Account Number, Cybersecurity, Digital India, duplicate PAN cards, financial transactions, Form No. 49A, government digital platforms, identity verification, Income-tax Act 1961, NRIs, overseas address, PAN 2.0, PAN card update, PAN card validity, permanent account number, proof of address, Protean, tax deduction, taxpayer registration, Union Minister Ashwini Vaishnaw, UTIITSL Leave a comment

PAN 2.0: New PAN cards to come with QR codes. What changes are expected? 

25 November 2024 by Admin
PAN 2.0: New PAN cards to come with QR codes. What changes are expected? 

Union Minister Ashwini Vaishnaw on Monday said the Centre will be introducing PAN 2.0, touted as an upgrade to Permanent Account Number (PAN), which serves as a unique taxpayer identification number. PAN 2.0 will be an advanced iteration of the country’s PAN system, aimed at streamlining business and citizen-centric operations. The PAN 2.0 Project is … Read more

Categories Economy Tags Business Operations, citizen-centric, Common Business Identifier, Cybersecurity, Data Protection, income tax act, operational efficiency, PAN 2.0, PAN cards, PAN Data Vault, permanent account number, QR codes, taxpayer identification, Technological advancements, Unified Portal, Union Minister Ashwini Vaishnaw Leave a comment

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