PAN 2.0

Overview:
The PAN 2.0 Project is an e-Governance initiative by the Income Tax Department aimed at transforming taxpayer registration services for a seamless, technology-driven experience. It focuses on re-engineering the processes for PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) services to enhance efficiency and user experience.

Key Features:

1. Upgraded Ecosystem:

   • Builds upon the current PAN/TAN 1.0 system by consolidating core and non-core activities, including PAN validation services.

2. Enhanced Benefits:

   • Faster Services: Quick and efficient delivery of services.
   • Data Accuracy: Ensures a single source of truth and consistent data.
   • Eco-Friendly: Promotes paperless processes and cost efficiency.
   • Secure Infrastructure: Optimizes security for better agility and reliability.

3. Alignment with Digital India:

   • Enables PAN as a Common Identifier for digital systems across specified government agencies, supporting the vision of Digital India.

About Permanent Account Number (PAN):

• What is PAN?
  A 10-character alphanumeric identifier issued by the Income Tax Department. It can be applied for or allocated automatically by the department.

• Purpose:
  PAN links all financial and tax-related activities of an individual or entity, including:

  • Tax payments
  • TDS/TCS credits
  • Filing of income tax returns
  • Specific high-value transactions
  • Official communications

The PAN 2.0 Project aims to modernize and simplify taxpayer services, ensuring a secure, efficient, and eco-friendly system while promoting the wider use of PAN as a central digital identifier.