PAN 2.0: It is no longer possible to keep a duplicate PAN, this is the punishment you will get if caught..

PAN 2.0: To eliminate duplicate PAN cards, the government has started the PAN 2.0 project, in which PAN card holders will get a new PAN card with high-tech features. In such a situation, now those who have duplicate PAN cards should be careful because due to the features of PAN 2.0, it will be very easy to catch those with duplicate PAN.

The government has clarified that no one will have to apply for PAN 2.0. The government will automatically deliver the new PAN card to the people. At the same time, until you get a new high-tech PAN card, your old PAN card will remain valid. Let us know what punishment is given for having a duplicate PAN card.

This punishment will be given for duplicate PAN.

If you have more than one PAN card, then your second PAN card is a duplicate. If you do not surrender it, then according to section 272B of the Income Tax Act, you may be fined Rs 10,000. In such a situation, people who have duplicate PAN cards should surrender them to NSDL or UTIITSL.

PAN 2.0 will have these features

QR code - The new PAN card will have a scanning feature, which will have a QR code attached to it. PAN verification will be easy with the QR code and this entire process will be done through online medium.

Easy interface for banking - This will be a strong and easy interface for all banking and financial services, with the help of which the process of transacting through banks will be easy.

Unified portal - For all the work for which PAN is required in PAN 2.0, a single portal will be provided for all of them, with the help of which taxpayers will find it easy to manage their PAN account.

Common Business Identifier - There is a demand from corporate companies that they have to keep different types of numbers, but now this will not happen. A single PAN will be used for all small and big work related to business.

Cyber ​​Security- Keeping in mind the frauds happening through PAN, PAN 2.0 will be equipped with cyber security features, which will help in preventing cyber frauds in the future.