PAN Card: Now your PAN card is going to change, your complete information will be in the QR code

You must have a PAN card and if you have, then this news is useful for you. Yes, the Union Cabinet has approved the PAN 2.0 project worth Rs 1,435 crore in the meeting. Its purpose is to make the Permanent Account Number a 'common business identifier' for all digital systems of government agencies.

PAN card will be upgraded

According to media reports, under the PAN 2.0 project, the PAN card will be upgraded with a QR code for free. Union Electronics and IT Minister Ashwini Vaishnav said that the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the PAN 2.0 project of the Income Tax Department.

It will be advanced

The aim of this project is ease of access with better quality and faster delivery of service. This project is an e-governance project brought to re-engineer the business process of the Taxpayers Registration Service through the technology-driven transformation of PAN/TAN service for the enhanced digital experience of taxpayers.