What is the PAN 2.0? Will you be issued a new PAN Card by the Income Tax Department? Will your existing PAN Card become invalid? How will the new PAN Card be different from the existing one and how does having a QR code on a PAN Card help?

With the rollout of PAN 2.0, it is now easier for the government to identify and eliminate duplicate PANs. If you find that you hold more than one PAN, you should take these actions.

The Income Tax Department released a series of FAQs a day after the cabinet committee on economic affairs (CCEA) cleared the ₹1,400 crore PAN 2.0 project

PAN 2.0 simplifies taxpayer services with a unified, user-friendly portal and advanced features. Existing PAN holders retain their cards without needing reapplications, while businesses and individuals get streamlined processes.

The central government's approval of Rs 1,435 crore for a new project to revamp the existing system of issuing permanent account number - dubbed PAN 2.0 - has sparked a buzz on social media. Users are discussing the new features of the revamped card,

The Union Cabinet has approved the ₹1,435 crore PAN 2.0 Project aimed at modernizing the Permanent Account Number (PAN) system. This initiative will transform PAN into a "common business identifier" for government agencies,

Government approves PAN 2.0 project to issue free PAN cards with QR Code feature, creating common business identifier.

PAN 2.0 consolidates all PAN/TAN activities and validation services into a single ecosystem for improved efficiency

What is the reason for PAN upgrade and how will the New PAN with QR Code will help users. Let's understand the new features to be added to the PAN Card which will work as a common identifier for all digital systems of specified government agencies.