{"id":317438,"date":"2024-11-26T18:50:07","date_gmt":"2024-11-26T13:20:07","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=317438"},"modified":"2024-11-26T18:50:07","modified_gmt":"2024-11-26T13:20:07","slug":"pan-2-0-project","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/pan-2-0-project\/","title":{"rendered":"PAN 2.0 Project"},"content":{"rendered":"<p><strong>News: <\/strong>The Cabinet Committee on Economic Affairs (CCEA) has given its approval for the PAN 2.0 Project of the Income Tax Department.<\/p>\n<p><strong>About PAN 2.0 Project<\/strong><\/p>\n<p><strong>1.<\/strong> It is an e-Governance project aimed at improving taxpayer registration services by using technology to transform PAN\/TAN services.<\/p>\n<ul>\n<li><strong>Permanent Account Number (PAN)<\/strong>: A 10-digit alphanumeric ID issued by the Income Tax Department to track financial transactions, tax payments, and returns. It is permanent and mandatory for filing income tax returns.<\/li>\n<li><strong>Tax Deduction and Collection Account Number (TAN)<\/strong>: A 10-digit alphanumeric identifier required for deducting or collecting tax at source. It is mandatory to quote TAN in Tax Deducted at Source (TDS)\/Tax Collected at Source (TCS) credits returns, payment challans, and certificates.<\/li>\n<\/ul>\n<p><strong>2. <\/strong>The PAN 2.0 project aims to create a &#8220;common business identifier&#8221; for all digital systems of government agencies. All PAN\/ TAN\/ TIN will be clubbed under this system.<\/p>\n<p><strong>3.<\/strong> Under this project citizens will get a <em><strong>free upgrade of their PAN card with a new QR Code<\/strong><\/em>. Existing PAN cards will remain valid, and citizens will not need to apply for new PAN numbers.<\/p>\n<p><strong>4.<\/strong> The project also aims to set up a unified portal and a \u201cmandatory PAN data vault system\u201d for all entities using PAN data. It is being done for data protection and cybersecurity purposes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>News: The Cabinet Committee on Economic Affairs (CCEA) has given its approval for the PAN 2.0 Project of the Income Tax Department. About PAN 2.0 Project 1. It is an e-Governance project aimed at improving taxpayer registration services by using technology to transform PAN\/TAN services. Permanent Account Number (PAN): A 10-digit alphanumeric ID issued by&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/pan-2-0-project\/\">Continue reading <span class=\"screen-reader-text\">PAN 2.0 Project<\/span><\/a><\/p>\n","protected":false},"author":10367,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[12039],"tags":[],"class_list":["post-317438","post","type-post","status-publish","format-standard","hentry","category-knolls","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/317438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10367"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=317438"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/317438\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=317438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=317438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=317438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}