The PAN 2.0 initiative, which aims to update the current Permanent Account Number (PAN) system, was unveiled by the Central Board of Direct Taxes (CBDT). As part of this program, current PAN cardholders will not need to apply for an electronic version of their card—known as an e-PAN—which will be sent straight to their registered email address. Crucially, the existing physical PAN cards will continue to be valid.
 
After the system is live, the initiative enables individuals to update or modify their PAN information—such as email address, cellphone number, address, or demographic data like name and birthdate—for free. Up until then, there is no cost to use the Aadhaar-based online tools for updates.
 
Important PAN 2.0 Features
 
• e-PANs are automatically issued by email to current PAN holders.
 
• Free updates for the new project's contact and demographic information.
 
• e-PANs with QR codes inserted for improved validation; this functionality is already partially operational.
 
• The cabinet Committee on Economic Affairs (CCEA) has approved a Rs 1,400 crore initiative to digitize and simplify PAN card services.

How to Apply for an e-PAN Online

Visit NSDL e-PAN Portal

• Enter your PAN, Aadhaar (for individuals), and date of birth.

• Verify details and choose a method to receive the OTP.

• Input the OTP within 10 minutes to confirm the process.

• Requests made within 30 days of PAN issuance are free. Additional requests cost ₹8.26 (including GST).

• Your e-PAN will be emailed to your registered ID within 30 minutes.

Via UTIITSL e-PAN Portal

Visit UTIITSL e-PAN Portal

• Provide your PAN, date of birth, and captcha code.

• If your email isn't registered, you will need to update it once PAN 2.0 officially launches.

• e-PANs issued within the past 30 days are free; older requests cost Rs 8.26.

• The e-PAN will be delivered to your registered email ID in PDF format.


 
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PAN 2.0

SIBY JEYYA

30/11/2024 10:54 AM