In such a situation, questions arise that how will those who have old cards get a new PAN card, will they have to apply again or something else, let us know the answers to these questions
Union Minister Ashwini Vaishnavi said that there is no need to change the PAN number, and the government will spend Rs 1,435 crore for this project
You all must be aware of the Central Government's flagship program Digital India, according to which citizens will soon get a new PAN card with a QR code facility
The Central Government has announced the PAN 2.o project of the Income Tax Department, in which the Tax Payers Registration Service will be reengineered
The existing PAN ecosystem will be upgraded to consolidate core and non-core PAN TEN activities as well as PAN verification services
It is being told that this will ensure the change in operator of Pan Ten services for better digital experience of the taxpayers, hence the government has talked about spending Rs 1435 crore
Union Minister Ashwini Vaishnavi has told that if you already have a PAN card then there is no need to change it, only the old number will be valid
If you have a PAN card, then your PAN number will remain the same, only a new PAN card will have to be made which will have QR code, please note that the upgradation of PAN card will be free
The new PAN card will be delivered to you free of cost, and the data in the upgraded PAN will be completely safe
Talking about the benefits of PAN card, with its help you can know how much loan you have, and you can also know whether anyone has misused your PAN card
Apart from this, you also need PAN card at the time of opening a bank account, if you have PAN card then your account is opened
Another facility of PAN card is that with its help you will be able to do more than 50 thousand transactions, also you can know whether you come under the tax net or not