00:00The year 2024 is about to end and there have been a lot of changes this year that have benefited the common people as well as caused losses.
00:10If we talk about the Aadhar card and PAN card, then these two cards do not only show our identity, but many financial tasks cannot be completed without it.
00:20So this year there has been a very important change regarding the PAN card, which is very important to tell you about.
00:26So let's tell you everything in detail in this video.
00:29The Modi government has approved PAN 2.0 and now instead of the old PAN card, you will get to see a new QR code PAN card.
00:37Union Minister Ashwini Vaishnav, while giving information about the major decisions taken in the Cabinet meeting, said that the central government will start PAN 2.0 and this is a PAN upgrade.
00:48In particular, a large document to expose the identity of taxpayers will now prove to be more beneficial.
00:54Ashwini Vaishnav has said that the PAN 2.0 project is an e-governance initiative whose motive is to make PAN services, PAN authentication, core and GAR core PAN activities easy and secure.
01:07He said that the target of this project is to provide taxpayers with a better digital experience.
01:13Currently, the old PAN card is being used in the country, which has been in use since 1972 and is issued under Section 139A of the Income Tax.
01:22If we look at the number of PAN card holders in the country, more than 78 crores of PAN have been issued, which covers 98% of individuals.
01:31It is said that PAN number is an alphanumeric identity proof of 10 numbers issued by the Income Tax Department.
01:38Through PAN card, Income Tax keeps an eye on any person's online or financial transactions.
01:44Now let's talk about how the new PAN is different from the old PAN.
01:48Through the PAN 2.0 project, you will see a big change from the QR code PAN card.
01:55In this, you will get various benefits from the registration of taxpayers.
01:59Due to being completely digital, all services related to it can be accessed easily.
02:05In addition, the cardholder's data will be even more secure and the most important thing is that taxpayers will be issued a QR PAN for free.
02:13It is estimated that 1435 crores will be spent on this project by the Modi government.
02:19Central Minister Ashwini Vaishnav has said that PAN cardholders will not need to change their PAN number.
02:25The new PAN 2.0 will be presented as an improvement to the existing PAN system.
02:29He further said that a QR code will be available for scanning in the new card and it will be completely online.
02:35So what is your opinion on this upgrade of PAN card?
02:38Give us your opinion in the comment box and keep watching Good Returns for such updates.
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