Consider the following statements with respect to Permanent Account Number PAN 2 0 Project It aims t...........

Economic Affairs Types of Banks and Banking

Consider the following statements with respect to Permanent Account Number (PAN) 2.0 Project

Which of the statements given above is/are correct?

1 only

2 only

Both

None

Only statement 1st is correct.

Permanent Account Number (PAN) 2.0 Project

The Cabinet Committee on Economic Affairs (CCEA) has recently approved the Income Tax Department’s Permanent Account Number (PAN) 2.0 Project.
Permanent Account Number (PAN) 2.0 Project is an e-Governance project of Income Tax Department for re-engineering the business processes of taxpayer registration services.
The Project aims to streamline and modernise the process of issuing and managing PAN and TAN, making it more user-friendly and efficient.
With existing PAN database of 78 crore PANs and 73.28 lakh TANs, the project addresses the requirements of taxpayers, focusing on consolidation of multiple platforms/portals and efficient services to PAN/ TAN holders.

Currently, PAN-related services are spread across 3 different platforms, that include:

e-Filing Portal
UTIITSL Portal
Protean e-Gov Portal
With the implementation of PAN 2.0, all these services will be integrated into a single, unified portal.
This one-stop platform will handle comprehensively issues/matters related to PAN and TAN, including application, updates, corrections, Aadhaar-PAN linking, re-issuance requests.