New PAN Card 2.0 Govt. Scheme - Use & Benefits

Summary of the Video:

The video explains the new PAN 2.0 scheme launched by the government to simplify the PAN and TAN application process. Under this scheme:

1. Single Platform: Applications will now be processed through a unified, paperless platform by the Income Tax Department, making it more convenient for users.


2. Free of Cost: Online PAN applications will be completely free, while a hard copy will cost ₹50.


3. Existing PAN Cards: Old PAN cards will remain valid. However, users can opt for corrections or duplicate copies through the new system.


4. QR Code Integration: PAN cards will include a QR code for quick verification of basic details like date of birth and father's name.


5. Government Benefit: The scheme will help identify individuals holding multiple PAN cards, requiring them to surrender duplicates to avoid misuse.


6. Future Use: PAN will become a common identifier across all government agencies.



The implementation date is yet to be announced, but it is expected to be introduced soon. This initiative aims to benefit both the public and the government by enhancing efficiency and preventing fraud.


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