In a bid to modernise India's financial and tax systems, Union Minister Ashwini Vaishnaw on Monday unveiled plans to launch PAN 2.0, an advanced version of the Permanent Account Number (PAN). During a Cabinet briefing,

PAN 2.0 will enhance the services and technological capabilities it offers. It will replace software, that is 10 to 15 years old, with a modern platform.

PAN 2.0 is intended to be an integration of PAN as a single identifier for business-related activities across specified sectors.

The new system offers a unified portal for all PAN-related tasks. It includes enhanced PAN cards with QR codes for better security. The PAN 2.0 Project represents an electronic governance initiative by the Income Tax Department,

The government has launched PAN 2.0, modernizing the PAN system by merging three portals into one. This upgrade simplifies processes for PAN holders.

The Union Cabinet has approved the ₹1,435 crore PAN 2.0 Project aimed at modernizing the Permanent Account Number (PAN) system. This initiative will transform PAN into a "common business identifier" for government agencies,

The Ministry of Finance has said: " The existing PAN card holders are not required to apply for a new PAN under the upgraded system (PAN 2.0). The PAN card will not be changed unless the PAN holders want any updation and correction.

PAN 2.0 project enables tech-driven transformation of taxpayer registration services and has major benefits including ease of access, speedy service delivery

With advanced technology, eco-friendly practices, and enhanced security, PAN 2.0 promises to streamline tax processes for individuals and businesses alike.

The central government has announced the PAN 2.0 project to upgrade the existing PAN card with the QR codes. ET Wealth online spoke to tax experts to know if the current PAN card will become inoperative due to not having a QR code on it.