<p>New Delhi: The Income Tax Department has selected IT firm LTIMindtree Ltd to implement the PAN 2.0 project, which is expected to go live within 18 months, an official said on Monday.</p><p>The PAN 2.0 project will comprehensively handle issues/matters related to PAN and TAN, including allotment, updates/corrections, Aadhaar-PAN linking, re-issuance requests, online PAN validation etc., as a one-stop platform. It envisages simplifying PAN/TAN processes to enhance quality of service to the public and improving grievance redressal mechanisms.</p><p>The PAN 2.0 project has been awarded to the successful bidder, M/s LTIMindtree Limited. The project is expected to go live in 18 months, an official said.</p><p>LTIMindtree will act as the Managed Service Provider (MSP) for the design, development, implementation, operations, and maintenance of the project.</p><p>The Cabinet Committee on Economic Affairs (CCEA) had approved the Income Tax Department's Rs 1,435-crore PAN 2.0 project on November 25, 2024. Existing Permanent Account Number (PAN) card holders are not required to apply for a new one under the upgraded PAN 2.0 system</p>.Golflinks refutes claims linking I-T raids to smart meter installation .<p>Currently, PAN-related services are spread across three different platforms -- e-Filing Portal, UTIITSL Portal, and Protean e-Gov Portal. With the implementation of PAN 2.0, all these services will be integrated into a single, unified portal.</p><p>With an existing database of over 81.24 crore PANs and over 73 lakh TANs, the PAN 2.0 project addresses the requirements of taxpayers, focusing on the consolidation of multiple platforms/portals and efficient services to PAN/ TAN holders.</p><p>PAN is a 10-digit alpha-numeric number issued by the Income Tax department to Indian taxpayers. Similarly, Tax Deduction and Collection Account Number (TAN) is a 10-digit alpha-numeric number that is obtained by all persons responsible for deducting tax at source or who are required to collect tax at source.</p><p>PAN 2.0 will comprehensively use technology for paperless processes. Allotment/updation/correction of PAN will be done free of cost and e-PAN will be sent to the registered mail ID.</p><p>Shares of LTIMindtree were trading at Rs 5,090.50 apiece, up 1.46 per cent over previous close on the BSE.</p>
<p>New Delhi: The Income Tax Department has selected IT firm LTIMindtree Ltd to implement the PAN 2.0 project, which is expected to go live within 18 months, an official said on Monday.</p><p>The PAN 2.0 project will comprehensively handle issues/matters related to PAN and TAN, including allotment, updates/corrections, Aadhaar-PAN linking, re-issuance requests, online PAN validation etc., as a one-stop platform. It envisages simplifying PAN/TAN processes to enhance quality of service to the public and improving grievance redressal mechanisms.</p><p>The PAN 2.0 project has been awarded to the successful bidder, M/s LTIMindtree Limited. The project is expected to go live in 18 months, an official said.</p><p>LTIMindtree will act as the Managed Service Provider (MSP) for the design, development, implementation, operations, and maintenance of the project.</p><p>The Cabinet Committee on Economic Affairs (CCEA) had approved the Income Tax Department's Rs 1,435-crore PAN 2.0 project on November 25, 2024. Existing Permanent Account Number (PAN) card holders are not required to apply for a new one under the upgraded PAN 2.0 system</p>.Golflinks refutes claims linking I-T raids to smart meter installation .<p>Currently, PAN-related services are spread across three different platforms -- e-Filing Portal, UTIITSL Portal, and Protean e-Gov Portal. With the implementation of PAN 2.0, all these services will be integrated into a single, unified portal.</p><p>With an existing database of over 81.24 crore PANs and over 73 lakh TANs, the PAN 2.0 project addresses the requirements of taxpayers, focusing on the consolidation of multiple platforms/portals and efficient services to PAN/ TAN holders.</p><p>PAN is a 10-digit alpha-numeric number issued by the Income Tax department to Indian taxpayers. Similarly, Tax Deduction and Collection Account Number (TAN) is a 10-digit alpha-numeric number that is obtained by all persons responsible for deducting tax at source or who are required to collect tax at source.</p><p>PAN 2.0 will comprehensively use technology for paperless processes. Allotment/updation/correction of PAN will be done free of cost and e-PAN will be sent to the registered mail ID.</p><p>Shares of LTIMindtree were trading at Rs 5,090.50 apiece, up 1.46 per cent over previous close on the BSE.</p>