Why Modi Sarkar has introduced new PAN 2.0 project?

HomeBreakingWhy Modi Sarkar has introduced new PAN 2.0 project?

Why Modi Sarkar has introduced new PAN 2.0 project?

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Published on

01/12/2024

By Juris Hour Team

PAN 2.0

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Why Income Tax Department has introduced new PAN 2.0 project? This video is about the new PAN 2.0 project which aims to consolidate PAN, TIN and TAN for businesses as a common business identifier. This will be a game changer for businesses to maintain one single identity instead of multiple ones in compliance with the Income Tax Act, of 1961. However, the addition of a QR Code on an individual’s PAN card has already been done by the income tax department in recent years. According to income tax laws, a PAN will become invalid only if it is not linked to an Aadhaar number.

Juris Hour Team

Juris Hour is an online news portal for reporting accurate and honest news, articles, judgments, Circulars, orders and notifications related to legal developments. We use the tagline ‘Proficiency At Your Doorstep’. Our mission is to simplify and communicate various legal developments in various spheres like civil, criminal, taxation, etc. and make people aware of their rights and duties in order to empower them to contribute in nation-building.Juris Hour is a team of young professionals turned legal journalists who are guided by the values enshrined in the Preamble of the Constitution of India and want to create more legal awareness in society by acting as a tool to aid legal reforms by offering a space for constructive criticism of the judiciary.

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