Now PAN cards will be closed? 78 crore people affect, know the big decision of the government PAN Card New Rules – StudyToper

PAN card, which is an important document for financial identity and transactions in India, is now moving towards major changes. Recently, the government has announced that the old PAN card will be upgraded, which will affect about 78 crore citizens of the country. The purpose of this scheme is to make PAN card more secure and digitally advanced.

In this article, we will discuss in detail about this plan, due to this, the process and other information related to it. Also, you will know if you should continue using the old PAN card or not.

PAN card upgrade scheme purpose

The government has approved a new version called PAN 2.0, in which the PAN card will be technically advanced. Its main purpose is:

• Simplifying digital processes.
• Adding security features to prevent fraud cases.
• To make transactions easier for taxpayers and business.
• Providing integrated platforms for all services.

Abbreviation of the scheme (Overview Table)

Why is PAN card upgrade?

The government has many objectives behind this scheme:

1. Safety improvement: The old PAN card lacked security features, which increased the possibility of data theft and fraud.
2. Digital India Mission: This step has been taken to promote digital transactions and simplify processes.
3. Data Integration: The new PAN card will have the QR code, which will contain all the user’s information.
4. Aadhaar-Pain Linking: After linking the Aadhaar and PAN card, it is necessary to eliminate additional PAN cards.

Benefits of new PAN card

The new PAN card will have the following characteristics:

• QR Code: All your personal information will be encrypted in it.
• Security features: Additional security measures have been added to prevent fraud.
• Integrated platform: Access will be available on the same platform for all services.
• Processes like tax filing and business registration will be easier.

Will the old PAN cards be closed?

The government has clarified that the old PAN cards will remain valid until the new PAN card reaches you.

• You will not need to complete any type of application process to get a new PAN card.
• The new card will be automatically sent to your registered address.

What will citizens have to do?

If you are affected by this scheme, then you have to take care of the following things:

1. Update your address: Make sure your address is recorded in the Income Tax Department.
2. Do the base-pain linking: If you have not yet linked Aadhaar and PAN, then complete it immediately.
3. Avoid any type of fee or application process as it will be done automatically by the government.

How will the process work?

The government has ensured that citizens do not face any problem in this process.

• Citizens will not need to apply for any kind.
• The new PAN card will be sent directly to their registered address.
• There will be no change in the old number.

Important questions and answers

1. Will I get a new number?
   • No, your old number will remain.
2. Will there be any fee for this?
   • No, this service will be completely free.
3. Do I have to apply by myself?
   • No, the government will automatically send it to you.
4. Will the old cards be closed immediately?
   • No, until a new card is received, the old will remain valid.

Possible issues related to the scheme

Although this scheme seems quite beneficial, there may be some challenges:

• There may be difficulty in delivering information to people in rural areas.
• Delay in delivery process is possible.
• Some people may fall prey to fake calls or fraud.

safety tips

1. Do not rely on any unknown call or email that ask for money in the name of new PAN card.
2. Do not share information about your documents with an unknown person.
3. If you have any problem, contact the official website of the Income Tax Department.

Disclaimer:

This scheme is an official initiative declared by the government. However, citizens should be vigilant and get information from only official sources.

The purpose of this article is to provide information. Please do proper investigation before taking any decision.