How To Apply For Pan 2.0 with QR Code Online: Check Benefits, Documents Required, and More

The Income Tax Department of India has launched PAN 2.0, an advanced version of permanent account number cards. The newly launched system brings increased access, ensures safe data storage and streamlines application and verification processes. Interestingly, the new PAN card now also includes a QR code and hosts digital functions. The card provides email directly to the applicants’ email without any fee, with additional options for the physical PAN card for nominal fee. This broad guide incorporates everything you need to know about PAN 2.0, from the application process to its profit and eligibility criteria.

What is PAN 2.0?

PAN 2.0, known as the next generation PAN card, is a technological upgradation to the existing system. It integrates advanced features such as digital application processing, a unique QR code for safe identification verification and base integration for immediate authentication.

PAN 2.0 reduces the dependence on physical paperwork, increasing data security. This simplifies compliance for individuals, businesses and other institutions requiring PAN card for financial or tax-related purposes.

Major highlights include:

• Quick processing: In many cases, with immediate e-Pans issuing, applications are rapidly processed.
• Digital accessibility: Updates of personal details can be made online.
• Increased verification: QR code adds an additional layer of protection, ensuring authenticity.

How to apply for PAN 2.0 online?

Applying for PAN 2.0 has been made seamless, with two primary portals available for users: NSDL and Utiitsl. Here is a step-by-step guide for each platform.

How to apply for PAN 2.0 through NSDL?

1. Visit NSDL PAN portal https://www.onlineservices.nsdl.com,
2. Choose options for “PAN 2.0” or “request e-PAN”.
3. Enter your details, including:
   • Name
   • Date of birth
   • Aadhaar number (for individual applicants)
4. Upload scanned copies of the required documents including your photographs and signature.
5. Pay the processing fee using available digital payment options.
6. Verify your application through OTP sent on your registered mobile number or email.
7. In case of successful verification, your e-pain will be released within minutes and email your registered address.

How to apply for PAN 2.0 through Utiitsl?

1. Navigate on Utiitsl PAN services portal.
2. Choose the option “Apply for the new PAN” or “PAN 2.0”.
3. Provide your personal information and base details.
4. Upload the required documents in the prescribed format.
5. Complete the payment process through safe payment gateway.
6. Submit your application and pay attention to the acknowledgment number for tracking.
7. Once verified, your e-pane will be sent to your email address. The physical card, if selected, will be sent to your registered address.

Benefits of PAN 2.0

PAN 2.0 is designed to provide more efficient and safe experience for taxpayers. Below are the major benefits of this next generation system:

• Immediate application processing: The online process reduces the time it takes in issuing PAN cards, often distributed immediately with e-pans.
• Increased security: Embedded QR code in PAN 2.0 ensure that identity verification is sharp and safe, reduces the risks of fraud.
• Digital updates: Users can easily update their PAN card details without visiting physical offices.
• Basic Integration: Immediate verification through the base linkage eliminates the requirement of additional documentation.
• Environment friendly: The e-PAN format reduces dependence on the physical card, contributes to stability.
• Centralized services: All PAN-related services, including improvement and updates, are centralized on an integrated platform, making it easier for users to manage their information.

Documents required for PAN 2.0

Applicants have to submit the following documents to apply for PAN 2.0:

1. Evidence of identity (any):
   • Aadhar card
   • Passport
   • Voter ID Card
   • Driving license

1. Proof of address (any):
   • Utility bill (electricity, water, gas, etc.)
   • Bank account details or passbook
   • rental agreement

1. Proof of date of birth (any):
   • Birth certificate
   • school leaving Certificate
   • Passport

Ensure that the scanned copies of the documents are well -founded and complete the required size and format specifications when uploaded.

Who is eligible for PAN 2.0?

The following institutions and individuals are eligible for PAN 2.0:
● Indian citizen: A PAN is required for financial transactions, tax filing or other compliance purposes.
● Professional institutions: Companies, firm and organization registered under Indian law.
● Foreign nationals and institutions: Non-resident with trade or financial activities in India.
● Minor: PAN can be applied to minors under the name of parents or parents.

Note that many PAN cards are prohibited. Current PAN holders can choose the option of upgrade to PAN 2.0 to reach their advanced features.

Frequently asked questions (FAQs)