The Cabinet Committee on Economic Affairs (CCEA) approved the PAN 2.0 Project of the Income Tax Department
It aims to make the permanent account number a ‘common business identifier’ for all digital systems of government agencies.
This will be an upgrade of the current PAN/TAN 1.0 eco-system consolidating the core and non-core PAN/TAN activities as well as PAN validation service.
Hence the paperwork is now eliminated via digital procedures, which encourage sustainability.