LTIMindtree Chosen To Implement PAN 2.0 Project
“We have been awarded this prestigious PAN 2.0 project which looks to enhance the PAN issuance process and security through technology-driven innovation”: LTIMindtree spokesperson
NEW DELHI: Information and technology (IT) major LTIMindtree has been selected to implement the PAN 2.0 project, which is expected to go live next year. The company will act as the managed service provider (MSP) for the design, development, implementation, operations, and maintenance of the project, according to the company.
Confirming the development, a finance ministry official on Monday said that the income tax department under the finance ministry has selected LTIMindtree to handle all the matters related to mega PAN 2.0 project and the company has emerged as a successful bidder. “We have been awarded this prestigious PAN 2.0 project which looks to enhance the PAN issuance process and security through technology-driven innovation,” LTIMindtree spokesperson said in a statement.
The Cabinet had approved the I-T department's Rs 1,435-crore PAN 2.0 project on November 25, 2024. Existing permanent account number or PAN card holders are not required to apply for a new one under the upgraded PAN 2.0 system. 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.
As a one-stop platform, 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. It also envisages simplifying PAN/TAN processes to enhance quality of service to the public and improving grievance redressal mechanisms.
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. However, 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.
