New Delhi, November 26 (IANS). The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the PAN 2.0 project of the Income Tax Department. An expenditure of Rs 1,435 crore has been fixed for this project.
The PAN 2.0 project aims to bring technology-based transformation in the taxpayer registration service and has several important benefits.
The project will ensure easy access and faster delivery of services with better quality. Moreover, it will be a single source of data and verification. This project is important for the eco-friendly process and cost optimization of PAN card along with security.
According to the Cabinet release, “This is an e-governance project for business process reengineering of the Taxpayer Registration Service coupled with technology-driven transformation of the PAN and TAN service. It aims to improve the digital experience of the taxpayer. This will be an upgrade to the existing PAN/TAN 1.0 ecosystem, which will integrate core and non-core PAN/TAN activities as well as PAN verification services. will be.”
CCEA further said that the PAN 2.0 project aims to facilitate the use of PAN as a common identifier for all digital systems of government agencies, which is important in line with the Digital India vision of the government.
Meanwhile, the Income Tax Department is expected to surpass the direct tax collection target of Rs 22.07 lakh crore set in the Union Budget for the current financial year.
“India’s net direct tax collections, which include corporate tax and personal income tax, grew by 15.4 per cent to Rs 12.1 lakh crore during the current financial year from April 1 to November 10,” according to the latest CBDT data.
The government has set a target of raising Rs 22.07 lakh crore during the current financial year, of which Rs 10.20 lakh crore will be raised from corporate tax and Rs 11.87 lakh crore from personal income tax, non-corporate tax and other taxes.
–IANS
SKT/ABM
