LTIMindtree wins I-T Department’s PAN 2.0 project for Rs 793 crore

LTI Mindtree, a subsidiary of Larsen & Toubro (L&T), has won the contract to design, develop and maintain the PAN 2.0 project of the Income Tax Department that seeks to modernise the taxpayer registration services with added security features and convenience, sources said.

According to people familiar with the development, the project is expected to go live in the next 18 months.

The project was approved by the Union Cabinet in November last year with a financial outlay of Rs 1,435 crore. Under the PAN 2.0 system, next-generation Permanent Account Number (PAN) cards will be issued with added features like unique QR code.