LTIMindtree Share Price Live Updates: LTIMindtree Weekly Volume Overview
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Business Standard
32 minutes ago
- Business Standard
I-T dept selects LTIMindtree to build PAN 2.0 for faster, unified services
The Income Tax Department has selected IT firm LTIMindtree Ltd to implement the PAN 2.0 project, which is expected to go live within 18 months, an official said on Monday. 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., as a one-stop platform. It envisages simplifying PAN/TAN processes to enhance quality of service to the public and improving grievance redressal mechanisms. The PAN 2.0 project has been awarded to the successful bidder, M/s LTIMindtree Limited. The project is expected to go live in 18 months, an official said. LTIMindtree will act as the Managed Service Provider (MSP) for the design, development, implementation, operations, and maintenance of the project. The Cabinet Committee on Economic Affairs (CCEA) had approved the Income Tax Department's Rs 1,435-crore PAN 2.0 project on November 25, 2024. Existing Permanent Account Number (PAN) card holders are not required to apply for a new one under the upgraded PAN 2.0 system 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. 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. PAN is a 10-digit alpha-numeric number issued by the Income Tax department to Indian taxpayers. Similarly, Tax Deduction and Collection Account Number (TAN) is a 10-digit alpha-numeric number that is obtained by all persons responsible for deducting tax at source or who are required to collect tax at source. 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. Shares of LTIMindtree were trading at Rs 5,090.50 apiece, up 1.46 per cent over previous close on the BSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Economic Times
an hour ago
- Economic Times
Govt awards Rs 792 crore PAN 2.0 project to LTI Mindtree
LTI Mindtree has secured a Rs 792 crore contract from the Income Tax Department for the PAN 2.0 project. The project aims to revamp the tax administration system. It will improve identity verification and streamline taxpayer records. Data security and analytics will also be enhanced. The project is expected to be live in 18 months. Tired of too many ads? Remove Ads The central government has awarded the PAN 2.0 project of the Income Tax Department to LTI Mindtree Ltd , people familiar with the development said. The total value of the contract is Rs 792 to sources, the project is targeted to go live within the next 18 months. The award follows the formal approval granted by the Narendra Modi-led Cabinet in November 2024, Reuters PAN 2.0 initiative is part of a broader overhaul of the tax administration system aimed at improving identity verification , streamlining taxpayer records , and enhancing data security and analytics. The project is also expected to integrate PAN services with various digital platforms and improve user access to PAN-related functions.
Time of India
3 days ago
- Time of India
LTIMindtree Share Price Live Updates: LTIMindtree Weekly Volume Overview
Discover the LTIMindtree Stock Liveblog, your ultimate resource for real-time updates and insightful analysis on a prominent stock. Keep track of LTIMindtree with the latest details, including: Last traded price 5066.0, Market capitalization: 151316.06, Volume: 9427, Price-to-earnings ratio 32.07, Earnings per share 159.24. Our comprehensive coverage combines fundamental and technical indicators to provide you with a comprehensive view of LTIMindtree's performance. Stay informed about breaking news that can sway LTIMindtree's trajectory in the market. With our expert insights and stock recommendations, make well-informed financial decisions. Join us on this journey as we explore the exciting potential of LTIMindtree. The data points are updated as on 09:28:12 AM IST, 01 Aug 2025 Show more Show less
