New Delhi, Aug. 5 -- Software company LTIMindtree has reportedly won the Income Tax Department's contract for its PAN 2.0 project, which aims to upgrade India's Permanent Account Number (PAN) system for taxpayer identification.

From the design and development of PAN 2.0 as a platform to its operation and upkeep, the Mumbai-based firm will serve tax authorities as a "managed service provider."

Also read: Profiteering worries cast cloud over GST cuts

Various portals for PAN-related services are to be unified, with an emphasis on making them user-friendly and easing digital processes, but without asking PAN card holders to get fresh ones issued.

While taxpayers can look forward to this platform's rollout, scheduled within 18 months, it's...