Surepass PAN 206AB Verification API helps businesses check whether PAN holders have filed tax returns in the previous year or not. It will help in applying the correct TDS rate and identifying non-compliant taxpayers and businesses.
With the right information, businesses can avoid fines and penalties for incorrect deductions. It automates the PAN verification process under the 206AB of the Income Tax Act and provides up-to-date data.
How does it work?
Input: Enter the PAN number of the individual or business in the API.
API Processing: The API will check the official database and find the relevant details.
Output: Get the following information:
PAN operative status.
Compliance status of taxpayers (Whether they have filled out their returns).
TDS according to tax filing status.
Use Cases
Business Application:
While paying contractors, suppliers, or employees, businesses can use the API to verify the PAN before the TDS deduction.
Tax Professionals:
Tax Professionals can use the API to make sure that the correct TDS is being applied for their clients.
Government Platforms:
Government Authorities can use the API to verify multiple PANs for Tax audits and compliance check processes.