Why is PAN verification important?

1Answer

PAN is a means of identifying various taxpayers in the country. The PAN system of identification is a computer-based system that assigns a unique identification number to every Indian tax-paying entity. 

Through this method, all tax-related information for a person is recorded against a single PAN number which acts as the primary key for the storage of information. This is shared across the country and hence no two people on tax paying entities can have the same PAN.

Our Plug and Play integrated PAN verification API helps you confirm if PAN is valid or not, and help match the name provided with the name registered with NSDL, the PAN issuing institution. 

By accessing updated data, the risk of identity fraud and incorrect/incomplete data is reduced.

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