Your Trusted Identity Verification Partner- RPACPC

In today’s ever-evolving business environment, compliance with regulatory requirements is more important than ever. As we head into 2024, Section 206AB compliance  has become a priority for organizations aiming to avoid penalties and remain efficient This article examines the reasons for a 206AB compliance audit at the top of your 2024 priorities. Rationale Section 206AB: Overview   Section 206AB introduced under the Income Tax Act is a special provision for deduction of tax at source (TDS) for non-filing of income tax returns mandates higher rate of TDS for non-returns tax returns for last two years and have total TDS of ₹50,000 or more in any of these years. This provision aims to encourage compliance and expand taxation by eliminating common taxation.   Which means they didn’t follow the rules   Failure to comply with section 206AB can have many negative consequences. Companies may face the following:   i]. Higher TDS Rates:  Non-compliant entities are s...

F inancial security is verifying the authenticity of financial transactions. One of the most important tools that has come up in this field is the PAN Verification  API. This technology not only simplifies the process of Permanent Account Number (PAN) verification but also enhances the security and reliability of financial transactions. This article delves into what the PAN Verification API is, its benefits, how it works, and why it is a must for businesses and financial institutions. Understand The Importance of PAN   What is a PAN? Permanent Account Number (PAN) is a unique ten digit identifier issued by the Indian Revenue Service. It is an important tool for monitoring financial transactions and preventing tax evasion. Every taxpayer or company in India is issued a PAN, which is used to collect all tax-related information.   Why is PAN Important? PAN plays an important role in various financial activities e.g.   Income Tax Return Filing:  PAN is mandatory for...

  Running a food business isn’t just about serving delicious food; It’s about making sure the service you provide is safe and meets regulatory standards. The Food Safety Standards Authority of India (FSSAI) plays an important role in setting these standards in India. Obtaining and accrediting FSSAI license is an important step in any food business. In this article, we will explore why FSSAI License Verification  is so important to the success of your food business. From regulatory compliance to consumer confidence, we will examine everything that makes the use of FSSAI licenses mandatory. What is FSSAI L icence? The FSSAI license is a certificate issued by the Food Safety &  Standards Authority of India (FSSAI) to food processing operators (FBOs) in India. This certification is proof that the food industry complies with the standards and regulations set by the government. FSSAI is an autonomous body set up under the Ministry of Health and Family Welfare, Government of...

In today’s fast-paced business world, efficiency and consistency are paramount. The key to maintaining these attributes is to ensure that the identification numbers associated with performance are correct and consistent. In Indian context, two such identifiers are Director Identification Number (DIN) and Permanent Account Number (PAN). Understanding how to verify DIN from PAN    can greatly simplify your business processes, ensuring compliance and smooth operation. What is a DIN? A Director Identification Number (DIN) is a unique number assigned to individuals who wish to be appointed as directors of a company. It is mandatory for all existing and prospective directors to have a DIN. This number is issued by the Ministry of Corporate Affairs (MCA) and is valid for the lifetime of the director, forming an integral part of their identity in all official documents and transactions relating to the company.   DIN is Important In Business   The DIN fulfills several importa...