Signzy ITR & 26AS API

• The Signzy 206AB & 206CCA API enables lenders and financial institutions to verify a customer’s compliance status under Sections 206AB and 206CCA of the Income Tax Act. These sections apply higher TDS/TCS rates for non-filers of income tax returns. By integrating this API, lenders can assess whether a borrower or payee falls under the non-compliant category and ensure proper tax deduction at source, thereby reducing regulatory risk.

Major Customer

• ICICI Securities, Lendingkart, Piramal Capital, Capital Float, NeoGrowth

• These institutions leverage the API to automate compliance checks, especially for high-value transactions and vendor payments.

Fees

• (Signzy) offers a usage-based pricing plan that adapts to your compliance check volume and operational scale.

• (Contact us) for a personalized quote tailored to your regulatory needs

Features & Integrations

• Real-Time PAN Verification: Instantly checks compliance status using the PAN of the individual or entity
• CPC Integration: Fetches compliance flags directly from the Income Tax Department’s Centralized Processing Center -Bulk PAN Processing: Supports high-volume validation for corporate onboarding or vendor assessments
• Regulatory Compliance Ready: Helps avoid under-deduction penalties as per CBDT circulars
• Seamless Workflow Integration: Easily connects with TDS engines, finance ERPs, and payout systems
• Clear Status Flags: Returns status like “Compliant,” “Non-filer,” or “Applicable under 206AB/206CCA”

Use Cases for The Signzy ITR & 26AS API

• Loan Underwriting & Income Validation: Instantly retrieve ITR and 26AS data to verify declared income and tax filing status for personal, home, or business loans.
• Self-Employed & SME Credit Evaluation: Use tax returns to assess income stability, profit margins, and turnover when bureau data is unavailable or insufficient.
• Alternate Credit Scoring: Rely on tax filings and TDS data to score new-to-credit or thin-file applicants with verified financial behavior.
• Digital Credit Card Issuance: Validate income and tax compliance to issue premium or unsecured credit cards without manual uploads.
• Insurance Underwriting: Assess high-ticket life or health insurance applications by verifying tax returns as proof of financial credibility.
• Investor Onboarding & Suitability Checks: Use ITR and 26AS data to verify income bracket before onboarding for mutual funds, PMS, or AIF platforms.
• Fraud Detection & Compliance Checks: Identify inconsistencies between declared and reported income to detect document forgery or false claims.
• Top-Up Loan Assessment: Re-evaluate borrower eligibility for credit line enhancements using updated tax data.
• Digital Onboarding Automation: Reduce TAT by fetching verified tax records directly from income tax databases with user consent.
• Regulatory Reporting Readiness: Maintain compliance and audit trails by integrating verified ITR/26AS data into KYC and AML workflows.

Advantages of Using Signzy ITR & 26AS API

• Prevents Tax Errors: Ensures correct TDS/TCS deduction based on compliance status

• Avoids Penalties: Helps your institution stay aligned with updated CBDT rules

• Speeds Up Validation: Eliminates the need for manual tax compliance checks

• Secure & Trusted: Fully encrypted with audit logs and RBI-aligned security practices

• Easy to Deploy: RESTful API with quick onboarding and technical support

• If your business needs a secure, compliant, and scalable solution to verify high-value transaction compliance under Sections 206AB and 206CCA, the Signzy API is a trusted tool for Indian financial institutions and lenders.