How to Verify geniuneness of Income Tax Returns
Sep24

How to Verify geniuneness of Income Tax Returns

Income Tax Return (ITR) is the first thing banks asks for after KYC documents for any type of loan. The borrower submits copies of Income Tax Returns to the bank, which he has filed online. As a banker, specially on credit desk, due diligence is very important for processing any loan application. Verifying genuineness of Income Tax Returns is part of the due diligence process. Because the eligibility of loan amount is often...

Read More
How to Verify PAN online or Know PAN Details & ITR
Sep24

How to Verify PAN online or Know PAN Details & ITR

KYC is an important process in Banks and one of the important document submitted by customer is PAN (Permanent Account Number). It is important to verify the authenticity of PAN submitted by the customer to establish identity of the customer and also for further tax purposes. Some of the banks have established systems for verification of PAN through their internal applications (by linking them to Income Tax portal) and are limited to...

Read More