We at TaxReco are mainly focused on automating the cumbersome Tax Reconciliation process at large scale through a simple, unified and standard workflows and improving the productivity of our customers.
Tax Reconciliation is a complex technical problem to solve especially at large scale.
Much of the complexity lies in the following areas at a high level.
With the end of Financial Year 2021-22, every company would start reconciling 26AS form with their TDS Receivable Ledger.
The amount of TDS/TCS appearing in form 26AS has to be claimed from the government, after reconciliation, when Income Tax Return is filed.
The idea of TaxReco originated from our co-founders Avdhesh Sharma and Vijender Singh Bachal, who are highly experienced in solving tax-related matters for various organisations. Through their experience, they realised that organisations in India often struggle to reconcile their tax data (B2B) with their vendor or customers.
TaxReco Industry Talk Series – TaxReco in discussion with Mr. Dauji Gupta of AF Ferrari Secure Logitech Pvt. Ltd. discussing Importance of 26AS Reconciliation
With TDS section 194Q being applicable from Jul1, 2021, TDS shall be applicable to transactions in manufacturing sector. Is the sector ready to handle compliances?
