TDS Audit Checklist
Before closing the financial year, TDS Receivable and Payable data shall be audited to avoid surprises during the tax audit later
Accounting Basics, Accounting Process, Process Automation, Tax Audit, Tax Automation
Automate 26AS Reconciliation
Accounting Basics, Process Automation, Tax Automation
26AS Reconciliation – Issues & Solution
Issues faced in 26AS Reconciliation and their possible solutions using tax technology like TAN to PAN search
Process Automation, Tax Automation, Tax Law Changes
TDS Reconciliation – Importance of KYC
Validation of TAN number and PAN Number is important for TDS Reconciliation. How companies can automate these processes to avoid notices and penalty from Income Tax Department
Process Automation, Tax Automation, Tax Strategy
Automation vs Manual – Which is better?
When it comes to choose between manual process and automated process, obvious response is Automated Process.
Accounting Process, Process Automation, Tax Automation, Tax Strategy, Tax Technology Startup
Objectives of Reconciliation Automation
While we are automating TDS Reconciliation (26AS Reconciliation & 34A Reconciliation) for customers – we would like to share recent experiences and instead redefine the purpose of automation.
Accounting Basics, Accounting Process, Process Automation, Tax Automation, Tax Strategy, Tax Technology Startup, Tech Startup
26AS vs 16A for the reconciliation with TDS receivable
There has been confusion regarding this hot topic. The question is simply that if a business needs to reconcile then it should reconcile with 16A issued by the deductors or the tax credit statement of 26AS. To resolve this confusion, we need to be back to basics of the TDS receivable reconciliations.
Accounting Basics, Accounting Process, BigData, Process Automation, Tax Automation, Tax Strategy, Tax Technology Startup, Tech Startup
Automating the cumbersome Tax Reconciliation process at large scale
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.
Accounting Basics, Accounting Process, Tax Automation, Tax Strategy, Tax Technology Startup
Why is 26AS Reconciliation not a year-end activity?
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.
Process Automation, Tax Automation, Tax Strategy, Tax Technology Startup, Uncategorized
The Mighty #TaxAudit
The Mighty #TaxAudit – The Income Tax Audit for the FY 2020-21 is in the news again. The date is extended one more time and there is a sigh of relief everywhere. Here is a take on what makes the tax audit a lengthy process.
Accounting Process, Process Automation, Tax Automation, Tax Law Changes
How to reconcile TDS effectively?
TaxReco has been discussing it since Feb 2021 as to how TDS Section 194Q will impact or has already begun impacting the way that tax teams work in companies across industries.
For one thing, the spotlight has been put on Form 26AS reconciliation/ TDS Reconciliation