With standardized data across platforms, adoption of tax technology can be much easier for companies. With tax technology in place, companies can ensure not to miss deducting tax on any transaction.
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TDS is applicable on almost every sales transaction (of a company) whether services or material (for goods sales greater than INR 50 Lakhs). TDS deducted by customers is deposited with
Government of India is moving towards making direct tax applicable on each transaction to avoid leakages through cross assessment, standardizing data and gradually moving towards unified returns. Cues which can be