Modern CFO’s and tax Heads like to be on top of this by applying for Lower Deduction certificate at the beginning of the year, reconcile tax statements and keeping a check on net amount of tax as refund/to be paid.
Quarter 4 of the business is the time to check the pulse of 26AS Reconciliation at transaction level, preparing reconciliation statements and following up with clients.
The biggest problems encountered by businesses can be solved with simple solutions. Like travelling need in a comfortable taxi available on call without hassle was solved through aggregation of taxis
The biggest hurdle while exploring #financeautomation is availability of #data at a single source. Multiple files need to be merged to get all the data points required for reconciliation automation.TaxReco being