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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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
Finance professionals deal with large volumes of tax & transaction data. They need to deal with this data for periodic compliances, management reporting, dealing with customers/vendors and audits & assessments.