17
Jan
2023
Decoding Tax Deducted at Source (TDS) for Beginners
In recent years TDS has become a transaction tax and it is applicable on almost every transaction like GST. It is very important for a company/person to comply with TDS
By taxreco In Accounting Basics
In recent years TDS has become a transaction tax and it is applicable on almost every transaction like GST. It is very important for a company/person to comply with TDS
By taxreco In Accounting Basics
Overview Clause 34 of Tax Audit Report (Form 3CD) requires Tax Auditors to comment on the overall Tax Deducted at Source (TDS/TCS) compliances by the tax payers. In accordance with
By Avdhesh Sharma In Accounting Basics
We read this often on social media and many companies have successfully transformed the way their finance department functions and are reaping the benefits of transformation viz. Able to file
By Vijender Singh In Accounting Basics
01 July 2022 marked another important date for the TDS provisions. It marked the introduction of new sections under the TDS chapter of the Income Tax, 1961. It remains in
By Vijender Singh In Accounting Basics
The recon of the 34A is probably the most crucial recon of the Form 3CD. Usually, companies take the data as filled out in the TDS returns filed during the
By Avdhesh Sharma In Accounting Basics
Tax Deducted at Source (TDS) is applicable on almost every purchase made by an organization, whether goods or services. Companies are supposed to deduct TDS as per Income Tax Act
By Vijender Singh In Accounting Basics
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
By Sai Prasad Krishnamurthy In Accounting Basics
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.
By Avdhesh Sharma In Accounting Basics
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
By Dinesh Sharma In Accounting Basics
We completed six months of our start-up TaxReco’s journey last month. This article is a reflection of how far we have come in the previous six months. Ideation and Conceptualisation
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