05
Dec
2023
TDS Reconciliation – Importance of KYC
Know(ing) your customer (KYC) is always important and helpful whether in sales, marketing, human resource or in finance. Let us take the case of TDS Reconciliation and understand how not
All posts in Tax Law Changes
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17
Nov
2022
Pave your way through Clause 34(a)- The TaxReco way
Overview Technology can be the only solution Overcoming the tedious task
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26
Oct
2022
Clause 34(a)- Tax Audit Reporting- Nitty Gritty and Challenges Involved
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
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22
Aug
2022
New TDS sections 194R and 194S
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
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01
Aug
2022
TDS payable under 34A – Manner and Problem areas
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
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02
Dec
2021
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
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13
Nov
2021
One year of TCS Section 206C 1H and One quarter of TDS Section 194Q – How have things changed?
This Diwali marked the completion of First Quarter of TDS u/s 194Q which was implemented w.e.f. 01 July 2021 and also the completion of First year of TCS u/s 206C
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10
Jul
2021
Impact of TDS Section 194Q on Manufacturing Sector
With TDS section 194Q being applicable from Jul1, 2021, TDS shall be applicable to transactions in manufacturing sector. Is the sector ready to handle compliances?