How frequently should a company reconcile TDS receivable ledger with Form 26AS?

  • The objective of 26AS reconciliation is to match the transactions done with a particular customer to ensure whether customer has deposited TDS with government after deducting it (same should reflect in 26AS form).
  • If the transactions are missing or correct values are not reflecting in 26AS form then the company should notify their customer to get the data rectified in 26AS form. 

Ideally  26AS reconciliation should be done every quarter to avoid last minute rush and eventually working capital losses.