What are the next steps if transactions are missing from Form 26AS or TDS Receivables ledger?

  • Companies need to follow up with their customers or invoicing team once they identify the transactions missing from 26AS form or sales/TDS ledger.
  • If the number of customers is huge, tax department spends significant time in preparing reports for individual customers and send it to customers or invoicing team via email. With technology intervention, this time can be significantly reduced. (https://www.taxreco.com/how-to-reconcile-tds-effectively/)
  • Once tax team gets clarity from customers or invoicing team, further action can be taken in terms of matching or carrying forward transactions to next financial year.