Deloitte Touche Tohmatsu India LLP (DTTILLP) recently conducted a survey on Income Tax digitalisation in India 2023. The Objective of survey was to Understand the industry’s outlook on various technology
In BigData
Data is the new Oil – this famous quote was given by Mathematician Clive Humby in 2006. Like Oil, data is valuable but if unrefined, it cannot be really used.
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 the
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
While we are automating TDS Reconciliation (26AS Reconciliation & 34A Reconciliation) for customers – I would like to share recent experiences and instead redefine the purpose of automation. Yes, automation
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
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
In BigData
We at TaxReco typically deal with large datasets for a variety of customers. Our Reconciliation Engine has got a suite of comprehensive matching algorithms to match the financial transactions from
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
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
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