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
All posts tagged in Automate Tax Compliance
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08
Dec
2022
Objectives of Reconciliation Automation
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
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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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21
Sep
2022
Transforming Finance through Tax Technology
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
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18
Jul
2022
In BigData
Probabilistic Data Structures in the world of large data processing
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
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13
Jun
2022
26AS vs 16A for the reconciliation with TDS receivable
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
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06
Apr
2022
Why is 26AS Reconciliation not a year-end activity?
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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14
Jan
2022
The Mighty #TaxAudit
The Mighty #TaxAudit The Income Tax Audit for the FY 2020-21 is in the news again. The date is extended one more time and there is a sigh of relief
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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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16
Jun
2021
Tax Compliance date extended ….. should it matter to you?
Last week, the Central Board of Direct Taxes (CBDT) extended due dates for compliance, return filings, tax audits, providing significant relief to taxpayers due to the pandemic. It was done well