26
Mar
2024
TDS Audit Checklist
Less than seven days are left for the financial year 2023-24. Tax teams need to be assured about the numbers after reconciling their books’ data with the government data. Let’s
All posts tagged in Tax Compliance
-
-
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
-
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
-
20
Dec
2022
Future of Tax Function
With business dynamics changing every year, companies have been making changes in their products, customer outreach, customer service etc. These changes are done to ensure that top-line (sales) growth is
-
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
-
06
Jul
2022
Automation of TDS Reconciliation – Is it necessary?
Tax Deducted at Source (TDS) is applicable on almost every purchase made by an organization, whether goods or services. Companies are supposed to deduct TDS as per Income Tax Act
-
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
-
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
-
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
-
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
- 1
- 2
Viewing page 1 of 2