11
Sep
2024
In BigData
Data Cleaning & Transformation
Do you feel that data segregation or data sorting is the biggest issue while reconciling expense ledger for TDS payable applicability? Do you know that approximately TDS is under deducted
All posts tagged in Tax Reconciliation
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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
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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
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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
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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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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
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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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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
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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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19
May
2022
Automating the cumbersome Tax Reconciliation process at large scale
We at TaxReco are mainly focused on automating the cumbersome Tax Reconciliation process at large scale through a simple, unified and standard workflows and improving the productivity of our customers.