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
All posts tagged in Taxreco
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26
Jun
2023
Automation vs Manual – Which is better?
When it comes to choose between manual process and automated process, obvious response is Automated Process. But any organization would like to weigh the options before taking a call between
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26
May
2023
Unleash the Power of Technology in Finance – Insights from Gartner and Deloitte
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
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27
Apr
2023
In BigData
Data is the New Oil
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.
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11
Apr
2023
Challenges in Automation of Form 3CD
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
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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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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
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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