Modern CFO’s and tax Heads like to be on top of this by applying for Lower Deduction certificate at the beginning of the year, reconcile tax statements and keeping a check on net amount of tax as refund/to be paid.
Quarter 4 of the business is the time to check the pulse of 26AS Reconciliation at transaction level, preparing reconciliation statements and following up with clients.
A CFO would like to track Financial KPI’s and track the health of a business/company. Working capital is one of the most important KPI for an organization be tracked. Working
Finance professionals deal with large volumes of tax & transaction data. They need to deal with this data for periodic compliances, management reporting, dealing with customers/vendors and audits & assessments.