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 by Avdhesh Sharma
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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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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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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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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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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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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