TDS Audit Checklist
Before closing the financial year, TDS Receivable and Payable data shall be audited to avoid surprises during the tax audit later
Accounting Basics, Accounting Process, Process Automation, Tax Audit, Tax Automation
26as reconciliation, Accounting Basics, Accounting Process
26AS Reconciliation Process – Best Practices for Finance Teams
26AS Reconciliation, reconciling Form 26AS with the TDS Receivable Ledger remains one of the most time-consuming activities during tax closing and return filing cycles for many organizations What appears to be a simple matching exercise often turns into a complex challenge involving: As businesses grow and customer volumes increase, traditional spreadsheet-based reconciliation becomes inefficient, error-prone,
Income Tax Act 2025, 26as reconciliation, Tax Automation, Tax Law Changes
Time Limit to revise TDS Return – Change in Section 397(3)(f) of the Income Tax Act, 2025
TDS Return revision time limit has been changed to 2 years from 6 years after amendment in section 397(3)(f) of Income Tax Act, 2025
Accounting Process, 26as reconciliation, Accounting Basics
TDS Accounting – Receipt v/s Accrual, which is better?
Companies follow different methods of TDS accounting – Accrual based v/s Receipt based accounting. With an objective to reconcile sales and TDS both with 26as form, which method is more suited?
26as reconciliation, Accounting Basics, Tax Automation, Uncategorized
Reasons for Tax Credit Mismatch with Form 26AS
Explore possible reasons for Tax Credit mismatch with Form 26as, how to resolve them and best practices for 26as reconciliation with books
Tax Law Changes
Changes in Income Tax From April 1, 2025
In order to simplify direct tax in India, Government has omiyyed section 206AB, 206CCA, 206C(1H) from Income Tax Act 1961.
BigData, Process Automation, Tax Audit, Tax Automation
Data Cleaning & Data Transformation
TaxReco’s Data Transformation Module can automate data cleaning and transformation activity, which is essential before TDS Payable reconciliation
Accounting Basics, Process Automation, Tax Automation
26AS Reconciliation – Issues & Solution
Issues faced in 26AS Reconciliation and their possible solutions using tax technology like TAN to PAN search
Process Automation, Tax Automation, Tax Law Changes
TDS Reconciliation – Importance of KYC
Validation of TAN number and PAN Number is important for TDS Reconciliation. How companies can automate these processes to avoid notices and penalty from Income Tax Department
Process Automation, Tax Automation, Tax Strategy
Automation vs Manual – Which is better?
When it comes to choose between manual process and automated process, obvious response is Automated Process.