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06
Apr
2022
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 claimed from the government, after reconciliation, when Income Tax Return is filed. More often than
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14
Jan
2022
The Mighty #TaxAudit The Income Tax Audit for the FY 2020-21 is in the news again. The date is extended one more time and there is a sigh of relief everywhere. Here is a take on what makes the tax audit a lengthy process. Data
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02
Dec
2021
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 industries. For one thing, the spotlight has been put on Form 26AS reconciliation/ TDS Reconciliation
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13
Nov
2021
This Diwali marked the completion of First Quarter of TDS u/s 194Q which was implemented w.e.f. 01 July 2021 and also the completion of First year of TCS u/s 206C 1H which was implemented w.e.f. 01 Oct 2020. The new provisions have affected the cash
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13
Aug
2021
TaxReco is a SaaS tax platform to disrupt the way tax departments of Indian companies works. TaxReco has a vision to automate all tasks done manually in excel sheets and require an audit trail to be maintained by eliminating repetitive, non-productive activities. These manual activities
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06
Aug
2021
“When the business is so tightly knotted with tax policies and the system of credit claiming with the features of the cross assessment, there cannot be any board meeting complete without the due discussion on the tax function” In the business world, Tax and Board
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29
Jul
2021
We completed six months of our start-up TaxReco’s journey last month. This article is a reflection of how far we have come in the previous six months. Ideation and Conceptualisation The idea of TaxReco originated from our co-founders Avdhesh Sharma and Vijender Singh Bachal, who
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29
Jul
2021
TaxReco would like to share our experiences on our product evolution and our technology’s critical role to be a catalyst to evolve our product based on our customer needs. I will try to document our journey so far and break this down into milestones and,
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10
Jul
2021
TaxReco Industry Talk Series – TaxReco in discussion with Mr. Dauji Gupta of AF Ferrari Secure Logitech Pvt. Ltd. discussing Importance of 26AS Reconciliation
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10
Jul
2021
TaxReco Industry Talk Series – TaxReco in discussion with Mr. Dauji Gupta of AF Ferrari Secure Logitech Pvt. Ltd. discussing impact of unreconciled transactions in 26AS reconciliation