11
Sep
2024
In BigData
Data Cleaning & Transformation
Do you feel that data segregation or data sorting is the biggest issue while reconciling expense ledger for TDS payable applicability? Do you know that approximately TDS is under deducted
All posts tagged in Automate Tax Reconciliation
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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
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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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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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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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18
Jul
2022
In BigData
Probabilistic Data Structures in the world of large data processing
We at TaxReco typically deal with large datasets for a variety of customers. Our Reconciliation Engine has got a suite of comprehensive matching algorithms to match the financial transactions from
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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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