17
Jan
2023
Decoding Tax Deducted at Source (TDS) for Beginners
In recent years TDS has become a transaction tax and it is applicable on almost every transaction like GST. It is very important for a company/person to comply with TDS
By taxreco In Accounting Basics
In recent years TDS has become a transaction tax and it is applicable on almost every transaction like GST. It is very important for a company/person to comply with TDS
By taxreco In Process Automation
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
By Vijender Singh In Accounting Basics
01 July 2022 marked another important date for the TDS provisions. It marked the introduction of new sections under the TDS chapter of the Income Tax, 1961. It remains in
By Avdhesh Sharma In Accounting Basics
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
By Vijender Singh In Accounting Basics
There has been confusion regarding this hot topic. The question is simply that if a business needs to reconcile then it should reconcile with 16A issued by the deductors or
By Avdhesh Sharma In Accounting Basics
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
By taxreco In Process Automation
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
By Avdhesh Sharma In Accounting Process
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
By Vijender Singh In Accounting Process
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
By taxreco In Tax Automation
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
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