With standardized data across platforms, adoption of tax technology can be much easier for companies. With tax technology in place, companies can ensure not to miss deducting tax on any transaction.
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The biggest hurdle while exploring #financeautomation is availability of #data at a single source. Multiple files need to be merged to get all the data points required for reconciliation automation.TaxReco being
TDS is applicable on almost every sales transaction (of a company) whether services or material (for goods sales greater than INR 50 Lakhs). TDS deducted by customers is deposited with