Skip to main content
Submit RFP

      A global advertising group faced audit qualification due to mismatches between TDS receivables in books and Form 26AS across multiple years and entities. KPMG in India used a tech-enabled reconciliation solution to analyse data, perform multi-year reconciliation, and deliver outcomes.

      The challenge

      Auditors raised qualification for multiple entities across years, indicating mismatch in TDS amounts

      Concerns over accuracy of TDS receivables recorded in the balance sheet impacted on the reliability of financial reporting

      Escalation to leadership to have the same validated/verified by third party consultant for reliability and reporting in financial statements

      Our approach

      • KPMG tech-enabled Form 26AS Reconciliation solution
      • Multiple year reconciliation on voluminous data sets
      • Customised reports based on client requirements
      • Dedicated team of tax professionals reviewing and supporting the engagement

      The impact

      more

      Achieved more than 90 per cent match through tech-enabled reconciliation

      report

      Prepared consolidated analytical reports for potential TDS credit leakages

      play_lesson

      Strengthened digital governance and audit readiness

      trending_up

      Improved stakeholder confidence with validated reporting

      Key Contact

      Rahul Kashikar
      Rahul Kashikar

      Partner, Head - Tax Technology and Transformation I Partner - Corporate International Tax

      KPMG in India

      Connect with us

      Contact our specialists for more information

      Contact us
      connect with us