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      Dividend TDS technology enabled solution - Case Study

      Automation of TDS compliance process on dividends (for listed companies)
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      Challenges of tax/finance function

      • 16 lakh+ listed company shareholders (25 categories with different TDS rates). Manual data/rate validation
      • 18,000+ foreign shareholders – manual Form 15CA process
      • Time consuming (for already stretched tax team) and potential for inaccuracy.

      How our tech enabled managed services addressed the challenges?

      ‘As-Is’ data from Registrar and Transfer Agents (RTAs) was processed, facilitated by our inhouse dividend TDS technology.

      • Rate determination and TDS calculation
      • Validation of errors
      • Preparation of statutory compliance Forms (15CAs, 26Q, 27Q, 61A)

      The end-to-end process was managed by us.

      Outcomes

      • 16 lakh+ shareholders' data validated, rate determined and TDS calculated
      • End to end engagement delivered in five days (including document verification and statutory form preparations)
      • Significantly higher efficiency and accurate outcomes for the listed companies.

      Key Contacts

      Sunil Badala
      Sunil Badala

      Partner, Head of Tax

      KPMG in India

      Ajay Mehra
      Ajay Mehra

      Non-Executive Chairman

      KPMG in India

      Gaurav Mehndiratta
      Gaurav Mehndiratta

      Partner and National Head, Corporate and International Tax

      KPMG in India

      Rahul Kashikar
      Rahul Kashikar

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

      KPMG in India

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