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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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