Enterprises often run the risk of losing tax credits due to lack of regular TCS or TDS reconciliation between books of accounts and the government records (Form 26AS) and process improvement framework.
Manual efforts to reconcile voluminous data set further complicates the overall TDS reconciliation process to identify reasons for mismatches and take effective action for resolution. This also becomes a key risk area for levy of interest and penalties. KPMG Form 26AS Reconciliation solution is our technology enabled managed tax service for managing TCS or TDS reconciliation as per Form 26AS and books of accounts. Analytical TCS or TDS reconciliation dashboards with actionable reports are enabled for digitally managing such TCS or TDS by identifying potential mismatches, mitigating cash flow leakages, and provide avenues for tax credit management and process improvements. It also enables your teams to be assessment ready for TCS or TDS reconciliation .
Technology enabled solution
Value Add
Feature
End-to-end TDS and TCS reconciliation assistance with subject matter expertise
Management dashboards to track multi-year tax credits leakages
Automated reports on data errors in books of accounts
With technology enablement and alignment of PAN-TAN mapping
Builds efficiency in process
Key features
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Key Contacts
Rahul Kashikar
Partner, Head - Tax Technology and Transformation I Partner - Corporate International Tax
KPMG in India
