Enterprises often run the risk of losing tax credits due to lack of regular TDS/Income reconciliation between books of accounts and the government records (Form 168, earlier known as Form 26AS).
Manual efforts to reconcile data is time-consuming, error-prone and makes it difficult to identify mismatches and resolve them on time. This can lead to TDS credit leakages, potential levy of additional tax, interests and penalties leading to disputes during assessments.
Compliant with the New Income Tax Act 2025, our TDS reconciliation (income) solution is an intelligent threshold-based solution designed to deliver automated TDS/Income reconciliation between Form 168 and books of accounts. The solution acts as a comprehensive tool for TDS credit management which helps in identifying mismatches, tracking TDS credits, and keeps tax functions assessment-ready.
TDS Reconciliation (Income) Solution
Automated reconciliation of TDS and Income between books and Form 168
Value add
Key features and their potential benefits
Case studies
Key Contacts
Rahul Kashikar
Partner, Head - Tax Technology and Transformation I Partner - Corporate International Tax
KPMG in India