TDS/TCS CREDIT - A PROPRIETARY TAX - TECHNOLOGY SOLUTION BY BDO INDIA
19 May 2023
Taxpayers often face challenges when calculating TDS/ TCS credits due to difficulties in reconciling voluminous data. The process of reconciliation itself suffers when there is limited correlation between the information in books against information in Form 26AS. Over multiple years, tracking credits becomes difficult owing to the time difference in recording entries in books vs entries appearing in Form 26AS.
The inability to navigate these challenges may lead to loss of tax credits, impacting cash flow and increasing tax risks in the business.
We at BDO India help businesses gain significant benefits through our cloud-based solution that enables adequate data management and timely compliances. Our TDS/ TCS Credit Solution is the result of the combined expertise and efficiency of our highly skilled team of domain and data experts.
Read our publication to know more about the challenges organisations face on account of TDS/ TCS credits, and how our solution helps navigate these challenges to adhere continuous compliance.