TDS Catch - Income Solution

Improve tax credit systems and compliance management seamlessly

CONTACT US

Overview

It is often challenging for taxpayers to accurately determine the eligible Tax Deducted at Source (TDS)/ Tax Collected at Source (TCS) credits owing to difficulties such as reconciling voluminous data, the time difference in booking entries in books vs entries appearing in Form 26AS, tracking multi-year credit, control and monitoring and blockage of working capital. These obstacles may lead to loss of tax credits, impacting cash flows and increasing tax risks.

Our TDS Catch - Income Solution implements seamless reconciliation processes that track, monitor and integrate data, making the organisation compliance-ready and avoiding impacts on critical cash flows.  .

How BDO India Can Help

Our highly skilled team of domain and data experts at BDO India help clients gain significant benefits through adequate management of data and timely tax compliance.

Invoice-wise multi-year reconciliation of both income and TDS/TCS credit as per books with Form 26AS. Auto-tagging of reasons for reconciliation and mismatch based on robust inbuilt logic. It features a 3-way TDS reconciliation with a built-in TDS validation engine.

TAN-PAN mapping to build a correlation between records from books with records from Form 26AS. Tracking of TDS/TCS threshold limits and utilisation of lower deduction certificate information.

Identifying the transactions liable to TDS/TCS and mapping the TDS/TCS rate based on the income. Determination of the ideal TDS/TCS deductible/collectible.

Analytical view available for TDS/TCS credits and status of reconciliation for income, TDS/TCS, system-generated user-tagged actionables, and details of unutilised TDS/TCS credits.

Notifications to users where lower tax deduction certificates are nearing expiry. Reminders on pending actions for users.

Fetches Master and Transaction data from the customer ERP and integrates with the BDO India solution.

Reconciliation reports along with reasons for reconciliation and mismatch which can be submitted to tax authorities during assessment proceedings. Data management for applying for a lower deduction certificate.

Sending intimations/communications to customers and/or vendors, wherever necessary and tracking responses received from customers/vendors.

Related Insights

See all insights

Meet Our Leaders

Parijat Parimal

Parijat Parimal

Partner & Sales Lead Large Accounts
Technology Product and Solutions
BDO Digital
$$BDO.LiveSite.ViewBio$$

Contact Now

Connect with our professional team to discuss your needs using the form below

By submitting your details, you confirm you have read our privacy policy and agree to us processing your data in accordance with it.

Related Services

Our Analytics suite of applications is designed to create a true reflection of an organisation’s tax liabilities, and, in effect, the insights needed to manage the working capital and smart monitoring of vendor-wise ITC.

Know More

Our Automation and Integration solutions help businesses enable operations that are error-free, fast and better integrated to fulfil compliance requirements

Know More
Our Business Process Automation applications are designed to streamline operations, reduce manual efforts and drive productivity by automating tasks and optimising workflows, allowing organisations to allot more time and focus on core business activities.

Know More
Our Compliance solutions are designed to manage, analyse and automate several tax and filing solutions to drive efficiency and eliminate errors, creating the best outcomes while saving time and costs.

Know More

Our specialised applications are designed to simplify and streamline assessments and enable organisations to stay ahead of legal and regulatory challenges through easy maintenance and real-time updation of records

Know More

Our Reporting and Analysis solutions not only facilitate precise consolidation of data for multi-reporting requirements but also add a layer of transparency and speed to the operational processes.

Know More

$$BDO.LiveSite.CookieBanner.Description$$

$$BDO.LiveSite.CookieBanner.Accept$$$$BDO.LiveSite.CookieBanner.Decline$$