Optimize Tax deductions with accuracy
Navigating the complexities of tax compliance under Sections 194Q, 206AB, and 206CCA can be daunting. Businesses face increased scrutiny, higher TDS/TCS rates for non-compliant vendors, and stringent requirements to validate vendor ITR filings. Enhance tax filing process efficiency with a robust RPA-driven tax compliance solution, tailored to address these challenges efficiently.
Our RPA Bots empower organizations to streamline processes, ensuring compliance with minimal manual intervention while maintaining operational excellence.
We understand the Challenges
Identifying Taxpayer Compliance : Recognizing taxpayers withholding taxes on purchases to ensure TCS is not erroneously applied.
Verification Complexity : Manual validation of vendor PAN and ITR filing status is resource-intensive.
Increased Compliance Burden : Higher TDS/TCS rates apply for non-compliant vendors, risking financial penalties.
Proactive TDS Declarations : Providing vendors timely declarations to prevent duplicate tax withholding.
Integrating Declarations with Payments : Linking vendor declarations to billings and payments for seamless compliance.
Time and Effort : Consolidating vendor data across systems and ensuring its accuracy for compliance requires significant manual effort.
The Smart Solution
Bulk Data Processing : Automated verification of PAN and ITR filing status using government portals.
Seamless Integration : Effortless compatibility with ERP systems and heterogeneous data sources.
End-to-End Workflow Automation : From data extraction to compliance validation, our bots manage the process autonomously.
Blockchain Security :Leveraging Cygnature for secure e-signatures and audit trails.
Notify via email : Automated mails for declarations to vendor/customers
Vendor categorization :Classifying the vendors/customers based on the rate at which tax is to be deducted/collected.
How it Works?
Automated ITR Status (RPA BOT)
Post confirming the customer Turnover
Input PAN & Acknowledgement No.
Fetch ITR Status Per Annum
Show status
Tax return filed
TDS to be deducted at normal
Tax return not filed
