fbpx

TDS Reconciliation

  • Hassle - free reconciliation services

  • All Document Sharing Online

  • Coordinate with a real human

  • Save time, effort & money

  • Wealth of experience

  • Your data is safe with us

Schedule a call

Packages

How It Works

  1. Schedule a Call at time that works for you
  2. Speak with our consultant and share your documents
  3. Your TDS Filing is done in 3 easy steps!

What is TDS Reconciliation?

Matching Form 16A with an entity’s Form 26AS is TDS reconciliation. 

Entities that deduct TDS, first deposit the same and then file quarterly returns at a future date. Typically the banks through whom the TDS deposit has been made relay this information back to Tax Information Network TIN. While Returns are also filed through the TIN. The system then matches the payments with returns to finally reflect in the Form 26AS of the deductee.

Benefits

Since there are many reasons for the discrepancy between what is available in Form 16A by the supplier and his or her Form 26 AS, it is always a good idea to reconcile differences periodically to avoid large mismatches towards the end of the year.

This helps maintain accounting and tax hygiene and avoids delays in the filing of the income tax return.

Documents required for TDS Reconciliation

  1. Form 16A
  2. Form 26AS
  3. TDS Statement

FAQs

  1. Why is there a mismatch between Form 16A and Form 26AS?
  2. What is TDS?
    TDS is an indirect collection scheme, where a person who is responsible for making payment of income is also required to deduct tax at source and deposit the same to the Government’s treasury within the stipulated time period.
  3. What problems can occur with TDS mismatches?

Contact Us

What is TDS Reconciliation?

Matching Form 16A with an entity’s Form 26AS is TDS reconciliation. 

Entities that deduct TDS, first deposit the same and then file quarterly returns at a future date. Typically the banks through whom the TDS deposit has been made relay this information back to Tax Information Network TIN. While Returns are also filed through the TIN. The system then matches the payments with returns to finally reflect in the Form 26AS of the deductee.

Benefits

Since there are many reasons for the discrepancy between what is available in Form 16A by the supplier and his or her Form 26 AS, it is always a good idea to reconcile differences periodically to avoid large mismatches towards the end of the year.

This helps maintain accounting and tax hygiene and avoids delays in the filing of the income tax return.

Documents required for TDS Reconciliation

  1. Form 16A
  2. Form 26AS
  3. TDS Statement

FAQs

  1. Why is there a mismatch between Form 16A and Form 26AS?
  2. What is TDS?
    TDS is an indirect collection scheme, where a person who is responsible for making payment of income is also required to deduct tax at source and deposit the same to the Government’s treasury within the stipulated time period.
  3. What problems can occur with TDS mismatches?