Enterprise companies have continuously been challenged to keep pace with the ever increasing statutory requirements. TDS & TCS is one such set of compliances mandated by the Income Tax Department.
Based on a couple of recent surveys, the key challenges faced by Enterprises in order of relevance are listed below:
- Robust Centralized Compliance Management for TDS & TCS
- Suitable Infrastructure to Handle Large Data Volumes at Acceptable Speeds
- A Single Platform Available across Multiple Locations and Branches
- Handling and Correcting TDS related Defaults & Errors
- Interaction with TRACES, NSDL or Income Tax and Tracking of all Updates
- Automation Requirement to Optimize Repetitive Manual Tasks
- Preparing and Handling TDS, especially on Salaries.
These issues have been present for several years and are still a big challenge. Leveraging ‘Cloud Technology’, EnterpriseTDS is an online platform designed to specifically address the prime concerns of growing businesses. It is a unified solution across multiple locations and users of a company.
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EnterpriseTDS can help you in a smart and efficient way for TDS & TCS related compliances. Do reach us @ 033-40845500 or email info@enterprisetds.com for inquiries.
Author Bio
The Penalty of Rs. 100/- and Rs. 200/- per day on TDS and TCS return late filing is the Worst Kind of Penalty I can ever think.
Does Government always want people to remain TENSE ?