26AS Reconciler

Digitalize reconciliation of TCS & TDS receivables and revenue!

Revenue Reconciled, Assessments Handled Confidently! Multi-Year Reconciliation across Periods Enabled! High-Volume Data Handled Effortlessly! Advance Taxes Computed Accurately! Higher Productivity Achieved, Time Saved! Total Compliance with Section 194Q Ensured!

26AS Reconciler - A Solution That Helps You triumph Over

Limitations of Manual Processes

Save Time | Achieve Higher Productivity | Handle Voluminous Data Easily

A manual process has inherent limitations. These include being error-prone, time-consuming, repetitive, susceptible to delays, inconsistent, and inefficient at handling errors. It can also cause miscommunication, lack control, and require substantial resources. Our solution overcomes all these limitations through technology-enabled reconciliation. With the 26AS Reconciler, you can save time, achieve higher productivity, and handle voluminous data efficiently.

Non-Compliance with TDS Laws

Comply with 194Q | Verify PAN TAN

Master the application of Section 194Q of the IT Act.
As the government widened the scope of TDS by adding Section 194Q, buyers across the country faced challenges in applying the provisions of the section. Our solution simplifies the application of these provisions to ensure total compliance.

Our solution can also assist in the alignment of PAN-TAN mapping for the deductor to ensure error-free reconciliation.

Difficulty in Establishing Correctness

Compute Accurate Advance Tax | Face Assessments with Confidence

By maintaining proper records of TDS and reconciling them with 26AS, accuracy is established and errors are rectified.

TDS reconciliation guarantees accurate TDS credit, which in turn ensures accurate advance tax computation.

Revenue reconciliation makes facing assessments less challenging. With revenue accuracy established through TDS reconciliation, facing assessments become effortless.

Multiple-Year Reconciliation Challenge

Perform Multi-Year Reconciliation

Multi-year reconciliation may seem an impossible task if done manually. However, our solution makes it possible, rectifying previous years’ errors so that you can start with a clean slate and avoid carrying forward mismatches.

20+ years of tax technology experience

Expert handling of end-to-end reconciliation of revenue,
TDS, and TCS with 26AS

Multi-year reconciliation

Upload of 26AS data for up to 3 years to locate
cutoff transactions

Bulk download of names as per Traces and PAN verification utility

Validity of PAN and PAN-TAN mapping as per 26AS

Government organization reconciliation

Mapping of government organization TANs to enable
reconciliation without PAN

Handling of voluminous data

Easy processing of large volumes of data

Achieving higher productivity

Reduction of reconciliation time by 80%

Accurate advance tax computation

Calculation of accurate advance tax for the
current year to ensure optimal cash flows

Previous year tax credit

Accessing tax credits from previous years as per the
Finance Bill 2023 amendment to ensure optimal cash flows

Correct identification of 194Q transactions

Providing accurate credit to customers as per 26AS

Tax assessment with ready revenue
reconciliation

Reducing assessment time by producing the revenue reconciliation beforehand

Customer name fetching the TAN number from your 26AS

Identifying government customers efficiently in case of non-availability of PAN

Reference number in ledger from 26AS

Establishing the validity of the reconciliation

Source of rectification

Identifying whether the customer or accounts department needs to pass entries for timely action

Quarter-wise reconciliation

Offering convenience of quarterly reconciliation

Trouble-free reconciliation of the most challenging 26AS, owing to the digitalization offered by our solution, 26AS Reconciler

Digitalized Solution, Not Just a Tool!

A tool assists with a specific task, but with 26AS Reconciler, we offer a comprehensive solution. This solution will remove the burden of the laborious task of reconciling 26AS issued by the government with the TDS ledgers.

With 26AS Reconciler, you can be sure of the following benefits:

Error-free processing
Reduced man-hours
Better tax planning resulting in tax saving
Root cause tracing of the mismatch and process-level changes.

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Connect with Us

North Sales:
+91-97736-25660
South Sales:
+91-98940-87264
Support:
+91-98408-34116
+91-80802-79120
+91-94208-09539

+91-98408-34116
+91-80802-79120
+91-94208-09539

support@fastfacts.co

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Intelligent Solution, Not Just
Digitalized!

Think you have unique challenges that a straightforward solution cannot handle? Fret not! Ours is an intelligent solution that builds logic to combat even the most peculiar challenges.

You Can Do It Yourself

Our solution is simple to operate and can be executed in three steps:

Upload the Customer Master and Ledger.

Download 26AS from TRACES and upload it.

Execute the reconciliation.

It’s a straightforward solution that does not require expert knowledge

Check Out Our Sample 26AS Reconciled Report

Managed Services

Although our in-built solution is easy to operate and can be smoothly executed, we understand that some constraints, may make it challenging for you. Hence, we offer managed services for 26AS reconciliation, wherein we will meticulously handle the entire process for you.

Experts Speak

Paving the Way for Digitalization

Digitalization is now a part of all activities that are manual and time-consuming. Taxation is one such area that is also seeing the rise of digitalization. This is a global revolution, and many countries have benefited from this digitalization. In India, digitalization is not an option but a necessity. In our country, only 1% of the population pays taxes. For the country to grow, at least 10% of the population must fall under the tax bracket. Data science, robotic process automation, and the application of artificial intelligence have made the digitalization of tax management a reality.

With digitalization will come speed and accuracy. There will also be transparency, which will, in turn, reduce litigations and release billions of rupees currently tied up in these disputes. The next stage of tax management can be direct reporting from the enterprise to the tax department. Thus, digitalization will bring about the much-needed transparency and accuracy in tax management.