- 16 lakh+ listed company shareholders (25 categories with different TDS rates). Manual data/rate validation
- 18,000+ foreign shareholders – manual Form 15CA process
- Time consuming (for already stretched tax team) and potential for inaccuracy.
Challenges of tax/finance function
How our tech enabled managed services addressed the challenges?
‘As-Is’ data from Registrar and Transfer Agents (RTAs) was processed, facilitated by our inhouse dividend TDS technology.
- Rate determination and TDS calculation
- Validation of errors
- Preparation of statutory compliance Forms (15CAs, 26Q, 27Q, 61A).
The end-to-end process was managed by us.
Outcomes
- 16 lakh+ shareholders' data validated, rate determined and TDS calculated
- End to end engagement delivered in five days (including document verification and statutory form preparations)
- Significantly higher efficiency and accurate outcomes for the listed companies.
