Every vendor payment triggers a section, a rate, a due date and a certificate - and every customer deduction on your revenue must land in your 26AS. Finnoto computes TDS at invoice level, reconciles both directions quarterly, and runs the vendor & customer communication itself.
Illustrative product behaviour - values shown are examples.
TDS goes wrong quietly: a wrong section here, an undeposited challan there, a customer who deducted but never filed - and the gap only surfaces at ITR time, as blocked refunds or notices.
194C vs 194J vs 194Q vs 194-I - each with its own rate, threshold and due date. Wrong section or missed deduction means disallowance under 40(a)(ia) and interest on late deposit.
Customers deduct TDS from your collections - but if they don't deposit and file, the credit never reaches your 26AS/AIS. Unreconciled, that's income tax you effectively pay twice.
Vendors chase you for Form 16A; you chase customers for missing credits. Done over email and Excel, the loop stays open for quarters - and audit season becomes archaeology.
Yes - both directions. Deduct-side: your deductions vs challans vs 26Q filings, with Form 16A distribution. Receive-side: customer deductions on your revenue vs 26AS/AIS credits, with automated customer follow-ups for missing or short credits.
Yes. Certificates are generated each quarter and emailed to every vendor on record, with bounce handling and a distribution log - so vendor finance teams stop emailing you for them.
The gap stays as an aged open item with the full invoice-wise annexure, the customer keeps getting escalating reminders, and your team sees exactly how much credit is at risk before advance-tax and ITR deadlines.
Quarterly recon, automated certificates, and a follow-up engine that doesn't forget.
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