34A Reconciler - Fully Digitalized TDS Reconciler for Clause 34(a) Compliance

Major businesses with multiple branches, coupled with a high volume of transactions, often struggle with reconciling expense line items as per their books with e-TDS returns. This process not only consumes a significant amount of time and resources but also does not always guarantee accurate compliance, inviting notices from the Income Tax Department even after extensive efforts.
The FASTFACTS’ 34A Reconciler is an essential tool for businesses, ensuring accurate reporting under Clause 34(a) of the Income Tax Audit Report. It serves as both a compliance checker and a robust reconciliation tool, utilizing cutting-edge technology to precisely match expenses as per books with e-TDS and generate ready-to-use reports for tax audit purposes.

Accurate Reporting for Clause 34(a) of Form 3CD

Precision in Tax Audit Reports | Meet Regulatory Requirements | Minimize Compliance Risks

The 34A Reconciler is specifically designed to address the critical need for accurate reporting under Clause 34(a) of the Income Tax Audit Report. By digitalizing the reconciliation process, it ensures that all figures are precisely reported, reducing the risk of non-compliance and potential legal repercussions. The tool generates a downloadable report pre-formatted as required under Clause 34(a) of Form 3CD, making regulatory submissions effortless and accurate.

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Proactive Compliance Checking

Identify Gaps Early | Stay Audit-Ready | Continuous Compliance

The 34A Reconciler serves as a proactive compliance checker, allowing businesses to identify and address any gaps well before the main reporting under Form 3CD. This ongoing assessment ensures that you are always prepared for audits and maintains a high standard of compliance throughout the year. The instantly available, pre-formatted reports enable quick checks and timely corrections.

Advanced Algorithmic Matching

Automate Reconciliation | Reduce Manual Labour | Cost-Effective Solution

The 34A Reconciler employs sophisticated algorithms to automatically match expense line items from your books with those in e-TDS returns. This advanced feature significantly reduces manual labour, saves time, and cuts costs associated with the reconciliation process. The result is a comprehensive, ready-to-use report that requires no additional formatting or preparation.

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Optimized Workflow and Error Reduction

Enhance Efficiency | Minimize Mistakes | Boost Accuracy

By digitalizing the reconciliation process, The 34A Reconciler optimizes your workflow, reducing the likelihood of human errors. This not only enhances overall efficiency but also ensures a higher degree of accuracy in your income tax reporting and compliance efforts. The readily downloadable, pre-filled, and pre-formatted reports further eliminate errors that could occur during manual report preparation, ensuring consistency and reliability in your submissions.

Comprehensive Digital Solution for Tax Audit Compliance

The 34A Reconciler offers a complete digital solution for Clause 34(a) compliance. It matches ERP expense line items with TDS returns, identifies discrepancies, and generates ready-to-use, pre-formatted reports for your Tax Audit Form 3CD. By ensuring compliance with Sections 40(a)(i) and 40(a)(ia) of the Income Tax Act, 1961, it helps you avoid penalties and interest charges while saving valuable time and resources. With its instant, downloadable reports, you are always prepared for audits and regulatory submissions.

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Digitalized Reconciliation

Our advanced digital reconciler uses sophisticated algorithms to match ERP expense line items with TDS returns, ensuring every transaction is accurately accounted for.

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Compliance with Income Tax Audit

Ensure full compliance with income tax audit requirements using our solution, which prepares ready-to-download reports for Clause 34(a) of Tax Audit Form 3CD.

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Accurate Calculations

Precisely determine your tax liability by identifying non-deduction and and incorrect deductions under Sections 40(a)(i) and 40(a)(ia) of the Income Tax Act, 1961.

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Save costs and time

Reduce the risk of interest and penalties, and save valuable time with our efficient, digitalized reconciliation process.

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.

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Client Testimonials

We have been using this software for the last few months and pleasure to inform you that it is working fine and your support team is of great help for any query and clarifications. Overall, the performance of the software is really good, including your support team.

Fujitec India Private Limited

Client Testimonials

It must be put on record that FASTFACTS software has really helped us to manage/structure the tracking and accounting of TDS which is very crucial for our company.

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