Navigate Dividend Withholding Tax
PwC’s web-based tool that obtains data from a company and RTA and automates the TDS compliances on the dividend declaration by the company
A PwC India product
PwC’s Navigate Dividend Withholding Tax Solution is powered by a web-based tool that integrates data obtained from a company and its shareholders and automates TDS compliances for the company, declaring dividends to a large extent.
Challenges
Complex withholding tax rules that require evaluation of multiple parameters
Collation and collection of data from multiple sources, analysis, and validation of base data
Manual review of shareholder documentation, declarations, clarifications, and forms
Short timeline to complete TDS review process, strict penalties, interest, and associated remediation costs
Key Benefits
01
End-to-end/modular solution
02
Automated processing of voluminous data
03
Significantly accurate data
04
Centralised repository of data
05
Comprehensive tax rules engine
06
Tax advisory support during the project
Key Features
- Data collation and information review: The data of the shareholder is fed into the dividend tool.
- Computation of TDS amount: The dividend tool provides an output, outlining the taxes to be withheld from dividends.
- Assistance in filings and compliances: Output files for filing 15CA/CB (XML’s), 15G/H, TDS returns and SFT filing
Indian multinational conglomerate
Indian listed group into diverse businesses including port management, electric power generation and transmission, renewable energy, mining, airport operations, natural gas, food processing, and infrastructure.
Food service company
Listed Indian food service company holding a franchise for the world’s largest pizza outlet.
US-based pharma company
An American multinational medical devices and healthcare company listed in India.
Indian pharma API company
Three-decade-old API manufacturer with expertise in human API.
India’s oldest music label
An Indian music label – global owner of sound recording and publishing copyrights.
