Navigate Tax Credit Solution

The perfect solution for all your reconciliation-related woes relating to Form 26AS

A PwC India Product

Navigate Tax Credit is the perfect solution for all your reconciliation-related woes relating to Form 26AS. It is equipped with features such as automated matching, a comprehensive repository, and intuitive reports, and will help you enhance your revenue and tax credit management. Clients may now retrieve reconciled information easily, reduce manual intervention for repetitive mismatches, and save considerable time and effort.

 

Background

Appropriate recognition of withholding taxes and disclosure of corresponding income has become increasingly important owing to:

01

Increasing focus on tax credit accuracy

02

Grant of tax credit exclusively on the basis of Form 26AS

03

Emphasis on income and withholding tax correlation

04

Loss of tax credits is essentially a loss of business revenues

05

Actual cash credit or refund to customers under certain business models

Challenges

visibility

Lack of visibility into or control over reporting and deposit of withholding tax by customers

event

Dynamic nature of Form 26AS –no last date for changes to withholding tax returns

description

Limited information available in Form 26AS

attach_money

A lost withholding tax credit is lost revenue for the business

receipt

A large number of transactions with varying issues in reporting by customers

Key Features

book

Automate the matching of Form 26AS with books of accounts

notifications

Internal notification system to business users

settings

Mechanism to park or reconcile across years

person

Includes an option to manually match records

schedule

Provides intuitive reports that help in taking appropriate and timely actions

Illustrative Dashboard

system-tickets



 

annual-reports



 

annual-reports



 

Key Benefits

dvr

Better revenue and tax credit management

event

Easier retrieval of reconciled information across years

info

Reduced manual intervention for repetitive mismatches

trending_up

Substantial savings in time and effort required

attach_money

More accurate claim of tax credits in tax returns

assessment

Leads to better preparedness for tax assessments

Indicative Commercial Model

Rates will be tailored as per local territory.
Implementation fee unless specified would be additional.
Any customization to the standard offering will be charged on a case by case basis.
Managed Services
Upon requestAnnual Compliance Fee
  • Pricing is subject to the number of divisions or operating units number of sales transactions

Recommended Products

Contact Us

Please enter your business e-mail address if you would like to receive more information, an offer, or a demo of this product. We will get in touch with you shortly.

check
Thank you for submitting your request. We will keep you updated.