Navigate Withholding Tax- PwC's Withholding Tax Software Solution
Automated solution for managing withholding tax compliance
A PwC India Withholding Tax Software Solution
Navigate Withholding Tax is a web-based tool that integrates data obtained from ERP and manages WHT compliances. It integrates data from three different dimensions — TDS transactions, general ledger account mapping, and vendor and challan details. Use this tool to deliver accurate reports, balance tight control, and efficiency, be audit-ready and gain actionable insights.
Key challenges that arise while managing withholding tax software
Tracing TDS data in financial statements and preparing year end reconciliation
Tax scrutiny, consequential interest , penalty & prosecution risks & associated remediation costs
Manual interventions in end to end WHT compliances
Director responsibility and reporting obligations
Skillfully manoeuvre WHT compliance
Manage withholding tax easier and faster thereby avoiding any potential financial and reputational risks due to non-compliance.
01
Provides ready output for the monthly, quarterly and clause 34 reconciliation (of the tax audit report)
02
Traces the financial statement expense line items to its TDS data points (date of payment, reasons for non-deduction, etc.) and vice versa
03
Improves accuracy in applying tax rates and sections using artificial intelligence and machine learning
04
Helps higher management in re-evaluating their existing control mechanics by examining the applied withholding tax rates
05
Generates insightful analytical reports and dashboards to assist clients in their decision-making
