Zoho Books has introduced the TDS 26AS Reconciliation extension to automate the reconciliation process between 26AS/Form 168 and company books, aiming to streamline income tax return (ITR) filing and free up funds stuck due to mismatches. The tool targets businesses facing challenges with manual reconciliation, which can consume over 40 hours quarterly and impact working capital, according to zoho.com.
The extension automates key reconciliation tasks by comparing PAN, amount, and date-level data, enabling manual pairing for complex cases, and sending bulk email notifications to deductors for discrepancies. It also auto-downloads 26AS data and integrates seamlessly with Zoho Books, supporting reconciliation across past years and quarters. This reduces the need for manual verification of deductor PAN/TAN details and follow-ups, simplifying the tax deduction verification process.
This automation addresses a critical pain point for companies that often encounter mismatches leading to short or excess tax deductions, which either increase tax liabilities or withhold refunds. By minimizing manual effort and errors, the extension helps businesses maintain accurate tax records and improve cash flow. The solution is particularly relevant as companies scale and face growing complexity in TDS reconciliation, a process traditionally prone to delays and inaccuracies.
The TDS 26AS Reconciliation extension is now available on the Zoho Marketplace, offering businesses a tool to save significant time and reduce tax-related financial risks. Zoho highlights that automating this process can save over 40 hours per quarter, underscoring the extension’s potential impact on operational efficiency.