Technology

Clear brings solutions to pre-validate data before tax returns are filed- QHN

3 min read966 Comments on Clear brings solutions to pre-validate data before tax returns are filed- QHN


With enterprises struggling to file their direct tax returns, particularly tax deducted at source, Clear (formerly ClearTax) has come out with online cloud based SaaS solutions that can pre-validate data, file returns and generate TDS certificates online.

Clear TDS is the only SaaS platform that can handle enterprise level scale reliably. It can generate three million FVU files in 30 minutes. It has also automated bulk PAN verification, aadhaar linking verification, Lower Deduction Certificate (LDC) consumption sync, challan consumption sync, and challan verifications.

Enterprises are increasingly finding it cumbersome to comply with direct tax procedures introduced in recent years. For instance in a survey, done by Clear, a large manufacturer of luxury vehicles received demands worth Rs five crore over three years due to incorrect deductions.

Similarly a large B2B commerce company had Rs two crore unutilised in challans for a financial year which means loss of working capital, the survey found.

The problems particularly related to tax deducted at source (TDS).

Archit Gupta, founder and CEO, Clear, said the government is using TDS increasingly as a mechanism to ensure the people file their tax returns on time. It is monitoring those receiving payments, but not paying taxes and has come out with a bunch of mechanisms to address this issue. The burden of TDS compliance has become more complex and it is no longer possible for enterprises to work with solutions that are not tech-oriented, he said.

Some provisions on TDS were added in the past. For instance, section 206 AA says that if anybody fails to furnish his PAN to the person making payment to him, he will suffer a higher TDS.

Section 206 AB says the payer has to deduct TDS at higher rates than usual when making payments to those who have not filed their income tax return in the last year.

“And it is not that you can take declaration from them but you have to have the capability to self check whether they have complied. Now you may have a number of vendors and transporters. You have to make sure that they have filed their income tax returns. It was made effective from 2021-22,” Gupta said.

Similarly, there is the section 194 Q which asks purchasers to deduct TDS from sellers whose turnover was more than Rs 10 crore in the previous year on the purchase of goods above Rs 50 lakh in the current financial year.

Then there is section 194R which asks the resident Indian to deduct 10 per cent tax at source on the value of any benefit or perquisite received.

Even enterprises have the form 26AS. So enterprises reconcile their TDS with their form 26AS.

This is a humongous exercise, Gupta said, adding that Clear’s new product will help enterprises address these difficulties.

Note:- (Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor. The content is auto-generated from a syndicated feed.))

Tagged In

Related Posts

966 Comments

  7. Donpumsays:

    Приветствую. Подскажите, где почитать полезные блоги о недвижимости? Пока нашел [url=http://alt1.toolbarqueries.google.bf/url?q=https://sdamnadolgo.ru]вот[/url]

  51. Axxzflimbsays:

    This form of testing is used for cases of skin allergies.
    Buying online so that you know what the lowest price of prednisone pill at low prices, you’ll need to compare offers
    If you develop flu symptoms you should follow basic hygiene practices to avoid spreading the disease to other people, including: washing your hands regularly and thoroughly or use an alcohol-based hand rub avoiding touching your eyes, nose, and mouth not sharing eating or drinking utensils staying away from work or school for as long as you have symptoms.

  54. AujikAgorpsays:

    Modern variations on the older approach to internal cleansing are drinkable cleansing formulas, said to detoxify and rejuvenate the body.
    Big discounts offered on glucophage pills that you probably didn’t know.
    Crohn, who first described the disease in 1932 along with colleagues Dr.

  58. AoolAgorpsays:

    Reply Link F April 19, 2012, 1:58 amso, me and my husband have unprotected sex..
    less that people prefer to shop online.Shop for great deals and will ampicillin cure uti through the internet with a prescription.
    Patients who take part in a clinical trial may receive the standard treatment or be among the first to receive a new treatment.

  106. WnwfUnlomsays:

    This system does not take into account specific lipoprotein abnormalities eg, low HDL or high LDL that may contribute to disease despite normal cholesterol and TG levels.
    A reliable site allows you to speak to a pharmacist when buying lisinopril doses from India at a discount.
    Mental symptoms of Wilson’s diseaseWilson’s Disease affects approximately 1 in 30,000 people worldwide, making it a rare disorder.

  109. Anedflimbsays:

    Lists Search Patient Resources Acute Blood ClotsA deep blood clot in your leg or pelvis may be dangerous.
    Can I take doxycycline hyclate to fill your pet medications.
    Either Adoption or Abortion is one of the hardest decisions a woman will have to make and NOT taken lightley!

  114. AgnvAgorpsays:

    Ependymoma grade I or II : A grade I or II ependymoma grows slowly and has cells that look something like normal cells.
    Shop around from home for all the reduced price valtrex 1 gram Read treatments of ED!
    Follow John Jalsevac on Facebook View CommentsClick to view or comment.

  117. WnenUnlomsays:

    And that was difficult, and I found that no-one understood that at all because – I don’t know whether it was, it was because I was slightly stressed about the situation, maybe, and that the best way I dealt with it was by sleeping through everything – but I really, I was just exhausted all the time.
    Is there a way to compare nolvadex dosage pct on the grounds that it is economical and powerful
    During the bedroom exposure assessment, the electric field probe was held for approximately 5 min about 1 m from the walls and 1.

  119. AgfnvAgorpsays:

    A steady, consistent level of daily exercise is prescribed, and participation in a supervised exercise program is recommended.
    coverage you have now.Lock in the best deal on keflex for bacterial vaginosis and various payment options when you buy online.
    Warning Signs of SuicideIdeation thinking about suicide Substance use or abuse increased or change in substance Purposelessness no sense of purpose or belonging AngerTrapped feeling like there is no way out Hopelessness there is nothing to live for, no hope or optimism Withdrawal from family, friends, work, school, activities, hobbies Anxiety restlessness, irritability Recklessness high risk-taking behavior Mood disturbance dramatic change in mood Talking about suicide.

  134. WtmgUnlomsays:

    Ipser JC, Stein DJ, Hawkridge S, Hoppe L.
    High quality service and low prices for half life of sildenafil without a prescription?
    For example, benign, slow growing tumors that are small and have few symptoms may be observed with routine MRI scans every year until their growth or symptoms necessitate surgery.

  149. WcrfUnlomsays:

    Abortion and Contraception Post abortion care and contraceptionYou can use condoms and other birth control methods right away.
    There are many types of pills to choose from if you п»їlexapro is by using online pharmacies
    Non-cancerous causes of bleeding: fibroid tumors, hormones such as oral contraceptives, adenomyosis, polyps, inflammation on the cervix, thyroid problems, bleeding disorders, and many others.

  150. Antnflimbsays:

    Cancer has spread to the lower third of the vagina but not to the pelvic wall.
    Embarrass no more. View this page will lasix lower bnp levels pills when you buy here
    On friday I started bleeding from my vagina I dont know if it was my period because my period are very irregular all the time so I had no idea when the next one is due The blood seemed to be more brown at first but later on it turned normal, dark red.

  157. WnngUnlomsays:

    Before choosing a hospital, you might want to know how it compares to others.
    Want to rock your sexual problems? Click here bactrim ds 800 160 tablets at cheap prices
    Anemia in Men Anemia During Pregnancy Iron Rich Foods for Anemia Anemia is caused by the lack of iron or red blood cells in the body.

  185. Arrgflimbsays:

    Antibiotics are not helpful for the flu and your doctor won’t prescribe them unless your child also has a bacterial infection.
    you healthy Exceptional offers from online pharmacies help you ivermectin 250ml from legitimate online pharmacies in order to get the best
    Influenza flu is a common, highly contagious virus that affects your respiratory system.

  186. Arnnflimbsays:

    Resources In This Article Table 1 Drugs Mentioned In This Article Generic Name Symptoms During Pregnancy Introduction to Symptoms During Pregnancy Nausea and Vomiting During Early Pregnancy Pelvic Pain During Early Pregnancy NOTE: This is the Consumer Version.
    Strengthen your affectivity at buy ivermectin uk too?
    The results reveal that how information is presented online will make a substantive difference in people’s perceived risk of having a disease.

  189. BrianClithsays:

    Bienvenue sur notre blog, votre destination ultime pour les informations sur les stars africaines du monde des medias et des emissions de realites televisees https://mediaeventhub.africa/k-brule-le-musicien-qui-sest-fait-connaitre-dans.html ! Des mouvements recents dans l’industrie du loisir africain aux bruits les plus interessants sur les stars, nous vous transmettons les infos de toutes les nouvelles fascinantes a travers le territoire. Par exemple, des cooperations artistiques revolutionnaires, de instants intenses dans les emissions de tele-realite, ou de trajets individuels stimulants de vos stars preferees, nous analysons tout. La scene du loisir en Afrique regorge de talents, et notre blog est la pour vous amener plus pres des figures qui faconnent l’industrie.

    Les emissions de tele-realite africaines ont envahi le monde, mettant en avant la diversite culturelle, la innovation et l’authenticite uniques du territoire. Des emissions comme « Grand Frere Naija », « Les Vraies Femmes de Lagos » et « Tentations Afrique du Sud » suscitent l’interet de des foules massives, provoquant des discussions et federant des fans bien a l’exterieur de l’Afrique. Nous nous immergeons dans les situations complexes, les connexions et les periodes incontournables qui font de ces spectacles des incontournables a la tele. Notre blog ne se contente pas de commenter stars, mais explore l’impact culturel de ces projets, mettant en avant le rayonnement de la pop culture africaine a l’echelle mondiale.

    Notre blog met egalement en lumiere les personnes du monde mediatique et les etoiles montantes qui gagnent en notoriete en Afrique. Des comediens brillants aux animateurs populaires, en considerant aussi les createurs de contenu sur les plateformes sociales, nous applaudissons les realisations de ceux qui transforment le show business sur le sol africain. Cela comprend des performances primees dans les films de Nollywood, des apparitions marquantes dans des productions internationales ou des prises de position fortes dans des courts-metrages musicaux, nous vous fournissons des confidences speciales et des recits derriere la notoriete. Vous trouverez des portraits de personnes marquantes comme Burna Boy, qui ont non seulement seduit les foules africaines, mais aussi gagne une notoriete internationale.

    Restez connectes avec nous pour les nouvelles fraiches et scoops exclusifs sur vos personnalites preferees d’Afrique. Notre blog est un hub pour les amoureux du showbiz qui cherchent a ne rien manquer avec les affaires de stars, les nouvelles emissions et les tendances culturelles qui faconnent l’industrie. Si vous etes un fervent adepte de la pop culture africaine ou simplement curieux des nouvelles du spectacle, notre blog vous assure de vous mettre a jour, rendre joyeux et stimule par le milieu en ebullition des mediums et programmes de tele-realite en Afrique.

  202. AengAgorpsays:

    Your health care provider may suggest treatments such as:Over-the-counter products that increase acid in the urine, such as ascorbic acid or cranberry juice, may be recommended.
    care to be safeGreat price reductions are possible when you thriftway pharmacy store locator at a regular pharmacy. Why buy it online?
    Strong recommendation, moderate level of evidence Refractory patients with objective evidence of ongoing reflux as the cause of symptoms should be considered for additional antireflux therapies that may include surgery or TLESR inhibitors.

  218. Azzwflimbsays:

    Retrieved 22 April 2014.
    Bookmark this portal for buying tadalafil 10mg daily at the lowest prices anywhere on the net offered on this site
    Home Research Articles Podcasts Forum Find a Doctor About Dr Lynch Contact Dr Lynch Resources DBL NETWORK Dr Ben Lynch MTHFR MTHFR.

  227. AvtyAgorpsays:

    Even healthy people can get sick enough to miss work or school for a significant amount of time or even be hospitalized.
    Talk to a licensed pharmacist when you purchase levitra purchase online prices. Great savings on all drugs!
    Together with the surgeon or medical doctor, the Neuro-ICU attending physician and team members direct your family member’s care while in the ICU.

  256. Arnfflimbsays:

    In an attempt to distinguish between low-grade chondrosarcoma and enchondroma the authors identified four most important histologic parameters, as following: host bone entrapment, high cellularity, marked nuclear pleomorphism, and irregular distribution of cells.
    People with low incomes are likely to sildenafil or tadalafil pills from several suppliers compared to find the best deal
    Contents of this article: What is psychosis?

  257. Arnvflimbsays:

    The problem is if you don’t get the indicative rash after a tick bite, you must to wait until several symptoms manifest.
    Some fake websites claim to sell tadalafil alcohol at rock bottom prices
    Due to increased blood flow in your body and the weight gain, you may notice spider veins appearing on your legs.

  270. GeraldDyclesays:

    In our publication, we bring you the freshest updates and thrilling news about the most popular UK figures from the worlds of entertainment, reality TV, and showbiz. Whether you’re a fan of hit reality shows like Love Island, The Only Way Is Essex, or Made in Chelsea, or you’re interested to keep up with the lives of the UK’s top social media influencers, our publication covers it all. From juicy behind-the-scenes drama to exclusive discussions, we keep you in the loop with everything happening in the world of your favorite celebrities – http://yamuhajirin.org/index.php?option=com_kunena&view=topic&catid=2&id=200478&Itemid=2552 .

    UK reality TV personalities have gained huge popularity over the years, evolving from everyday participants into household names with massive audiences. Our website delves into their personal and professional lives, offering looks into their latest projects, friendships, and issues. Whether it’s a new romance brewing on Love Island or a cast member from Geordie Shore unveiling a new business, you’ll find detailed stories that highlight the glamorous yet sometimes chaotic lives of these stars.

  573. Charlesequipsays:

    Ленинградская область известна сложной геологической составом, что делает процедуру сверления скважин на воду специфическим в каждом районе. Местность обладает вариативность грунтов и водных слоев, которые нуждаются в специализированный выбор при нахождении точки и глубины бурения. Подземная вода может залегать как на низкой высоте, так и погружаться на нескольких сотен, что создает трудность работ.

    Важнейшим аспектом, влияющих на тип источника (https://mon24.su/jeffektivnye-sposoby-izvlechenija-nasosa-iz-skvazhiny-poshagovoe-rukovodstvo/ ), служит геология и местоположение водного горизонта. В Ленинградской области чаще всего создают глубинные источники, которые обеспечивают доступ к качественной и надежной воде из подземных горизонтов. Такие скважины отличаются надежным сроком использования и отличным качеством водоносных ресурсов, однако их постройка нуждается значительных затрат и специального инструментария.

    Процесс сверления в регионе включает использование высокотехнологичных устройств и инструментов, которые могут оперировать с твердыми породами и избегать возможные обвалы опор скважины. Следует отметить, что необходимо учитывать санитарные требования и правила, так как вблизи отдельных населённых поселений расположены охраняемые заповедные зоны и природоохранные территории, что заставляет особый внимательный подход к буровым работам.

    Источник воды из глубоких скважин в Ленинградской области известна чистотой, так как она укрыта от внешних воздействий и обогащена сбалансированный состав составных элементов. Это делает такие водные источники необходимыми для коттеджей и компаний, которые прибегают к безопасность и стабильное качество водного ресурса.

Leave a Reply

Your email address will not be published. Required fields are marked *