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    Dividend TDS technology enabled solution - Case Study

    Automation of TDS compliance process on dividends (for listed companies)
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    Challenges of tax/finance function

    1. 16 lakh+ listed company shareholders (25 categories with different TDS rates). Manual data/rate validation
    1. 18,000+ foreign shareholders – manual Form 15CA process
    2. Time consuming (for already stretched tax team) and potential for inaccuracy.

    How our tech enabled managed services addressed the challenges?

    ‘As-Is’ data from Registrar and Transfer Agents (RTAs) was processed, facilitated by our inhouse dividend TDS technology.

    1. Rate determination and TDS calculation
    2. Validation of errors
    1. Preparation of statutory compliance Forms (15CAs, 26Q, 27Q, 61A)

    The end-to-end process was managed by us.

    Outcomes

    1. 16 lakh+ shareholders' data validated, rate determined and TDS calculated
    2. End to end engagement delivered in five days (including document verification and statutory form preparations)
    1. Significantly higher efficiency and accurate outcomes for the listed companies.

    Key Contacts

    Rajeev Dimri
    Rajeev Dimri

    National Head of Tax

    KPMG in India

    Ajay Mehra
    Ajay Mehra

    Non-Executive Chairman

    KPMG in India

    Gaurav Mehndiratta
    Gaurav Mehndiratta

    Partner and National Head, Corporate and International Tax

    KPMG in India

    Rahul Kashikar
    Rahul Kashikar

    Partner, Head - Tax Technology and Transformation I Partner - Corporate International Tax

    KPMG in India

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