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Overview

Fincelo reconciles TDS deducted by your customers against your 26AS statement. Mismatches are flagged automatically with a CA-ready report for each quarter.

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TDS Under Section 194J

For SaaS companies, TDS is typically deducted under:
  • Section 194JA — 2% for technical services (most SaaS)
  • Section 194JB — 10% for professional services / royalties
Fincelo detects the correct section from your contracts and flags any customer deducting at the wrong rate.

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How Reconciliation Works

  1. Customer deducts TDS when paying your invoice (e.g. 2% on ₹1,00,000 = ₹2,000 TDS, ₹98,000 cash)
  2. Customer deposits TDS with the government and files TDS return
  3. TDS appears in your 26AS (quarterly, after customer files)
  4. Fincelo matches each 26AS entry against your invoices
  5. Mismatches flagged — wrong rate, wrong PAN, missing entries

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26AS Import

  1. Download your 26AS from incometax.gov.in → e-Filing → View Form 26AS
  2. Export as XML or JSON
  3. Fincelo → Compliance → TDS Reconciliation → Import 26AS
  4. Fincelo parses and matches automatically

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Reconciliation Report

The report shows per customer:
  • Invoices raised
  • TDS expected (at correct rate)
  • TDS appearing in 26AS
  • Variance
  • Action required
Reports → TDS Reconciliation — available in CA-ready PDF or Excel format.

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Common Issues