TDS (Tax Deducted at Source) is a critical part of the Indian taxation system, ensuring timely collection of taxes at the source of income.
However, TDS compliance can be complex, involving accurate deductions, timely deposits, detailed filings, and regular updates with the latest legal provision
TDS Applicability Advisory:
Guidance on where TDS applies, applicable rates, and thresholds for various transactions (salaries, contracts, rent, commission, etc.).
TDS Computation & Deduction:
Accurate calculation and timely deduction of TDS from all applicable payments.
TDS Payment Services:
Timely deposit of TDS to the government via online portals with proper challan generation.
Preparation & Filing of TDS Returns:
Quarterly filing of TDS returns in Forms 24Q, 26Q, 27Q, etc., with complete accuracy.
TDS Reconciliation with Form 26AS:
Reconciliation of TDS deductions with government records to avoid mismatches.
Form 16 / 16A Generation:
Issuing of TDS certificates (Form 16 for salaries, Form 16A for non-salaries) to deductees.
Correction of TDS Returns:
Rectifying errors in previously filed TDS returns and managing defaults, if any.
Liaison with TRACES Portal:
Handling all compliance and certificate-related tasks via the TRACES system.