TDS Compliance

TDS (Tax Deducted at Source) Compliance refers to the process of deducting tax at prescribed rates, depositing the deducted amount with the government, filing TDS returns, and issuing TDS certificates as required under the Income Tax Act.

Businesses, companies, professionals, and other specified persons making certain payments such as salary, professional fees, rent, contractor payments, commission, interest, and other specified payments are required to comply with TDS provisions.

Our TDS Compliance Services help ensure accurate deduction, timely filing, and complete compliance with TDS regulations.

Our TDS Services Include
• TDS Deduction & Compliance
• Determination of TDS applicability
• TDS rate verification and advisory
• Monthly TDS payment compliance
• Challan generation and payment assistance
• PAN verification of deductees
• TDS reconciliation and review
• TDS Return Filing
• Quarterly TDS Return Filing
• Form 24Q, 26Q, 27Q & 27EQ Filing
• Correction and Revised TDS Returns
• Generation of TDS Compliance Reports
• Filing of Nil TDS Returns (where applicable)
• TDS Certificates & Reporting
• Generation of Form 16 and Form 16A
• Issuance of TDS Certificates
• Form 27D Compliance
• TRACES Registration and Management
• Download and Reconciliation of Form 26AS
• TDS Advisory Services
• TDS applicability on various transactions
• Salary and Non-Salary TDS Advisory
• TDS on Professional Fees, Rent, Commission, Interest, and Contracts
• Lower/Nil Deduction Certificate Assistance
• Cross-border Payment TDS Advisory
• Compliance Health Check
• TDS Notices & Assessments
• Reply to TDS Notices
• Default and Demand Resolution
• Assistance in TDS Assessments
• Representation before Income Tax Authorities
• Rectification and Correction Support

Why is TDS Compliance Important?
• Compliance with Income Tax Laws
• Avoidance of Interest & Penalties
• Smooth Tax Assessments
• Proper Tax Credit to Deductees
• Maintaining Accurate Financial Records
• Reducing Risk of Tax Notices
• Ensuring Legal & Regulatory Compliance

FAQs

Q1. What is TDS?
A1. TDS (Tax Deducted at Source) is a mechanism where tax is deducted by the payer at the time of making specified payments and deposited with the government on behalf of the recipient.

Q2. Who is required to deduct TDS?
A2. Businesses, companies, LLPs, firms, and specified individuals or entities making certain payments such as salary, professional fees, rent, commission, interest, and contractual payments may be required to deduct TDS.

Q3. What are the due dates for TDS return filing?
A3. TDS returns are generally filed on a quarterly basis as prescribed under the Income Tax Act.

Q4. What happens if TDS is not deducted or deposited?
A4. Failure to deduct or deposit TDS may result in interest, penalties, late filing fees, and other legal consequences.

Q5. Can a TDS return be revised?
A5. Yes, TDS returns can be corrected or revised to rectify errors or omissions.

Q6. Do you assist with TDS notices and defaults?
A6. Yes. We provide comprehensive support for TDS notices, demand resolution, assessments, and compliance rectifications.