Tax Deducted at Source (TDS)

Our TDS Services Include:

1. TDS Computation & Deduction

• Calculation of TDS on various payments (salary, professional fees, rent, interest, etc.)

• Ensuring accurate TDS deduction rates as per the Income Tax Act

• Deduction of TDS at the right time to avoid penalties

2. TDS Return Filing

• Preparation and timely filing of TDS returns (Form 24Q, 26Q, 27Q, and 27EQ)

• Reconciliation of TDS data with books of accounts

• Filing of quarterly and annual returns with the Income Tax Department

3. TDS Certificates (Form 16 & Form 16A)

• Issuance of TDS certificates to employees, contractors, and vendors

• Accurate generation of Form 16 (for salaried individuals) and Form 16A (for non-salaried payments)

• Ensuring proper format and compliance with the Income Tax Act

4. TDS Assessment & Advisory

• Advisory on TDS implications for various types of payments and transactions

• Ensuring proper deductions and timely deposits to avoid interest or penalty

• Assisting with TDS planning to optimize cash flows for businesses

5. TDS Dispute Resolution

• Assistance in resolving TDS-related queries and disputes with the Income Tax Department

• Handling notices related to TDS short deductions, late filing, and non-compliance

• Representation before tax authorities for appeal and dispute settlement

6. TDS Audits

• Comprehensive review and audit of TDS compliance practices

• Identifying potential errors, discrepancies, and non-compliance issues

• Recommendations for improved TDS management and compliance

7. TDS on Payments to Non-Residents

• Ensuring correct TDS deductions on payments to non-residents as per the Income Tax Act

• Advising on DTAA benefits and appropriate TDS rates for foreign transactions

• Filing of Form 15CA/15CB for remittances to non-residents

8. TDS Refund Claims

• Assistance in claiming refunds for excess TDS deductions

• Reconciliation of TDS and income tax paid for refund processing

• Ensuring proper documentation and follow-up with tax authorities