TDS (Tax Deducted at Source) Services
Tax Deducted at Source (TDS) is an essential component of the Indian taxation system designed to ensure timely collection of taxes at the source of income. For businesses, startups, and professionals, TDS compliance is not just a legal requirement but also a critical responsibility to avoid penalties and maintain smooth financial operations.
What is TDS?
TDS is a system under the Income Tax Act where tax is deducted by the payer at the time of making certain payments like salary, rent, professional fees, commission, interest, or contract payments. The deducted amount is then deposited with the government on behalf of the payee.
This ensures regular inflow of revenue for the government and simplifies tax collection for taxpayers.
TDS Due Dates You Must Remember
Deposit of TDS: 7th of the next month (30th April for March).
Quarterly TDS Returns:
- Q1 (Apr–Jun): 31st July
- Q2 (Jul–Sep): 31st October
- Q3 (Oct–Dec): 31st January
- Q4 (Jan–Mar): 31st May
Our TDS Services
We provide complete support for businesses, individuals, and organizations in managing TDS compliance:
TDS Registration & Advisory
- Assistance with obtaining TAN (Tax Deduction and Collection Account Number).
- Advisory on applicability of TDS for different payments.
- Guidance on latest TDS rates and exemptions.
TDS Deduction & Payment
- Accurate calculation of TDS on salaries, contractors, rent, professional fees, etc.
- Timely deposit of TDS with the government through Challan 281.
- Avoidance of interest & penalty by ensuring due-date compliance.
TDS Return Filing
- Preparation and filing of quarterly TDS returns (Form 24Q, 26Q, 27Q, 27EQ).
- Correction of errors through revised returns.
- Assistance in generation and verification of Form 16 & 16A for employees and vendors.
TDS Compliance & Representation
- Handling of TDS defaults, mismatches, and notices.
- Representation before the Income Tax Department in case of disputes.
- Assistance with TRACES portal-related issues.