Tax Deducted at Source (TDS) Services
Tax Deducted at Source (TDS) is a critical component of the Indian taxation system, designed to collect tax at the source of income. Businesses, employers, and organizations are required to deduct tax at prescribed rates while making payments such as salaries, contractor payments, rent, professional fees, and other specified transactions. Proper TDS compliance ensures adherence to the Income Tax Act, avoids penalties, and maintains financial transparency.
Our TDS services provide end-to-end support, from deduction and computation to deposit and filing, helping businesses comply with statutory obligations efficiently and accurately.
Our TDS Services Include:
1. TDS Computation: We calculate TDS accurately for all types of payments, including salaries, contractor payments, professional fees, rent, commission, and other specified transactions in accordance with prevailing tax laws.
2. TDS Deduction & Deposit: Our team ensures timely deduction and deposit of TDS with the Income Tax Department, helping you avoid penalties and interest for delayed or incorrect payments.
3. TDS Returns Filing: We manage the preparation and filing of all TDS returns (Form 24Q, 26Q, 27Q, and 27EQ), ensuring compliance with prescribed deadlines and statutory requirements.
4. TDS Certificates: We assist in the issuance of TDS certificates (Form 16, 16A, 16B, and 16C) to employees, contractors, and other deductees, providing proof of tax deducted and deposited.
5. TDS Compliance Review & Advisory: Our experts conduct periodic reviews of your TDS compliance, advising on any gaps, discrepancies, or areas requiring corrective action to maintain compliance.
6. Liaison with Tax Authorities: We handle communication and coordination with the Income Tax Department for TDS-related queries, notices, or assessments.
7. Advisory on TDS Provisions: We provide guidance on applicable TDS rates, exemptions, thresholds, and updates in TDS laws, ensuring your business remains compliant and informed.
By outsourcing your TDS management to professionals, you ensure accurate deductions, timely compliance, and reduced risk of penalties, allowing your business to focus on core operations with confidence.