Services||Income Tax Compliances

TDS Compliance

Ensuring Timely Deduction, Payment & Reporting of Tax at Source

Tax Deducted at Source (TDS) is a critical compliance requirement for businesses, employers, and individuals making specified payments under the Income Tax Act. Non-compliance can lead to penalties, interest, and even disallowance of expenses. At [TAX WARRIOR], we offer end-to-end TDS compliance services to ensure that you meet your obligations accurately and on time.

Whether you’re a business, a salaried employer, a professional, or a property buyer, our team ensures you stay compliant with the latest TDS laws and avoid unnecessary hassles or legal exposure.

TDS Compliance Services Include

TDS Applicability Assessment

We review your business transactions to determine where TDS is applicable—whether it's on salaries, contractor payments, rent, professional fees, or property purchases.

Timely Deduction & Deposit

We help ensure tax is deducted at the correct rate and deposited within the due dates to avoid interest or penalties under Sections 201(1A) and 234E.

PAN Verification & Lower Deduction Certificates

We verify the validity of deductees’ PANs and assist in obtaining lower or nil deduction certificates where applicable.

Filing of TDS Returns (Form 24Q, 26Q, 27Q, 27EQ)

We prepare and file accurate quarterly TDS returns with all required details and validate Form 16/16A generation.

TDS Certificate Generation & Issuance

We assist in generating and issuing Form 16 (for salaried employees) and Form 16A (for other deductees) on time.

TDS Compliance Health Check

Comprehensive review of your past TDS records, identifying any gaps, mismatches with Form 26AS, or notices from the Income Tax Department.

Response to TDS Notices & Defaults

In case of short deduction, late payment, or filing defaults, we assist in preparing and responding to any queries or notices from the authorities.

Frequently Asked Questions (FAQs)

1. Who is required to deduct TDS?

Any person (individual, firm, company, etc.) making payments like salary, rent, professional fees, contractor payments, or property purchases above specified thresholds must deduct TDS.

2. What are the due dates for depositing TDS?

TDS must generally be deposited by the 7th of the following month. For March, the due date is 30th April. Quarterly TDS returns also have specified deadlines.

3. What happens if TDS is not deducted or deposited on time?

Non-compliance leads to interest, late filing fees, and penalties under Sections 201, 234E, and 271H. It can also lead to disallowance of expenses under Section 40(a)(ia).

4. How can I issue Form 16 or 16A to employees and vendors?

After filing quarterly TDS returns, Form 16 (for salary) and Form 16A (for non-salary deductions) are generated through TRACES. We can assist you in generating and distributing these forms.

5. Can TDS deducted be adjusted against the final tax liability?

Yes. TDS acts as a credit and is adjusted against the final tax payable at the time of filing the Income Tax Return by the deductee.

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