TDS and TCS Return Filing
Compliance support for timely deduction, deposit, and filing of TDS and TCS returns under the Income Tax Act.
D K T S & Co
We believe in going beyond the fundamentals to provide comprehensive, strategic solutions for your business needs. Our approach involves fostering strong relationships, staying informed about the latest developments, and ensuring that all regulatory requirements are met. Whether you're starting a new venture or managing an established business, we focus on guiding you through complex challenges with a commitment to accuracy, compliance, and long-term success.
Services Details
Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are mechanisms under the Income Tax Act, 1961 to ensure advance collection of taxes at the time of income generation. Businesses and individuals responsible for making specified payments must deduct or collect tax at source and deposit it with the government within prescribed timelines.
Our firm offers support in ensuring proper TDS/TCS deduction, timely payment, and accurate filing of quarterly returns, as mandated under law. The services include:
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Advisory on applicability of TDS and TCS provisions across various sections (e.g., 192, 194C, 194J, 206C, etc.)
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Assistance in obtaining and managing TAN (Tax Deduction and Collection Account Number)
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Computation of TDS/TCS liability on salaries, professional fees, contracts, interest, rent, commissions, purchase of goods, and other specified payments
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Preparation and e-filing of quarterly TDS returns (Form 24Q, 26Q, 27Q, and 27EQ)
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Validation and correction of PAN details of deductees and collectees
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Generation of TDS certificates (Form 16, Form 16A) and download from TRACES
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Reconciliation with Form 26AS and GSTR filings where applicable
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Filing of correction statements for rectification of errors in earlier returns
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Representation for TDS-related notices or defaults including short deduction, late filing, or interest demand
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Support with lower/nil TDS certificate applications (Form 13) where applicable
All filings and compliances are carried out in accordance with the deadlines and formats prescribed by the Income Tax Department and NSDL e-Gov.
Working with D K T S & Co
- Commitment to Excellence: We prioritize delivering solutions that maintain the highest standards of quality and precision.
- Transparency and Integrity: Building trust and maintaining clear, open communication is at the core of our approach.
- Cost Efficiency: Our solutions help reduce operational costs by optimizing resources and minimizing inefficiencies.
- Streamlined Business Operations: By handling key aspects of your business needs, we allow you to focus on your core competencies and growth.
- Compliance Assurance: We ensure your organization remains up-to-date with all regulatory requirements, mitigating risk and ensuring smooth operations.