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Tax Deducted at Source (TDS) & Tax Collected at Source (TCS) Services
At Kiritbhai Soni & Associates, we provide comprehensive TDS/TCS compliance
services to ensure that your organization remains fully compliant with Income Tax
Act provisions relating to Tax Deduction at Source (TDS) and Tax Collection at Source
(TCS). Our goal is to help clients manage statutory responsibilities efficiently, avoid
penalties, and ensure smooth interaction with tax authorities.
Our TDS/TCS Compliance Services Include:
- Advisory on TDS/TCS Compliance
- Expert advice on applicability, rates, exemptions, and compliance under various
TDS/TCS provisions for different payments, transactions, and entities.
- Obtaining Tax Deduction Account Number (TAN)
- Assistance in application and procurement of TAN from the Income Tax
Department, a prerequisite for TDS compliance.
- Periodic Review of TDS Compliance
- Conducting monthly or quarterly compliance reviews to identify and correct gaps
in TDS deductions, deposits, and reporting.
- TDS Computation
- Accurate monthly computation of TDS liability on salaries, professional fees,
contract payments, rent, interest, commission, and other specified transactions.
- TDS Reconciliation
- Monthly reconciliation of TDS payable vs. TDS deposited, ensuring timely and
accurate reporting and payment.
- TDS Payment Services
- Assistance with electronic or manual deposit of TDS within due dates, avoiding
penalties and interest.
- Issuance of TDS Certificates
- Timely issuance of Form 16 (for salaries) and Form 16A (for non-salary
payments) to deductees on a monthly or annual basis, as
applicable.
- E-TDS Return Filing
- Preparation and filing of quarterly TDS/TCS returns in electronic or manual
format, in compliance with statutory deadlines.
- Correction Statements Filing
- Filing of revised/correction returns to rectify errors in original TDS filings,
ensuring data integrity and alignment with Form 26AS.
- TDS Assessments & Representation
- End-to-end support for TDS assessments, including preparation of
required documentation and representation before tax authorities
in case of scrutiny or disputes.
Why TDS Compliance Matters
- Ensures regulatory compliance under the Income Tax Act, 1961
- Helps in timely issuance of TDS certificates to vendors/employees
- Avoids penalties, interest, and legal complications arising from delayed or
incorrect TDS compliance
- Ensures proper credit of taxes to the deductee’s account, avoiding disputes
and enhancing trust
Why Choose Us?
- Experienced team of Chartered Accountants and tax professionals
- Customized solutions for businesses of all sizes and sectors
- Timely and accurate compliance with end-to-end support
- Focus on efficiency, accuracy, and value-driven service
Stay compliant and stress-free with our expert TDS/TCS solutions tailored to your
business needs. Contact us to know more or schedule a consultation.
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