TDS Return Filing Services
Managing Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) obligations accurately is crucial for businesses to stay compliant and avoid penalties. Our TDS return filing services help clients streamline the end-to-end TDS lifecycle, from timely payments to quarterly filings, reconciliation, and TDS certificate issuance. With deep expertise in income tax compliance, our team ensures error-free TDS filing, robust reconciliation with Form 26AS, and seamless issuance of Form 16 and 16A.
Additionally, we support companies in employee proof verification for TDS deductions by collecting, validating, and summarizing supporting documents for claims under Sections 80C, 80D, HRA, and other deductions. We ensure compliance with the Income Tax Act, enabling accurate deductions and employee satisfaction.
TDS / TCS Return Preparation & Filing
We offer complete assistance in preparing and filing quarterly TDS returns for salary, non-salary, and non-resident payments (Forms 24Q, 26Q, 27Q). Our experts handle:
- Preparation and filing of TDS/TCS returns on TRACES and Income Tax portal.
- Filing correction returns to rectify PAN mismatches or other errors.
- Ensuring accurate mapping of challans to deductees for smooth processing.
- Support for late fees and interest calculations, if applicable.
- Regulatory updates on return formats or statutory changes.
Monthly TDS Payment Support
We help businesses remain compliant by facilitating timely monthly TDS payments and accurate calculations:
- Monthly computation of TDS liability across payment categories.
- Generation and assistance in payment of challan ITNS 281.
- Timely reminders for TDS deposit due dates and quarterly returns.
- PAN-wise and section-wise analysis to avoid mismatches.
- Proactive monitoring of cash flows and deduction triggers.
Reconciliation with Books & Compliance Review
Ensure accurate TDS reconciliation with Form 26AS and internal books:
- Reconciliation of TDS ledgers and statutory liabilities on a monthly or quarterly basis.
- Cross-verification with TRACES and Form 26AS to prevent mismatches.
- Resolution of defaults such as short deduction or short payment notices.
- Downloading and verifying TDS certificates via TRACES.
- TDS health check reviews to ensure full compliance.
Collection and Initial Review
We assist HR and payroll teams in managing year-end investment declaration proof collection efficiently:
- Checklist creation for deductions such as 80C, 80D, HRA, LTA, housing loan interest, etc.
- Centralized collection of proofs via secure employee portals/HRMS/email.
- First-level review of submitted proofs for completeness and relevance.
- Guidelines on section-wise deduction limits and eligibility.
- Integration with year-end payroll and TDS workings.
Document Validation & Cross Verification
Accurate verification of submitted documents is key to TDS accuracy and tax compliance:
- Eligibility checks under applicable Income Tax sections.
- Cross-verification of rent receipts, LIC policies, tuition fee receipts, PF statements, and more.
- PAN and name matching with payroll database.
- Clarifications or resubmission in case of incomplete submissions.
- Rejection/acceptance flagging with detailed audit trail.
Summary, Clarifications & Finalization
We provide a final verified deduction sheet for each employee:
- Generation of employee-wise summary of verified tax-saving claims.
- Rejected/accepted claim list for HR/Payroll communication.
- Employee clarification support via email or HR channel.
- Final year-end deduction confirmation for accurate TDS working.
- Tallying year-end projections with actual salary components.