Ensuring compliance with Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) regulations is crucial for businesses to avoid penalties, legal complications, and financial risks. Proper TDS & TCS management helps maintain regulatory adherence and smooth tax operations.
At Vidhu Duggal & Company, we provide comprehensive TDS & TCS compliance services, including accurate tax deduction and collection, timely filings, reconciliation, compliance reviews, and regulatory reporting. Our expert assistance ensures that your business remains fully compliant with Indian tax laws, reducing risks and enhancing financial efficiency.
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Assistance in obtaining TAN (Tax Deduction & Collection Account Number).
Registration and compliance setup for businesses under TDS and TCS provisions.
Guidance on applicable TDS rates, exemptions, and deductions.
Ensuring proper deduction and deposit of TDS within due dates.
Advisory on TCS applicability and rates for various transactions.
Ensuring correct collection and deposit of TCS as per statutory guidelines.
Filing of quarterly TDS & TCS returns (Form 24Q, 26Q, 27Q, and 27EQ).
Ensuring error-free returns to avoid penalties and compliance issues.
Computation and deduction of TDS on employee salaries as per tax slabs.
Compliance with Section 192 for payroll deductions and employee tax planning.
Advisory and compliance for TDS under Sections 194C, 194J, and 194I.
Ensuring proper deductions and filing for vendor payments.
Assistance in claiming excess TDS refunds for businesses and individuals.
Rectification of errors and re-filing of corrected returns.
Representation before tax authorities for TDS audits and assessments.
Assistance in responding to notices, penalties, and compliance queries.
Expert Advisory: Experienced professionals providing guidance on tax deductions and collections.
Timely & Accurate Filings: Avoid penalties with on-time, error-free compliance.
End-to-End Compliance Support: From registration to audits, we handle all aspects.
Customized Solutions: Tailored strategies for businesses of all sizes.
Secure & Confidential: Highest standards of data security and confidentiality.
Any entity making specified payments exceeding threshold limits must deduct TDS and deposit it with the government.
TDS & TCS returns must be filed quarterly, with deadlines varying by return type and tax period.
Non-compliance results in interest, penalties, and potential legal consequences under the Income Tax Act.
Yes, excess TDS can be claimed as a refund while filing your income tax return (ITR).
Simply reach out to us, and our team will guide you through the entire process.