Matter
TDS Return Filing
Deducting tax is only half of it. The return has to match the challan, the challan has to match the deduction, and the PAN has to be right — or your vendor loses the credit and comes back to you.
This engagement covers
- Rate and section review
- Challan preparation
- Quarterly returns
- Certificates issued
- Default correction
“They set up our Private Limited in under two weeks and explained every form before we signed it. The fee never moved from the first quote.”
Requisition
SH/COMPLY/TDSRET
- Governed by
- Income-tax Act, 1961 — Chapter XVII-B
- Forms
- 24Q salaries, 26Q residents, 27Q non-residents
- Cycle
- Quarterly
- Payment
- Monthly challan, by the statutory date
- Certificates
- Form 16 annually, Form 16A quarterly
Overview
Best suited to. Any business deducting tax at source on salaries, contractor payments, professional fees, rent, commission or payments to non-residents.
How we price it. One fixed professional fee, agreed in writing before any work begins, with government fees and statutory charges itemised separately and payable at actuals. If the scope changes, we tell you before doing the work.
What’s included
- 01
Rate and section review
Each payment mapped to the correct section and rate, including the higher rate where PAN is missing or the payee is a non-filer.
- 02
Challan preparation
Monthly deposit computed and the challan raised before the due date, so interest never starts running.
- 03
Quarterly returns
Forms 24Q, 26Q and 27Q prepared and filed with correct deductee detail and challan mapping.
- 04
Certificates issued
Form 16 for employees and Form 16A for vendors, downloaded from TRACES and sent out on time.
- 05
Default correction
Short deduction, short payment and PAN error defaults on TRACES identified and corrected by revised return.
Documents required
Collected once, digitally. We check the whole set before anything is filed — document problems are what turn a two-week job into a six-week one.
Every quarter
- Payment register with payee names, PANs and amounts
- Nature of each payment and the section applied
- Challan details for tax deposited
- Salary structure and declarations, for Form 24Q
One time
- TAN of the deductor
- TRACES and income tax portal credentials
- Previous quarter returns and any outstanding default notices
How it works
- Step 01
Payments reviewed
We map each payment to its section and rate before the deduction is made, not after.
- Step 02
Tax deposited
Monthly challan prepared and paid within the statutory date.
- Step 03
Return filed
Quarterly return prepared with challan and deductee mapping checked, then filed.
- Step 04
Certificates issued
Form 16 and 16A downloaded from TRACES and issued, with any default flagged and corrected.
Questions
Q1What happens if TDS is deducted but deposited late?
Interest runs from the date of deduction to the date of deposit at the prescribed rate, and the expense can be disallowed in your own assessment. Late filing of the return attracts a separate daily fee under section 234E.
Q2The payee has no PAN. What rate applies?
A higher rate applies where PAN is not furnished, under section 206AA. Higher rates can also apply for non-filers under section 206AB. We check both before the deduction is made.
Q3My vendor says the credit is not showing.
That is almost always a PAN error or a challan mismatch in the filed return. It is fixed by a correction statement, which we prepare and file.
Q4Do I need TDS on every payment?
No. Each section has its own threshold and its own category of payment. Part of our work is telling you which payments are outside the net so you are not deducting unnecessarily.
Something specific to your situation? Ask us directly — we answer within one working day.
Next step
Get a written quote for tds returns.
Tell us your situation in one message. We come back with the scope, the documents required and the total cost — before any work begins.