Tax Withholding (TDS/TCS) Compliance
Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are critical compliance requirements under the Income Tax Act, applicable to corporates, businesses, and individuals. Proper compliance ensures timely collection and deposit of taxes, reducing the risk of penalties, interest, and scrutiny from tax authorities.
Independent TDS/TCS compliance services provide assurance that withholding obligations are being discharged correctly, with accurate filings and reconciliations, thereby minimizing risks of defaults or disputes.
About This Service
Our TDS/TCS compliance services cover end-to-end management of withholding tax obligations. We assist clients in identifying applicable transactions, calculating tax deductions/collections accurately, and ensuring timely deposit with the government.
We prepare and file quarterly TDS/TCS returns, conduct reconciliation with books and Form 26AS, and support generation of TDS certificates (Form 16/16A). Our services also include advisory on complex transactions, such as payments to contractors, professionals, non-residents, and high-value sales.
We help clients navigate frequent changes in TDS/TCS provisions, rates, and thresholds, ensuring they remain compliant with evolving laws. Our team also supports in responding to departmental queries, notices, and handling compliance reviews.
Through independent and structured compliance support, we reduce litigation risk, safeguard against penalties, and help organizations maintain a transparent and efficient withholding tax framework.
Key Features / Scope of Work
- Identification of TDS/TCS applicability across business transactions.
- Accurate computation of deductions/collections as per the Act.
- Timely deposit of TDS/TCS with the government.
- Preparation and filing of quarterly TDS/TCS returns.
- Reconciliation of returns with books and Form 26AS.
- Advisory on complex withholding tax matters, including cross-border payments.
- Issuance and verification of TDS certificates (Form 16/16A).
- Assistance in responding to tax authority notices and compliance reviews.
Explore Related Insights
Monthly regulatory newsletter covering corporate laws, taxation, and compliance updates.
A focused publication on developments in company law, SEBI regulations, and governance matters.
Periodical updates on direct and indirect taxation, including notifications, rulings, and compliance calendars.
