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TDS Compliance & ROC Filing

  1. TDS Registration and Setup

  2. PAN and TAN Registration:
    • Application for PAN and TAN for individuals, companies, and other entities

    • Updates for changes in PAN/TAN details

    Setting up TDS Accounts:
    • Setting up TDS accounts for proper deduction, deposit, and filing

  3. TDS Deduction & Compliance

  4. Calculation of TDS:
    • Calculating TDS on salary, rent, interest, contract payments, professional fees, and more

    • Ensuring correct TDS rates as per applicable sections (e.g., Section 194J for professional fees, Section 194C for contract payments)

    TDS Deduction from Employees and Vendors:
    • Deduction of TDS on salary, payments to contractors, rent, interest, commission, etc.

    TDS Exemption & Threshold:
    • Advisory on applicable exemptions, thresholds, and non-deductible transactions

  1. TDS Return Filing

  2. Preparation of TDS Returns:
    • Preparation and filing of quarterly TDS returns (Form 24Q, Form 26Q, Form 27Q, Form 27EQ)

    • Filing of TCS (Tax Collected at Source) returns

    Filing of Annual TDS Return (Form 26AS Reconciliation):
    • Reconciliation of TDS deducted and reflected in Form 26AS

    • Addressing mismatches or discrepancies in TDS return filings

  1. TDS Payment and Deposit

  2. TDS Payment to Government:
    • Timely deposit of TDS deducted to the government using challan (Form 281)

    • Ensuring payment within deadlines to avoid penalties and interest

    TDS on Non-Residents:
    • Deduction and payment of TDS for non-resident payments (e.g., foreign consultants, contractors)

    • Filing of Form 15CA/15CB for foreign remittances

  1. Issuance of TDS Certificates

  2. Form 16 (For Salaried Employees):
    • Issuing Form 16 to employees at the end of the financial year, summarizing TDS deductions

    Form 16A (For Non-Salary Payments):
    • Issuing Form 16A for TDS deducted on non-salary payments (e.g., professional fees, interest, etc.)

    Form 27D (For TCS):
    • Issuance of Form 27D for Tax Collected at Source

  1. TDS Reconciliation and Refunds

  2. Reconciliation of TDS Deducted and Paid:
    • Regular reconciliation of TDS returns, payments, and Form 26AS

    Refunds of Excess TDS Deducted:
    • Filing for refunds in case of excess deduction of TDS

  1. TDS Audit and Advisory

  2. TDS Audits:
    • Conducting internal audits to verify TDS compliance

    • Identifying and rectifying any discrepancies in TDS deductions or returns

    Advisory Services:
    • Tax planning for TDS deductions to minimize tax liability

    • Guidance on proper documentation for TDS-related transactions

  1. TDS Penalty & Litigation

  2. Penalty Management:
    • Advising on TDS penalties for late payments, non-deduction, or incorrect filing

    • Rectifying mistakes and ensuring compliance to avoid further penalties

    Representing in TDS Disputes:
    • Representation before tax authorities in TDS assessments or disputes

    • Filing appeals or requests for rectifications

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