Managing Tax Deducted at Source (TDS) requires precise calculation, timely tax deposition, and accurate quarterly statement submission to avoid heavy interest and mandatory penalties. Whether you operate a growing corporate entity in Noida (Sector 62, Sector 18, Expressway) or an enterprise/firm in Dwarka, our expert Chartered Accountants provide end-to-end online TDS return filing, TAN management, and TRACES compliance services.
Our TDS Return Filing & Consultation Services
We manage all domestic and cross-border TDS/TCS obligations for corporate businesses, startups, LLPs, firms, and property buyers:
Form 24Q (Salary TDS): Comprehensive computation of employee tax liabilities, investment declaration verification, monthly salary withholding, and quarterly Form 24Q filing.
Form 26Q (Non-Salary Domestic TDS): Filing for payments made to resident contractors (Sec 194C), professional/technical fees (Sec 194J), rent (Sec 194I), commission/brokerage (Sec 194H), and purchase of goods (Sec 194Q).
Form 27Q (Non-Resident & NRI Payments): Compliance under Section 195 for foreign remittances, international service providers, and NRI transactions, ensuring double taxation treaty (DTAA) optimization.
Form 26QB (TDS on Property Sale): Complete assistance for property buyers deducting 1% TDS on purchase of immovable property valued over ₹50 Lakhs, including Challan 26QB generation and Form 16B issuance.
Form 26QC / 26QD: TDS return filing on high-value house rent (Sec 194-IB) and payments by individuals/HUFs to contractors or professionals (Sec 194M).
Form 27EQ (TCS Returns): Quarterly Tax Collected at Source return preparation and filing for scrap sellers, motor vehicle sales, and overseas tour package operators.
TDS Correction Statements: Rectification of PAN errors, short payment/short deduction defaults, challan mismatch, and removal of demand notices issued on the TRACES portal.
Quarterly TDS Return Due Date Schedule
Under the Income Tax Act, TDS deducted during any month must be deposited by the 7th of the following month (except March, which is due by 30th April). Returns are filed quarterly as per the following statutory calendar:
Q1 April 1 – June 30 31st July Form 24Q, 26Q, 27Q, 27EQ
Q2 July 1 – September 30 31st October Form 24Q, 26Q, 27Q, 27EQ
Q3 October 1 – December 31 31st January Form 24Q, 26Q, 27Q, 27EQ
Q4 January 1 – March 31 31st May Form 24Q, 26Q, 27Q, 27EQ
Statutory Penalties for Late Filing & Non-Compliance
Missing TDS deadlines or failing to deduct tax leads to severe financial penalties and tax disallowances:
Late Filing Fee (Sec 234E): A mandatory fee of ₹200 per day for every day of delay after the due date, capped at the total amount of TDS deducted.
Interest on Late Payment: 1% per month for delay in deducting tax from the due date of deduction to actual date of deduction. 1.5% per month for delay in depositing tax from the date of deduction to the actual payment date.
Business Expense Disallowance (Sec 40(a)(ia)): 30% disallowance of the underlying expenditure (rent, professional fee, contractor payment) as a taxable business expense if TDS is not deducted or paid on time.
Penalty under Section 271H: Assessing officers can levy additional penalties ranging from ₹10,000 to ₹1,00,000 for non-filing or incorrect filing of TDS returns.
Data Audit: We verify your deduction registers against bank statements, purchase bills, and vendor PAN records.
Challan Matching: Verification of Challan ITNS 281 deposits (BSR code, challan serial number, and deposit date) on the Income Tax e-filing portal.
FVU File Generation: Data compilation in Return Preparation Utility (RPU) and verification through the NSDL File Validation Utility (FVU) to ensure zero errors.
FVU File Generation: Data compilation in Return Preparation Utility (RPU) and verification through the NSDL File Validation Utility (FVU) to ensure zero errors.
TRACES Processing & Certificate Issue: Downloading and issuing Form 16 (for employees) and Form 16A/16B (for vendors/property sellers) within 15 days of filing.
Why Choose Our TDS Experts in Noida & Dwarka?
Dedicated CA Assistance: Expert scrutiny of all entries to eliminate PAN mismatches and short-deduction defaults before submission.
TRACES Demand Resolution: Fast resolution of old TDS default notices, interest demands, and unadjusted challan credits.
100% Online & Secure: Smooth digital document collection via cloud platforms for clients across Noida, Greater Noida, and Dwarka.
Integrated Payroll & Tax Advisory: Guidance on applicability of lower/nil TDS deduction certificates (Sec 197) and tax restructuring.
Frequently Asked Questions (FAQs)
Every entity (company, firm, LLP, trust) and individuals/HUFs whose business turnover exceeds ₹1 Crore (or professional receipts exceed ₹50 Lakhs) in the preceding financial year must obtain a TAN (Tax Deduction and Collection Account Number) and deduct TDS on specified payments.
Consult Our TDS Experts Today
Ensure 100% statutory compliance and avoid TRACES demand notices. Reach out to our Noida or Dwarka CA offices to get a tailored compliance quote for your firm or corporate setup.
