TDS & TCS Advisory

1. Monthly TDS/TCS Computation & Payment

  • Verification of invoices and contracts

  • Calculation of applicable TDS/TCS rates

  • Monthly liability determination

  • Challan preparation (Form 281) and timely payment

  • Interest & late fee calculations, if applicable

 

2. Quarterly TDS/TCS Return Filing

  • Preparation and filing of:

    • Form 24Q – Salaries

    • Form 26Q – Non-salary domestic payments

    • Form 27Q – Payments to non-residents

    • Form 27EQ – TCS returns

  • Validation and generation of FUV (File Validation Utility)

  • Filing on TRACES / NSDL / Income Tax portal

  • Generation of TDS certificates (Form 16 / 16A)

 

3. TDS on Salaries (Form 24Q + Form 16 Issuance)

  • Monthly payroll TDS calculation

  • Proof collection for 80C, 80D, HRA, etc.

  • Computation of total tax liability and deduction schedule

  • Quarterly 24Q filing and annual Form 16 generation

  • Full compliance support for employer obligations

 

4. Non-Resident TDS (Form 27Q + 15CA/15CB)

  • Advisory on DTAA rates

  • TDS on royalty, interest, technical services, and capital repatriation

  • Form 15CA/CB certification and documentation

  • Withholding tax compliance for foreign payments

 

5. Advisory on Lower/Nil TDS Certificates (Form 13)

  • Application for lower deduction certificate under Section 197

  • Handling Form 13 process and liaison with department

  • Tracking validity and renewal timelines

 

6. TDS/TCS Notice Handling & Reconciliation

  • Reply to TRACES defaults and intimation notices

  • PAN mismatch, short-deduction, interest notices

  • Reconciliation of Form 26AS with books of accounts

  • Correction returns and TDS adjustment guidance

 

7.📄 Important TDS/TCS Forms & Their Use

Form

Purpose

Frequency

Form 24Q

TDS on salary payments

Quarterly

Form 26Q

TDS on all domestic non-salary payments

Quarterly

Form 27Q

TDS on payments to non-residents

Quarterly

Form 27EQ

TCS return

Quarterly

Form 16

TDS certificate for salaried employees

Annually

Form 16A

TDS certificate for other payments

Quarterly

Form 13

Application for lower/nil deduction

As required

Form 15CA/15CB

For foreign remittance compliance

Per transaction

Form 26AS / AIS / TIS

Reconciliation & reporting data

Ongoing

 

8. 📅 Compliance Calendar Highlights

Activity

Due Date

TDS/TCS Monthly Payment

7th of next month

Q1 Return Filing

31st July

Q2 Return Filing

31st October

Q3 Return Filing

31st January

Q4 Return Filing

31st May

Form 16 Issuance

By 15th June (after Q4 filing)