TDS & TCS Services
TDS & TCS Related Services
The provision of section 203A of the Income Tax Act require all persons who deduct or collect tax at source to apply for the allotment of a TAN.TAN is mandatory to be quoted in TDS /TCS returns & TDS/TCS payment challans.
TDS Returns Filing
Tax Deducted at Source or TDS is the process wherein tax deduction takes place at the time of payment or when the payee ‘s account is credited with the money .TDS return is a statement submitted to the Income Tax Department quarterly .Every deductor should mandatory file the TDS return on time.
Filing of TDS Quarterly & Annually Returns
As per the Section 206 of Income Tax ACT all corporate and government deductors are compulsorily required to file their TDS returns on electronic media ( e TDS returns).However for the other Deductors filing of e-TDS return in optional.
Issuance of Form 16 and Form 16 A
Form 16/16A is the certificate of deduction of tax at source and issued on deduction of tax by the employer or on behalf of employees .these certificate provide details of TDS /TCS for various transactions between deductor and deductee .It is mandatory to issue these certificate to Tax payers.
TCS Return Filing
Form 27EQ contains all details pertaining to tax that is collected at source. According to Section 206C of the Income Tax Act 1961, this form must be filled every quarter .The form has to submitted by both the corporate and government collectors and deductors.