Service
TDS return filing and TCS compliance in Modasa
Employers and businesses that pay salaries, rent, professional fees or contractors usually have to deduct tax at source, and some sellers have to collect it. PATEL & CO. helps businesses in Modasa and Aravalli district keep their TDS and TCS payments and statements in order.
What the work involves
- Registering for a TAN where required.
- Working out which payments attract TDS, and under which provision, for your business.
- Depositing the tax through challans within the due dates.
- Preparing and filing the quarterly TDS and TCS statements.
- Issuing TDS certificates (such as Form 16 and Form 16A) and reconciling with the Form 26AS of the people you paid.
- Correcting statements when mismatches or errors are found.
Who needs it
- Employers who deduct tax on salaries.
- Businesses that pay rent, professional or contractor fees, commission or interest.
- Sellers who collect tax on specified transactions.
- Businesses whose earlier TDS statements need correction.
Documents commonly needed
- TAN and PAN of the deductor.
- PAN and details of each person or business paid (the deductee).
- Payment, invoice and salary records for the quarter.
- Challan details of tax already deposited.
- Earlier statements and acknowledgements.
How we work with you
- 01Understand. We learn about your business or personal situation and review the documents you already have.
- 02Prepare. The required documents are organised and the work is prepared.
- 03Review. Every piece of work is checked for accuracy and completeness before it is filed.
- 04Support. You receive updates, and help with notices and queries where it applies.
Things to keep in mind
- Rates, thresholds and due dates for TDS and TCS are set by the Income-tax Act and rules and are revised from time to time. We confirm what applies on the date of each payment.
- Late deduction, late deposit or late filing can lead to interest, fees and, in some cases, disallowance of the related expense. The consequences depend on the case.
- Correct PANs of deductees matter: wrong or missing PANs lead to mismatches and can change the deduction that applies.
Frequently asked questions
Do I need a TAN?
A person who is required to deduct or collect tax at source generally has to obtain a TAN and quote it in TDS and TCS statements. We can confirm whether this applies to you.
How often are TDS statements filed?
TDS and TCS statements are filed quarterly, and the due dates are set by the department. We work from the dates published on the income tax portal.
What happens if a deductee's PAN is wrong?
It can cause a mismatch with the deductee's records and may affect the tax deducted. We check PANs when preparing statements and help correct them where needed.
Official sources
The rules, forms and due dates for this work are published by the authorities. Always check them for the current position:
Helpful guides
Related services
- Income tax filingChoosing the right return form, checking income against official statements and filing and e-verifying the return.
- Accounting and bookkeepingMaintaining books of account and periodic statements so that tax filings draw on accurate, organised records.
- Business advisory & tax consultationUnderstanding your tax position and the compliance that applies to you, before decisions are taken.
This page is general information, not personal advice. Tax law, forms and due dates change, so please confirm the current position with us or on the official portals before acting.
Speak to PATEL & CO.
Tell us what you need and we will reply with what we need to see and how we can help.