TDS & ETDS Filing

For the quick and efficient collection of taxes, the Income-tax Law has incorporated a system of deduction of tax at the point of generation of income. This system is called “Tax Deducted at Source”, commonly known as TDS. Under this system, tax is deducted at the origin of the income. Tax is deducted by the payer and is remitted to the Government by the payer on behalf of the payee.

The provisions of deduction of tax at source apply to several payments such as salary, interest, commission, brokerage, professional fees, royalty, contract payments, etc. In respect of payments to which the TDS provisions apply, the payer has to deduct tax at source on the payments made by him and he has to deposit the tax deducted by him to the credit of the Government.

Compliance of TDS provisions and timely & correct filing of ETDS returns are very essential, failing which the entity has to pay a lot of amount towards TDS defaults, late fees, interest, penalty, etc. Our team, consisting of Chartered Accountants and professionals, will assist in meeting TDS compliances and filing ETDS returns. We also advise our clients to choose appropriate TDS rates and apply for a lower or nil deduction certificate wherever required. Our team also provides TDS defaults correction and rectification services.