- Ahmedabad
- (+91) 90992 68385
- accurate.afzal@gmail.com
Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are key components of India’s direct taxation framework, designed to facilitate timely collection of revenue and promote traceable transactions. For businesses, compliance with TDS and TCS regulations is not just legally mandatory, an operational necessity that impacts financial credibility, cash flow management, and audit preparedness.
At Accurate Consultancy, we provide end-to-end support for TDS/TCS compliance, ensuring your business meets all statutory requirements under the Income Tax Act while avoiding costly errors, penalties, or reputational risks.
Ensure correct deduction and prompt deposit of TDS/TCS to avoid interest, late fees, and penalties.
Accurate filing of quarterly TDS/TCS returns using appropriate forms, ensuring compliance with government norms.
Expert support in resolving TDS/TCS notices, mismatches, and advisory on latest rule changes and thresholds.
• Businesses that make specified payments (e.g. salary, rent, professional fees, interest, commission) are required to deduct TDS before disbursing amounts.
• Sellers of goods above prescribed thresholds must collect TCS at applicable rates.
• Failure to deduct, deposit, or file returns may result in penalties, interest, and even disallowance of expenses.
• Timely deduction and deposit of TDS/TCS ensures uninterrupted vendor relationships, smooth payroll processing, and clean accounting records.
• It also simplifies transaction tracking and improves cash flow visibility.
• TDS and TCS records are essential for audit trails, expense validation, and tax assessments.
• Maintaining proper challans, certificates (Form 16, 16A, 27D), and quarterly returns enables businesses to handle scrutiny with confidence.
• Proper issuance of TDS certificates helps vendors and employees claim their tax credits seamlessly.
• It fosters transparency and positions your business as professionally managed.
Accurate Consultancy is a consulting company in accounting services, tax planning, company incorporation and many more. Our strength lies in listening to the client and help them come up with business objective for their dream vision initiative.
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