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TDS

TDS (Tax Deducted at Source) is a mechanism where tax is deducted at the point of payment for salaries, rent,...

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TDS (Tax Deducted at Source) is a mechanism where tax is deducted at the point of payment for salaries, rent, or other specified transactions. It ensures timely tax collection and reduces the burden of lump-sum payments.

We know how important it is to follow TDS (Tax Deducted at Source) rules for both businesses and individuals. Missing deadlines or making mistakes with TDS can lead to fines and legal problems. That’s why we offer a complete set of TDS compliance services to help you manage your tax deductions and payments smoothly while staying within the law.

TDS (Tax Deducted at Source) is a tax system where tax is deducted from income at the point of earning it. This applies to various income types, like salary, rent, interest, or payments to contractors. TDS is deducted by the person making the payment (like an employer or bank) and is then paid to the government.
o Ensuring the right amount of tax is deducted from the income of the person receiving it.
o Paying the deducted tax to the government within the deadline.
o Filing quarterly TDS returns with all the details of taxes deducted and paid.
o Issuing TDS certificates (like Form 16 and Form 16A) to the payees so they can use it while filing their own tax returns.
We offer a range of services to ensure your TDS is handled accurately and on time:
o We help you figure out which payments need TDS deductions and ensure you deduct the correct amount of tax based on the latest rules.
o We provide advice on the TDS slabs, limits, and rates for different types of payments like salaries, rent, and professional fees.
o We keep you updated on any changes in the TDS laws so that you always stay compliant.
Paying TDS to the government on time is crucial to avoid fines. We make sure:
o You deposit the TDS amount within the government deadlines.
o The payment is made using the right challan and tax codes to avoid any issues with the Income Tax Department.
o We provide a schedule of due dates for TDS deposits to ensure you meet these deadlines.
TDS returns need to be filed every quarter. We help you with:
★ Preparing and filing quarterly TDS returns (Forms 24Q, 26Q, 27Q, and 27EQ) based on the type of payments made..
★ Checking the returns for accuracy before filing, so there are no mismatches with the government’s records.
★ Filing correction returns if there are any mistakes or discrepancies. We ensure that all details like PAN of the payees, TDS amounts, and payment information are accurately recorded.
• After filing the quarterly returns, TDS certificates (Form 16 for salaries, Form 16A for non-salary payments) must be issued to the people from whom TDS has been deducted.
• We help generate and issue these certificates on time to your employees, contractors, or anyone else from whom TDS has been deducted.
• We also assist with Form 16B for TDS on property transactions and Form 26QB for TDS on property purchases.
Sometimes, there may be differences between your TDS returns and the government’s records, which can lead to notices. We offer:
• Help in managing TDS-related notices and resolving any issues.
• Representation before the tax authorities to deal with problems like delayed deposits, wrong deductions, or mismatched returns.
• Assistance with correcting returns and clearing notices quickly.
We provide specialized services for employers to ensure they meet their TDS obligations on salaries, including:
• Calculating the right tax amount for each employee based on their income and deductions.
• Deducting TDS from employee salaries on time and issuing Form 16 at the end of the year.
• Filing Form 24Q each quarter to report salary-related TDS to the Income Tax Department.
TDS rules are different for non-residents (NRIs). We help NRIs and those making payments to NRIs with:
• Understanding the right TDS rates for payments made to or by NRIs.
• Ensuring compliance with special provisions under Section 195 for TDS on payments like property sales or rent.
• Filing the correct forms and returns for NRI TDS compliance.

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    At Prahar Filing & Advisory, our clients’ success stories speak volumes. Discover how businesses across various industries have leveraged our expertise to achieve their goals. Read firsthand accounts of our commitment to excellence and the impact we've made in supporting their growth and compliance needs.

    “Prahar Filing & Advisory has been instrumental in helping us scale compliantly. Their team is proactive, detail-oriented, and always available when we need strategic input. A true partner in our growth.”

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    “I was new to tax filing and unsure about deductions. Prahar simplified everything, explained the process patiently, and helped me file with confidence. Their service is perfect for working professionals like me.”

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    “I run a small business and needed help with GST and licensing. Prahar’s team guided me step-by-step and made sure I understood every part of the process. They’re reliable, honest, and truly client-focused.”

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