TDS, deducted and filed on time
We handle TDS from end to end. Every month we work out what has to be deducted and pay the challan by the due date. Every quarter we file the return. At the end of the year we issue Form 16 to your staff and Form 16A to your vendors. TDS is the filing most often missed by growing businesses, because it starts the moment you pay a salary or a contractor and nobody tells you it has started.
What we do
What this covers, every month.
We work out what to deduct. On salaries, contractors, professional fees, rent, commission and the rest. Each has its own rate and its own threshold.
Challans every month. Paid by the 7th, for the previous month. This is a payment, not a return, and missing it costs interest.
Returns every quarter. Form 24Q for salaries, Form 26Q for everything else. Late filing here is charged per day until it is filed.
Form 16 and Form 16A. Issued to your staff and your vendors after the year ends. Your staff need it to file their own returns.
We fix the mismatches. If a PAN is wrong or a challan does not match the return, it shows up as a default. We correct it.
What we need from you
Your side of it.
- Your payroll, or the salary numbers each month
- Vendor invoices, with their PAN
- Your TRACES and income tax portal access, once, at the start
TDS starts the month you pay your first salary. Most founders find out a quarter late.
Questions
What people ask about TDS.
When does TDS start applying to my business?
As soon as you make a payment that TDS applies to. For most new businesses that is the first salary above the threshold, the first contractor payment, or the first professional fee. There is no announcement. If you have started paying people, assume it applies and ask us.
What does a late TDS return actually cost?
Late filing of a TDS return carries a fee charged for each day of delay until the return is filed, and unpaid or late-paid TDS carries interest on top. The amounts are not large on any single day, which is exactly why they are left, and they run for months. Confirm current rates before you rely on a number.
My staff are asking for Form 16. Can you issue it?
Yes. Form 16 is issued after the fourth quarter return is filed and the figures are matched. Form 16A goes to vendors from whom you deducted TDS. Both are part of the monthly fee.
I have TDS defaults from earlier years. Can you sort them out?
We can look at them and tell you what is involved. Correcting earlier years is a separate job that we quote once, not part of the monthly fee.
The rest of it
All of this is in the same monthly fee.
- Bookkeeping
Books kept current through the year, not written up in March.
- GST
GSTR-1 and GSTR-3B, with your input credit actually checked.
- Income tax
The annual return for your business, and advance tax across the year.
- ROC filings
The MCA forms, tracked and filed. This is where the uncapped fee is.
- Notices
Forward it on WhatsApp. Routine ones are inside the fee.