Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are crucial mechanisms under Indian income tax law designed to collect tax at the very source of income. Compliance with TDS and TCS provisions is mandatory for a wide range of transactions and entities, and non-compliance can lead to significant penalties. At Ex Finserv, located in Pune, we offer comprehensive TDS / TCS Related Services to businesses and individuals, ensuring accurate calculation, timely deposit, and efficient return filing. Our expertise helps you navigate these complex regulations, maintain compliance, and avoid unnecessary liabilities.

Our Approach to TDS / TCS Compliance

Our approach to TDS / TCS compliance is meticulous and proactive. We understand that the ever-evolving nature of tax laws requires continuous monitoring and expert interpretation. Our dedicated team of tax professionals provides end-to-end support, from determining the applicability of TDS/TCS to specific transactions, to preparing and filing accurate returns. We aim to simplify the process for our clients, allowing them to focus on their core business activities while we handle their tax obligations.

We focus on:

  • Accurate Determination: Correctly identifying transactions subject to TDS/TCS and their respective rates.
  • Timely Compliance: Ensuring all deductions/collections are made and deposited within statutory deadlines.
  • Error Minimization: Meticulous preparation of statements and returns to avoid discrepancies.
  • Penalty Avoidance: Helping clients avoid penalties, interest, and legal complications due to non-compliance.
  • Expert Advisory: Providing clear and practical advice on complex TDS/TCS scenarios.

Our comprehensive range of TDS / TCS related services includes:

  • TDS (Tax Deducted at Source) Services:
    • Applicability & Rate Determination: Advising on the applicability of TDS provisions (e.g., on salaries, rent, professional fees, commission, contract payments, interest, etc.) and the correct TDS rates.
    • TDS Calculation: Accurate computation of TDS on various payments.
    • TDS Deposit: Preparation of challans and assistance with timely online deposit of TDS.
    • TDS Return Filing: Preparation and timely electronic filing of quarterly TDS returns (Forms 24Q, 26Q, 27Q, 27EQ).
    • TDS Certificate Issuance: Generation and issuance of Form 16/16A/27D to deductees/collectees.
    • Rectification of TDS Returns: Assistance with correcting errors in previously filed TDS returns.
    • TDS Reconciliation: Reconciliation of TDS as per books of accounts with 26AS/AIS/TIS data.
  • TCS (Tax Collected at Source) Services:
    • Applicability & Rate Determination: Advising on the applicability of TCS provisions (e.g., on sale of specific goods like scrap, timber, motor vehicles, or certain services).
    • TCS Collection: Guidance on collecting TCS from specified transactions.
    • TCS Deposit: Assistance with timely deposit of collected TCS.
    • TCS Return Filing: Preparation and timely electronic filing of quarterly TCS returns.
    • TCS Certificate Issuance: Issuance of TCS certificates to collectees.
  • Notice Handling & Assessment Support:
    • Assistance with responding to notices received from the Income Tax Department related to TDS/TCS.
    • Support during TDS/TCS assessment proceedings.
  • Advisory & Consultation:
    • Providing expert guidance on all aspects of TDS/TCS regulations and their implications.
    • Structuring transactions to ensure optimal TDS/TCS compliance.

Why Choose Ex Finserv for TDS / TCS Services in Pune?

  • In-depth Knowledge: Our team possesses extensive knowledge of the Income Tax Act, focusing specifically on TDS and TCS provisions and recent amendments.
  • Accuracy and Reliability: We ensure precise calculations and error-free filing, minimizing future complications.
  • Timely Execution: We prioritize adherence to all statutory deadlines, helping you avoid penalties and interest.
  • Local Presence: With our offices in Pune, we offer accessible and personalized services, understanding the local business environment.
  • Comprehensive Solutions: We provide end-to-end TDS/TCS support, allowing you to manage your tax obligations efficiently.

Get in Touch

Ensure robust and compliant TDS / TCS management for your business with Ex Finserv’s expert services in Pune. Contact us today for a consultation and safeguard your financial integrity.