7th Monthly
31st Jul/Oct/Jan/May
15 days after filing
15th June (Annual)
15th Monthly
TDS is the amount deducted by the payer at the time of making specified payments — salary, contractor fees, professional charges, rent, or interest — and deposited with the Income Tax Department on behalf of the payee.
TCS is collected by the seller from the buyer at the point of sale for specified goods and transactions — including scrap, motor vehicles, timber, and foreign remittances under the Liberalised Remittance Scheme (LRS).
A single incorrect PAN in your TDS return triggers ₹200/day penalty under Section 234E and denies your vendor the tax credit. Beyond this, failing to deduct TDS can lead to 30% disallowance of the related expense under Section 40(a)(ia), significantly increasing your taxable income. That's why precision matters every quarter.
We compute TDS under all applicable sections and process Challan 281 payments by the 7th every month — zero interest, zero default.
Complete preparation, FVU validation, and e-filing on the TRACES & IT portal — correct section codes, valid PANs, zero Justification Reports.
Automated checks prevent the mandatory 20% high-rate TDS deduction under Section 206AA caused by invalid or unlinked PANs — before filing.
Digitally signed TDS certificates for employees (Form 16) and vendors/contractors (Form 16A) issued within 15 days of return filing.
Correction Statements, TDS Demand Notice responses, and revised interest calculation under Sec. 201(1) & 201(1A) — clear your TRACES record.
TCS collection and return filing for manufacturing and trading businesses, including LRS foreign remittances and cross-compliance with 206C(1H).
We apply for Form 13 with the Income Tax Department for eligible vendors — reducing their TDS burden and building lasting business goodwill.
Every TDS engagement supervised by qualified Chartered Accountants — no junior shortcuts on compliance that has zero tolerance for error.
Tally, Zoho, SAP integrations available. Secure cloud document portals. WhatsApp compliance alerts for every key deadline.
Existing TDS defaults can be rectified. We file Correction Statements and negotiate demand notices to minimise your penalty exposure.
Serving Makarpura, Savli, Nandesari & all of Gujarat — with in-person availability for complex
TDS matters.
Quick turnaround on TDS demand notices, correction returns, and TRACES queries — no delays that compound your interest exposure.
TCS on scrap, 194Q on purchases over ₹50L, job-work TDS under 194C — we handle complex multi-vendor chains for Vadodara's industrial units.
Under Section 194C, TDS is deducted at 1% for individuals and HUFs and 2% for all other entities (companies, firms, etc.). The threshold is ₹30,000 per single payment or ₹1,00,000 in aggregate during the financial year. If the contractor does not furnish their PAN, the rate increases to 20% under Section 206AA.
Interest under Section 201(1A): (1) failure to deduct = 1% per month from the date deduction was due to actual deduction; (2) failure to deposit after deduction = 1.5% per month from deduction to actual payment. Additionally, under Section 40(a)(ia), 30% of the relevant expense is disallowed if TDS is not deducted — significantly increasing your taxable income.
Section 194Q (effective 1 July 2021) applies to buyers whose turnover exceeds ₹10 Crore in the previous year. If you pay more than ₹50 Lakh to a single seller in a financial year, you must deduct TDS at 0.1% on the amount exceeding ₹50 Lakh. Manufacturing and trading businesses in Vadodara's GIDC areas frequently cross this threshold and often overlook this provision.
You must file a Correction Statement on the TRACES portal. The type of correction depends on the error — PAN correction, challan correction, or deductee detail correction. Most corrections can be filed online through TRACES. We identify the specific error type, prepare the correction file in the correct format, and file it with TRACES — resolving your Demand Notices and Justification Reports systematically.
Yes. Under Section 194J, TDS must be deducted at 10% on professional fees paid to doctors, lawyers, architects, engineers, accountants, and consultants when the payment exceeds ₹30,000 in a financial year. For technical services (such as software development), the rate is 2%. Payments under royalty to resident individuals are also covered at 10%.
This typically indicates either (1) the deductor has not filed the TDS return, (2) the deductor has entered an incorrect PAN in the return, or (3) there is a challan mismatch. We provide complete TRACES reconciliation to identify the root cause — whether it requires a correction statement from your side, or documentation to support the vendor's follow-up with their deductor.
204, Pavan Complex, Jetalpur Rd, Vishwas Colony, Vadiwadi, Vadodara, Gujarat 390020