TDS and TCS Filings Services in India
Tax Deducted at Source and Tax Collected at Source are statutory tax collection mechanisms under the Income Tax Act, 1961. These systems ensure that tax is collected at the time of income generation or sale of specified goods. TDS applies to payments such as salary, rent, interest, contractor fees, commission, and professional charges. TCS applies to the sale of specific goods and certain e-commerce transactions.
Both mechanisms require correct calculation, timely deposit, and accurate quarterly reporting to remain compliant with income tax regulations.
Why Businesses Need TDS and TCS Filings
Timely and accurate filings are essential for maintaining statutory compliance and financial transparency.
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Compliance with provisions under applicable sections of the Income Tax Act
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Avoidance of penalties, interest, and prosecution
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Proper credit reflection in Form 26AS for deductees and buyers
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Smooth vendor and customer relationships through accurate tax reporting
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Preparedness for audits, assessments, and regulatory reviews
Types of TDS and TCS Filings
TDS Filings
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Form 24Q for salary payments
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Form 26Q for non-salary payments
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Form 27Q for payments to non-residents
TCS Filings
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Form 27EQ for quarterly TCS reporting
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Annual TCS statement for year-end consolidation
Due Dates
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Quarterly returns are filed as per prescribed income tax rules
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TDS and TCS payments are deposited within the specified time after month-end
Adhering to these timelines prevents late fees and compliance issues.
Documents Required
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PAN of deductor or collector and deductee or buyer
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TAN of deductor or collector
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Payment details for salary, rent, commission, contracts, or interest
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TCS collection data
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Form 16, Form 16A, or Form 27D
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Challan details for tax deposits
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GSTIN for contractor or supplier payments
Our TDS and TCS Filings Services
i Tax GST Filing provides complete support for TDS and TCS compliance.
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Calculation of correct deduction and collection rates
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Timely deposit of tax with the government
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Preparation and filing of quarterly returns
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Issuance of TDS and TCS certificates
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Reconciliation with Form 26AS
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Handling of mismatch corrections and notices
Why Choose i Tax GST Filing
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Accurate tax computation to reduce compliance risk
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Timely filings to avoid penalties
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Transparent reporting and documentation
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Support during audits, verifications, and income tax notices
Our Commitment
i Tax GST Filing ensures that TDS and TCS filings are accurate, timely, and compliant with the Income Tax Act, 1961. From deduction and collection to quarterly returns and reconciliation, every step is managed to support consistent compliance and audit readiness.
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Simplify your TDS and TCS compliance with professional support.
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