End-to-end support in deduction, deposit, and reporting of TDS/TCS under Income Tax and GST laws.
Tax Deducted at Source (TDS) is a mechanism under the Income Tax Act and Goods and Services Tax (GST) law to ensure tax collection at the source of income. Compliance with TDS provisions involves timely deduction, accurate deposit, and correct filing of returns. At Pratik Janrao & Associates, TDS compliance services are designed to help businesses and individuals meet statutory obligations efficiently.
Scope of Services
Our TDS compliance services include:
TDS under Income Tax
Calculation of applicable TDS on payments such as salaries, contracts, rent, interest, and professional services.
Preparation and filing of quarterly TDS returns (Form 24Q, 26Q, 27Q, 27EQ).
Issuance and reconciliation of TDS certificates (Form 16, 16A).
Assistance in responding to TDS notices or defaults.
TDS under GST
Identifying transactions liable for TDS under GST provisions.
Assistance in deduction, payment, and filing of GSTR-7.
Support in generation of TDS certificates (GSTR-7A).
Key Objectives
To ensure accuracy in TDS calculation and timely compliance with applicable laws.
To reduce the risk of penalties and interest arising from delayed or incorrect compliance.
To assist in proper reconciliation of TDS deducted, deposited, and reflected in statements.
Our Approach
TDS compliance is handled with a systematic process that begins with identifying deductible transactions, computing applicable rates, and ensuring timely deposit of tax with the government. Pratik Janrao & Associates ensures accurate preparation and filing of returns while also providing support in handling compliance notices or discrepancies.
