Tax Withholding (TDS/TCS) Compliance
Tax Withholding (TDS/TCS) Compliance
Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are essential compliance obligations under the Income Tax Act, relevant for corporates, businesses, and individuals. Timely and accurate compliance ensures proper collection and deposit of taxes, minimizing the risk of penalties, interest, or scrutiny by tax authorities.
Singh Gulati & Associates provides independent TDS/TCS compliance services, ensuring that withholding and collection obligations are met accurately. Our services include reconciliations, timely filings, and advisory to reduce the risk of defaults, disputes, or non-compliance issues.
About This Service
Our TDS/TCS compliance services provide end-to-end support for managing withholding tax obligations. Singh Gulati & Associates assists clients in identifying transactions subject to TDS/TCS, calculating tax deductions or collections accurately, and ensuring timely deposit with the government.
We handle preparation and filing of quarterly TDS/TCS returns, reconciliation with books and Form 26AS, and generation of TDS certificates (Form 16/16A). Our advisory covers complex transactions, including payments to contractors, professionals, non-residents, and high-value sales.
We help clients stay updated with changes in TDS/TCS provisions, rates, and thresholds, ensuring compliance with evolving regulations. Our team also supports responses to departmental queries, notices, and compliance reviews.
Through structured, independent support, we mitigate litigation risk, prevent penalties, and help organizations maintain a transparent and efficient withholding tax framework.
Key Features / Scope of Work
Identification of TDS/TCS applicability across business transactions
Accurate computation of deductions/collections as per the Act
Timely deposit of TDS/TCS with the government
Preparation and filing of quarterly TDS/TCS returns
Reconciliation of returns with books and Form 26AS
Advisory on complex withholding tax matters, including cross-border payments
Issuance and verification of TDS certificates (Form 16/16A)
Assistance in responding to tax authority notices and compliance reviews
- Direct Taxation
- Mergers, Acquisitions & Corporate Restructuring
- Tax Withholding (TDS/TCS) Compliance
- IPO Readiness & DRHP Support
- Capital Market Advisory (QIP, Rights, Private Placement)
- Corporate Law Advisory (Board Governance, Secretarial Support)
- IFRS/Ind-AS Implementation Support
- Deal Negotiation Support & SPA Review
- Fixed Asset Management & Physical Verification Services
- Human Resource Outsourcing and Placement
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