TDS/TCS Compliance
Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are important compliance requirements under the Income Tax Act, applicable to businesses, employers, professionals, and certain individuals. These provisions ensure timely collection of taxes by requiring tax to be deducted or collected at the time of specified transactions. Failure to comply with TDS/TCS provisions can result in interest, penalties, disallowance of expenses, and notices from the Income Tax Department.
At Ritesh Arora & Associates, we provide comprehensive TDS and TCS compliance services to help businesses meet their statutory obligations with accuracy and confidence. From tax deduction and return filing to reconciliation and compliance advisory, our professionals ensure every aspect of TDS/TCS is handled efficiently and within the prescribed timelines.
Coverage
Entity / activity types included in this service.
Form 24Q – TDS on Salary Payments
Form 24Q is filed by employers who deduct tax from salaries paid to employees. It contains details relating to employee salaries, tax deductions, exemptions claimed, deductions under various sections, and taxes deposited during the financial year.
This form is applicable to:
- Companies and corporate employers.
- Partnership firms and LLPs employing staff.
- Proprietorship businesses.
- Startups and growing organisations.
- Any employer responsible for deducting TDS on salary.
Our general frequently asked questions
Find quick answers to common questions about our services, timelines, and engagement process.
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You will typically need PAN cards, Aadhaar cards, photographs, and address proofs of the directors, along with the registered office address proof.