TDS & TCS Return in India

At Accountum India, we specialize in providing expert TDS & TCS return filing services across India. Our team of experienced professionals ensures that your business remains fully compliant with the ever-evolving tax regulations set by the Income Tax Department.

We make TDS and TCS return filing simple, hassle-free, and fully compliant with Indian tax laws. Whether you’re a small business, a large corporation, or an individual taxpayer, we’ve got you covered when it comes to filing your TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) returns.

Confused about TDS or TCS? Don’t worry, you’re not alone. Tax deductions can be tricky, and the penalties for mistakes or delays are real. That’s where we come in. Our team of experts handles everything from accurate return filing to rectifying errors, ensuring you stay compliant and avoid unnecessary fines.

Process

Fill the Form

Documention Process

Operational Process

Final Process

Benefits of Getting TDS & TCS Done through Accountum India

Enhanced Financial Management

Expertise and Accuracy

Regulatory Compliance

Customized Solutions

Timely Reporting

Strategic Insight

Benefits of TDS & TCS

Ensures Legal Compliance
Avoids Penalties and Interest
Smooth Tax Credit for Payees
Helps in Timely Tax Collection
Prevents Overpayment or Underpayment of Taxes
Simplifies Financial Audits
Improves Transparency in Financial Transactions
Improves Credit Rating
Reduces Tax Evasion Risks

Documents Required for TDS & TCS

GENERAL DOCUMENT

PAN Card of Deductor
PAN Card of Deductee
TDS/TCS Payment Challans
Salary Details (for employees)
Invoices and Payment Details
Form 16/16A (for TDS from Salary/Other Income)
Form 27D (for TCS)
Bank Account Details for Payment
Tax Deducted Details (Contractors/Vendors)
Details of Exemptions/Tax Credit
Form 26AS (Tax Credit Statement)

FAQ :-

What is the difference between TDS and TCS?

TDS (Tax Deducted at Source) is tax deducted from payments made to individuals or entities (e.g., salary, interest, contractor payments), while TCS (Tax Collected at Source) is tax collected by the seller on certain sales or transactions (e.g., sale of goods, export).

Who is responsible for deducting or collecting TDS/TCS?

TDS is deducted by the payer (employer, business, etc.), while TCS is collected by the seller at the time of sale of goods or services.

What is Form 16/16A?

Form 16 is a certificate issued by the employer showing the TDS deducted from salary. Form 16A is issued for TDS deducted on income other than salary (e.g., contractor payments, interest).

Can TDS or TCS be claimed as tax credit?

Yes, the TDS or TCS deducted is credited to the payee’s Form 26AS and can be claimed as a tax credit when filing the income tax return.

How do I correct errors in TDS/TCS returns?

If there are errors in your TDS/TCS return, you can file a revised return to correct the discrepancies. You must do this before the end of the relevant assessment year.