TDS & TCS Filing Services in India
📌 What are TDS and TCS?
TDS (Tax Deducted at Source) is a mechanism under Section 192–206 of the Income Tax Act, 1961, where a person (deductor) is required to deduct tax at the prescribed rate while making payments such as salary, rent, commission, interest, professional fees, or contractor payments. The deducted tax is deposited with the government, ensuring a steady inflow of tax revenue and minimizing tax evasion.
TCS (Tax Collected at Source) is a collection mechanism under Section 206C, where a seller collects tax from the buyer at the time of sale of specified goods and remits it to the government. It applies to items like alcohol, scrap, minerals, forest produce, or e-commerce transactions.
Both TDS and TCS filings are mandatory under Sections 200, 203, 206 and 206C, and non-compliance attracts interest, penalties, and notices from the Income Tax Department.
📌 Why Businesses Need TDS and TCS Filing Services
- Statutory Compliance – Ensures adherence to provisions under the Income Tax Act, 1961 and Rules 31–37, avoiding penalties under Section 201, 221, and 271C.
- Accurate Tax Deduction / Collection – Reduces errors and legal disputes by computing the correct TDS/TCS rates.
- Timely Filing – Prevents late filing interest and penalties under Sections 201(1A), 234E.
- Audit & Verification Ready – Maintains records to withstand scrutiny during tax audits or income tax assessments.
- Transparent Record-Keeping – Provides Form 26AS credit to deductees and buyers, enhancing trust and compliance.
📌 Key TDS & TCS Filings
TDS Filings
- Form 24Q – TDS on salaries (Quarterly).
- Form 26Q – TDS on payments other than salaries (Quarterly).
- Form 27Q – TDS on payments to non-residents (Quarterly).
- Form 27EQ – TCS returns for non-residents, if applicable.
TCS Filings
- Form 27EQ – Quarterly return for TCS collected under Section 206C.
- Annual TCS Return – Consolidated statement of TCS collected during the year.
Due Dates:
- Quarterly TDS/TCS returns must be filed within the prescribed due dates as per Rule 31A & Rule 37BA.
- TDS/TCS payments must be deposited within 7 days from the end of the month in which tax is deducted/collected as per Section 200(1) & 206C(1).
📌 Documents Required for TDS / TCS Filing
- PAN of deductor/collector and deductee/buyer
- TAN of deductor/collector
- Payment details (salary, rent, commission, interest, contractor payments)
- TCS collection details for applicable goods
- Form 16 (salary) / Form 16A (non-salary payments) / Form 27D (TCS certificate)
- Bank challans for tax deposited (Challan 281 for TDS/TCS)
- GSTIN (if applicable for services/contractors under GST)
📌 Our TDS & TCS Filing Services Include
- Computation of TDS/TCS on all payments as per applicable rates under Sections 192, 194, 194C, 194J, 206C, etc.
- Timely deduction or collection and deposit with the government using Challan 281
- Preparation and filing of quarterly TDS/TCS returns in Forms 24Q, 26Q, 27Q, and 27EQ
- Issuance of TDS/TCS certificates (Form 16, 16A, 27D) to employees, contractors, or buyers
- Reconciliation of TDS/TCS with Form 26AS for accuracy and audit readiness
- Handling notices, rectifications, or mismatches issued by the Income Tax Department
📌 Why Partner With India Stat Filing
- Expert team ensuring accurate computation and filing of TDS/TCS
- Timely submissions to avoid interest and penalties
- End-to-end compliance for salary, contractor, non-resident, and TCS on sales
- Transparent reporting with reconciled statements for audit and Form 26AS
- Support for notices and corrections issued by the Income Tax Department
📌 Our Commitment
At India Stat Filing, we ensure that your TDS and TCS obligations are managed efficiently, accurately, and in compliance with the Income Tax Act, 1961 and Rules, 1962. Our expert team takes care of computation, deductions, deposits, quarterly filings, and certificate issuance—helping your business remain penalty-free and audit-ready.
📞 Get Started Today
👉 Simplify your TDS and TCS compliance with our professional filing services.
📩 Contact India Stat Filing today for expert TDS/TCS filing across India.