TDS & Advance Tax Filing
TDS (Tax Deducted at Source) and Advance Tax are key components of India’s income tax system, ensuring timely collection of taxes by the government. Our TDS & Advance Tax Filing services help individuals, professionals, and businesses manage their tax obligations efficiently, avoid penalties, and stay compliant with the Income Tax Act.
Types of TDS & Advance Tax Filing Services
TDS and Advance Tax Filing services cover various aspects of tax compliance for individuals, businesses, and professionals.
TDS Deduction and Registration
Assistance in registering for TDS and deducting tax at source for salaries, professional fees, rent, and other payments.
TDS Returns Filing
Timely preparation and filing of quarterly TDS returns (Form 24Q, 26Q, 27Q, etc.) to comply with statutory requirements.
TDS Payment to Government
Ensuring accurate and timely payment of TDS amounts to the government to avoid interest and penalties.
Advance Tax Calculation
Helping individuals and businesses calculate advance tax liabilities based on estimated income, profits, and gains.
Advance Tax Payment & Filing
Assistance in making advance tax payments in installments as per the due schedule and filing returns accordingly.
Advisory & Compliance Support
Providing expert guidance on TDS deductions, advance tax planning, exemptions, and minimizing tax liabilities legally.
Why TDS & Advance Tax Filing is Important?
Legal Compliance
Ensures adherence to Income Tax Act provisions, avoiding penalties and interest.
Avoids Interest & Penalties
Timely filing and payment reduce risks of fines for late payments or defaults.
Financial Planning
Helps individuals and businesses plan cash flow effectively and pay taxes in a structured manner.
Accurate Record-Keeping
Maintains proper records for audits, assessments, and future tax filings.
FAQs
Who is required to pay TDS?
Employers, businesses, and individuals making payments such as salary, rent, or professional fees are required to deduct TDS at source.
When is Advance Tax applicable?
Advance tax is applicable if the total tax liability in a financial year exceeds ₹10,000 for individuals and varies for businesses/professionals.
What are the due dates for TDS and Advance Tax filing?
TDS is filed quarterly (June, September, December, March), and Advance Tax is paid in installments as per the Income Tax Department schedule (June, September, December, March).
Can penalties be avoided if TDS or Advance Tax is filed late?
Late filing or payment attracts interest and penalties, but professional assistance can minimize or rectify compliance issues.
Are TDS & Advance Tax refundable?
Excess TDS or advance tax paid can be claimed as a refund while filing income tax returns.