TDS & Withholding Tax Services

TDS & Withholding Tax Services Overview

TDS (Tax deducted at source) - TDS means tax deducted at source. This tax is deducted from the
income of an individual. The tax deducted at source must be deposited to the government by 7th of the
subsequent month. TDS deducted in the month of July must be paid to the government by 7th august
whereas TDS deducted in the month of March can be deposited till 30th April. You must follows TDS
compliances to avoid fines, penalties etc.

To follow TDS compliances properly, you have to take care of the following things mentioned
below –

1. TDS rates
2. TDS provisions
3. Due date or deadline of submitting TDS
4. Details about Fines, penalties.

Withholding tax – Withholding tax is a tax collected by an employer by withholding a certain amount
from employee’s wages and paid directly to the central government of India. This tax is also levied on
income (interest or dividends) from securities owned by a non-resident. It also includes other income
paid to non-residents of a country. The most important benefit of withholding tax is that there is no
possibility of tax evasion in this case. Withholding taxes are applicable on sources of income such as
salary, commission, rent, work contract, interest, business income, professional services, technical
services etc. It is also called as retention tax. You must follow withholding tax compliances to avoid fines,
penalties etc.

To follow withholding tax compliances, you need to take care of the following things mentioned below

1. Withholding tax rates for Indian resident or non-resident
2. Withholding tax payment due date
3. Withholding tax filing due date
4. Details about fines, penalties etc.

What Is Included In Our Package?

Eligibility Consultation
Document Preparation
Application Drafting
Government Fees