TDS is a system of tax collection where a person or entity making a payment (the deductor) deducts tax at the source of income and remits it to the government. The person receiving the payment (the deductee) gets credit for the TDS amount against their total tax liability for the year.
TDS & Withholding Tax
TDS is a system of tax collection where a person or entity making a payment (the deductor) deducts tax at the source of income and remits it to the government. The person receiving the payment (the deductee) gets credit for the TDS amount against their total tax liability for the year.
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Tax Deductors: Individuals or entities required to deduct tax at source (TDS) on specified payments.
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Payment Types: Applicable to salaries, interest, rent, commissions, and professional fees.
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Threshold Limits: TDS must be deducted if payments exceed prescribed limits.
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Registration: Must have a valid Tax Deduction and Collection Account Number (TAN).
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Timely Deposit: Deducted TDS must be deposited with the government on time.
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TDS Returns: Must file TDS returns periodically to report deducted and deposited amounts.
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- Tax Compliance: Ensures timely payment of taxes to authorities.
- Reduced Tax Evasion: Minimizes the risk of tax evasion.
- Simplified Tax Filing: Streamlines tax reporting and filing processes.
- Tax Compliance: Ensures timely payment of taxes to authorities.
- Identify Transactions: Determine which payments are subject to TDS or withholding tax.
- Deduct Tax: Calculate and deduct the appropriate amount of tax.
- Remit Tax: Pay the deducted tax to tax authorities.
- Issue Certificates: Provide TDS certificates to the recipients.
- File Returns: Submit TDS or withholding tax returns.
- Identify Transactions: Determine which payments are subject to TDS or withholding tax.
- Transaction details and invoices.
- TDS deduction records.
- Remittance challans.
- TDS certificates.
- Compliance: Ensure accurate TDS deduction and remittance.
- Documentation: Prepare and issue TDS certificates.
- Filing: Assist in filing TDS returns.
- Consultation: Provide guidance on TDS regulations and compliance.
- Compliance: Ensure accurate TDS deduction and remittance.
The payer or employer is responsible for deducting TDS and remitting it to tax authorities.
TDS payments are generally due by the 7th of the following month.
Yes, TDS can be claimed as a credit against the total tax liability while filing income tax returns.
Legal Disclaimer
The information on this website is provided for general informational purposes only. It does not constitute legal or professional advice. We do not guarantee the accuracy, timeliness, or completeness of the information provided. You should always seek the advice of a professional consultant or attorney regarding your specific situation. Use of this website is at your own risk and subject to our Terms of Use.
SS Auditors understands the importance of client satisfaction and strives to provide high-quality auditing services. However, it is important to note the following refund policy:
Cancellation & Refund Policy
S S AUDITORS AND TAX CONSULTANTS believes in helping its customers as far as possible, and has therefore a liberal cancellation policy. Under this policy:
• Cancellations will be considered only if the request is made immediately after placing the order. However, the cancellation request may not be entertained if the orders have been communicated to the vendors/merchants and they have initiated the process of shipping them.
• S S AUDITORS AND TAX CONSULTANTS does not accept cancellation requests for perishable items like flowers, eatables etc. However, refund/replacement can be made if the customer establishes that the quality of product delivered is not good.
• In case of receipt of damaged or defective items please report the same to our Customer Service team. The request will, however, be entertained once the merchant has checked and determined the same at his own end. This should be reported within only same day days of receipt of the products. In case you feel that the product received is not as shown on the site or as per your expectations, you must bring it to the notice of our customer service within only same day days of receiving the product. The Customer Service Team after looking into your complaint will take an appropriate decision.
• In case of complaints regarding products that come with a warranty from manufacturers, please refer the issue to them. In case of any Refunds approved by the S S AUDITORS AND TAX CONSULTANTS, it’ll take 3-5 Days for the refund to be processed to the end customer.Legal Disclaimer
The explanations and information provided on this page are general and high-level guidelines on how to write your own Shipping Policy. This article should not be relied upon as legal advice or specific recommendations, as we cannot foresee the exact shipping policies you wish to establish between your business and your customers. We recommend seeking legal advice to assist you in understanding and creating your own Shipping Policy.
Shipping Policy - The basics
A Shipping Policy is a legally binding document that establishes the legal relations between you and your customers. It provides a framework for outlining your obligations and addressing various potential issues that may arise, and what happens in each case.
A Shipping Policy is good practice and benefits both sides—you and your customers. Customers benefit from being informed about what to expect from your service, while you benefit because clear Shipping Policies can attract more customers by eliminating uncertainties about shipping timeframes or processes.