TDS is where small administrative slips become expensive. A wrong section, a PAN that does not match, a challan mapped to the wrong quarter — each one produces a default that sits on TRACES accruing interest until somebody notices. And a disallowance under section 40(a)(ia) can cost far more than the tax itself.
We work the other way round: identify the correct section and rate before the payment is made, deposit on time, then file a return that reconciles to the challans already paid.
What we handle
- Section-wise applicability and rate — 192, 194C, 194J, 194I, 194Q, 194H and the rest
- Lower or nil deduction certificates under section 197, where the payee holds one
- Higher rate for non-filers and for PANs that are inoperative or unlinked
- Monthly deposit by the 7th, with challan preparation
- Quarterly returns — 24Q for salary, 26Q for residents, 27Q for non-residents, 27EQ for TCS
- PAN validation before filing, so that mismatches do not become defaults
- Form 16 and Form 16A download and issue from TRACES
- Correction statements for earlier quarters, and closure of open defaults
- Interest and late-fee computation under 201(1A) and 234E
- TDS on property under 194-IA and on rent under 194-IB, including Form 26QB and 26QC
What you supply
- TAN, and TRACES and e-filing portal access
- Ledger of payments made during the quarter, party-wise
- PAN of every deductee
- Challans deposited during the quarter
- Salary structure and declared investments, for 24Q
- Any section 197 certificates received from payees
- Previous quarter's acknowledgement and any open default notices
If there are already defaults showing on TRACES, send those across too — clearing them is usually part of the same exercise.
How the engagement runs
A quarterly cycle you do not have to remember
STEP 01
Payment review
We look at what you paid during the quarter and confirm the section and rate for each head.
STEP 02
Deposit
Challans prepared and deposited by the 7th, so interest never starts running.
STEP 03
Return filed
The quarterly statement is prepared, PANs validated and the return filed within the due date.
STEP 04
Certificates issued
Form 16 or 16A downloaded from TRACES and shared with you for issue to deductees.
Before you call
Questions we are asked about this
We deducted TDS but deposited it late. What now?
Interest under section 201(1A) runs from the date of deduction to the date of deposit, at the prescribed monthly rate. Deposit it with interest and disclose it correctly in the return — that closes the exposure. Leaving it out only means the demand appears later with more interest on it.
What if the deductee's PAN is wrong or inoperative?
Deduction has to be at the higher rate the Act prescribes, and the credit will not reach the deductee until the PAN is corrected. We validate PANs before filing rather than after, because a correction statement is more work than getting it right the first time.
Do we need to file a return for a quarter with no deductions?
There is no statutory nil return, but filing a declaration for a nil quarter on TRACES prevents the automated notice that otherwise follows. We do it as a matter of routine.
Send us the quarter you are worried about
You do not have to know the name of the form. Describe the situation and we will identify the filing, the authority and the realistic timeline before you pay anything.