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Income Tax

TDS & TCS Compliance
Deduct Right. Pay On Time. File Accurately.

End-to-end TDS and TCS compliance for businesses and employers — quarterly returns (26Q, 24Q, 27Q), TDS certificates (Form 16/16A), lower deduction certificates, and correction statements.

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24Q26QForm 16Form 16ATRACESLower Deduction CertificateTDS DefaultChallan 281
What It Covers

Everything You Get
With This Service

Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are withholding tax mechanisms under the Income Tax Act. Businesses that make certain payments must deduct TDS and deposit it with the government. Non-compliance attracts 30% disallowance of expenses and heavy interest.

  • Applicability assessment for TDS/TCS on each payment type
  • Monthly TDS computation and payment (Challan 281)
  • Quarterly return filing — Form 24Q, 26Q, 27Q, 27EQ
  • Generation and issue of Form 16 (salary) and 16A (non-salary)
  • Form 16B for property purchases (TDS on immovable property)
  • Application for Lower Deduction Certificate (Form 13)
  • TDS on rent above ₹50,000/month (Section 194IB — Form 26QC)
  • Correction statement filing for past errors
  • TRACES reconciliation and default notices resolution
  • 26AS and AIS matching for vendors and employees
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TDS & TCS Compliance
by BYF Consulting LLP
Response Time
Within 24 Hours
Service Coverage
Pan India — Remote
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Our Process

How We Deliver This
Service — Step by Step

1

TDS Computation

We review all your payments — salaries, contractor payments, rent, interest — and compute TDS liability.

2

Monthly Deposit

We ensure TDS is deposited via Challan 281 before the 7th (or 30th for March) of the following month.

3

Quarterly Returns

We prepare and file 24Q/26Q returns on TRACES by the due date (31 July, 31 October, 31 January, 31 May).

4

TDS Certificates

We generate and issue Form 16 (employees) and Form 16A (others) within the prescribed timeline.

Questions Answered

Frequently Asked
Questions

What is the due date for TDS payment?▾
TDS must be deposited by the 7th of the following month. For March deductions: by 30th April.
What is the penalty for not deducting TDS?▾
If TDS is not deducted: 1% interest per month on the TDS amount. If deducted but not deposited: 1.5% per month. Additionally, expenses may be disallowed under Section 40a(ia).
What is Form 26AS?▾
Form 26AS is a consolidated tax credit statement showing all TDS deducted, advance tax paid, and self-assessment tax on your PAN.
What is a Lower Deduction Certificate?▾
A certificate under Section 197 allowing the deductee to receive payment with lower or nil TDS deduction, applicable when their overall tax liability is lower.
Is TDS required on payments to freelancers?▾
Yes — TDS at 10% under Section 194J applies to payments to professionals/freelancers exceeding ₹30,000 in a year.
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Reply to IT Notice

TRACES defaults and notices — handled by our team.

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