TDS/TCS Compliance

TDS and TCS compliance requires businesses to deduct or collect tax on specified transactions and file quarterly returns with the Income Tax Department. This process involves maintaining proper records, generating challans, and reconciling data.

Why Choose Codrak Solutions:

• Expert handling of TDS/TCS deductions and filings
• Assistance with challan generation and payment
• Support in reconciliation of TDS/TCS statements
• Reliable compliance solutions for businesses of all sizes

With us, your TDS and TCS compliance becomes smooth, timely, and stress-free.

Managing TDS and TCS requires accuracy and timely submissions. Our structured process ensures full compliance and minimizes risks.

1. Initial Review – Understanding your business transactions and tax applicability.

2. Data Collection – Gathering invoices, challans, and relevant records.

3. Return Preparation – Preparing TDS/TCS returns in prescribed formats.

4. Return Filing – Filing quarterly TDS/TCS returns on time.

5. Reconciliation & Support – Matching challans, Form 16/16A issuance, and handling notices.

This step-by-step approach ensures error-free and compliant TDS/TCS filings.

Accurate documentation is essential to file TDS/TCS returns correctly. Submitting the right records helps avoid mismatches and penalties.

• TAN Registration Certificate
• PAN of Deductor and Deductees
• Details of Payments/Receipts liable for TDS/TCS
• Challan Copy of Tax Deposited (if applicable)
• Salary Details (for employee TDS)
• Previous TDS/TCS Returns (if applicable)

With proper documentation, your TDS/TCS compliance becomes accurate and hassle-free.