somesh@sschandak.com
Thane | Mumbai | Bangalore
Mon-Sat: 10AM-7PM

TDS is the compliance where small process failures compound fastest — a wrong section here, a late deposit there, and suddenly interest, late fees and disallowance risk sit on top of vendor disputes over certificates. A controlled monthly cycle keeps deduction, deposit, return and certificate in one auditable line.

When this service is typically required

  • Salaries, contractor payments, rent, professional fees or commission cross TDS thresholds
  • Goods purchases attract 194Q — how 194Q works
  • Quarterly returns are due — the new forms under the 2025 Act
  • TRACES demands (short deduction/late fee) have accumulated unattended
  • Property purchase, NRI payments or foreign remittances trigger one-off obligations (26QB, 195, 15CA/CB)

Indicative scope

  • Monthly TDS computation by section and threshold, challan deposits by the 7th
  • Quarterly return preparation and filing; PAN/rate validation before submission
  • Form 16/16A generation and distribution from TRACES
  • TRACES demand reconciliation and correction statements
  • Lower-deduction certificate (197) applications where justified

Key points at a glance

ItemPosition
DepositBy the 7th of the following month (30 April for March, non-government)
Quarterly returns31 July / 31 October / 31 January / 31 May
Late filing fee₹200 per day under 234E, capped at the TDS amount
Late deduction/deposit interest1% / 1.5% per month respectively
New-Act mappingSections renumbered from FY 2026-27 — old→new mapping

Deliverables

Filed returns with acknowledgements, challan-mapping working papers, issued certificates, a demand-status tracker at zero-or-explained, and a section-wise deduction register your auditor can tie to the ledger.

Information and documents generally required

Payment and expense ledgers, vendor PANs and declarations, salary structures and investment proofs for 192, prior returns and TRACES access, and agreements for rent/contract/professional payments where classification matters.

Engagement process

01 · Setup reviewSections, thresholds and vendor master validated once.
02 · Monthly cycleCompute → deposit → reconcile challans.
03 · Quarterly filingReturn validated and filed; certificates issued.
04 · Demand hygieneTRACES checked after each filing; corrections filed.

Client responsibilities, assumptions and reliance

Complete payment data and vendor PANs on the agreed calendar are the client's side of the bargain; classification calls are recommended in writing where payments sit near section boundaries.

Scope exclusions

TDS assessments/appeals, 26QB/195 one-off transactions and 15CA/CB certification are scoped separately (available as distinct services). Past-year demand clean-ups are a defined project, not part of the monthly retainer by default.

Frequently asked questions

Vendors are refusing tax deduction. Can we skip TDS?

No — the deductor bears the liability, interest and disallowance risk. Where a vendor claims exemption or lower rate, the law provides specific routes (declarations, 197 certificates); those are implemented, not informal skips.

We discovered months of missed TDS. Now what?

Quantify honestly: deduct/deposit with interest, file or correct returns, and document the remediation. Voluntary correction before a notice is materially cheaper than after.

Can old TRACES demands be removed?

Many demands are challan-mapping or PAN errors curable by correction statements; genuine shortfalls need payment. Each line is classified before anything is promised — no blanket assurances.

Do you handle salary TDS with proof verification?

Yes — 192 computation with declared regimes, proof verification at year-end, and Form 16 issuance are within the payroll-TDS scope.

What changes under the Income-tax Act, 2025?

From FY 2026-27 the operative sections and return forms changed while the mechanics largely carried over. Filings are made under the new provisions with the mapping documented in the working papers.

Discuss this requirement

The applicable scope, documentation, professional responsibilities and timelines are agreed in an engagement letter before commencement.

TDS on Property / NRI PurchaseForm 15CA/15CBPayroll ComplianceRequest a Scope Discussion

This page describes the service in general terms as on 6 August 2026 and is not professional advice or an assurance of any outcome. Registrations, filings, refunds and departmental outcomes depend on facts and the concerned authority. Figures and due dates change; verify current positions before acting.

Filing season — AY 2026-27ITR filing for FY 2025-26 is on: non-audit due 31 July 2026, audit cases 31 October 2026. Reconcile AIS/26AS before you file.How to choose the right ITR form →
Key due dates at a glance — FY 2026-27
ComplianceDueNote
ITR (non-audit)31 July 2026Belated/revised until 31 Dec 2026
Tax audit report30 September 2026Form 3CA/3CB-3CD
ITR (audit cases)31 October 2026TP cases: 30 November
Advance tax instalments15 Jun / 15 Sep / 15 Dec / 15 MarInterest u/s 234C for shortfall
TDS returns (24Q/26Q)31 Jul / 31 Oct / 31 Jan / 31 MayLate fee Rs 200/day u/s 234E

Dates as generally applicable on 15 July 2026; extensions/notifications can change them — confirm current dates before relying.

What's Included

  • Monthly TDS computation by section and threshold, challan deposits by the 7th
  • Quarterly return preparation and filing; PAN/rate validation before submission
  • Form 16/16A generation and distribution from TRACES
  • TRACES demand reconciliation and correction statements
  • Lower-deduction certificate (197) applications where justified

Our Process

1
Setup review

Sections, thresholds and vendor master validated once.

2
Monthly cycle

Compute → deposit → reconcile challans.

3
Quarterly filing

Return validated and filed; certificates issued.

4
Demand hygiene

TRACES checked after each filing; corrections filed.

Get Started

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