Businesses in Bandra Kurla Complex trust us to handle Form 24Q, 26Q, and 27EQ filings before every due date, with zero short-deduction notices.
Every employer, contractor, and business that makes specified payments must deduct tax at source and deposit it with the government within the prescribed timeline. Missing a deposit date or under-deducting triggers interest under Section 201 and a potential short-deduction demand. Suhas Patil & Co maps every payment category your business makes to the correct TDS rate, ensuring the right amount is deducted from salaries, professional fees, rent, and contractor payments each month.
We prepare and file quarterly TDS returns in Form 24Q for salary deductions, Form 26Q for non-salary payments to residents, and Form 27EQ for tax collected at source. Each return is reconciled against your challans before submission so that Form 26AS reflects correctly for your deductees, preventing downstream ITR mismatches for your employees and vendors.
A late TDS return attracts a fee of Rs 200 per day under Section 234E, capped at the TDS amount itself. An incorrect PAN in the return makes the deduction disallowable in the deductee's hands, leading to notices for both parties. Our team cross-checks PAN data against the deductee master before filing and generates Form 16 and Form 16A from the filed return data, giving your employees and vendors clean, download-ready certificates on time.
We collect your salary registers, vendor invoices, and payment ledgers for the quarter and categorise each payment under the applicable TDS section.
Deductions are computed at the correct rates, matched against challan deposits, and any shortfall is flagged before the return is prepared.
The quarterly return is prepared in the RPU utility, validated, and filed on the TRACES portal before the due date, with the acknowledgement shared with you immediately.
After filing, we generate deductee certificates from TRACES and deliver them to you for distribution to employees and vendors.
For most quarters, the due date is 31 July, 31 October, 31 January, and 31 May respectively. The last quarter (January to March) has a later deadline of 31 May. We track these dates and file well in advance.
Interest at 1.5 percent per month is levied under Section 201(1A) from the date of deduction to the date of deposit. Additionally, the expense may be disallowed in your income tax computation under Section 40(a)(ia).
Yes. Correction statements can be filed on the TRACES portal to fix PAN errors, challan mismatches, or deductee details. We handle correction filings and coordinate with TRACES for any demand rectifications.
Yes. We prepare Form 26QB for TDS on immovable property transactions and file it within 30 days of the month in which the deduction is made, and then generate Form 16B for the seller.
TCS is collected by the seller on specified goods and transactions, while TDS is deducted by the payer. We file Form 27EQ for TCS returns and handle both obligations for businesses that have both requirements.
Speak with our team in Bandra Kurla Complex about your quarterly TDS obligations and let us take the compliance off your plate.
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