TDS / Withholding Tax Services
Ensure Timely Deductions, Accurate Returns, and Total Compliance
Tax Deducted at Source (TDS) is a crucial part of the Indian taxation system that ensures consistent government revenue while minimizing tax evasion. At GlobalTaxTrix, we provide comprehensive TDS compliance services, ranging from registration to return filing. We help businesses and professionals remain compliant, avoid penalties, and manage their finances efficiently.
What is TDS?
TDS, or Withholding Tax, is the tax deducted at the time of making specific payments, such as salaries, rent, professional fees, interest, or contractual payments. The deducted amount must be deposited with the government by the due date, and quarterly returns must be filed accordingly.
Who Needs to Deduct TDS?
- Companies, Limited Liability Partnerships (LLPs), and partnership firms
- Individuals and Hindu Undivided Families (HUFs) who are subject to a tax audit in the previous year
- Anyone making specified payments exceeding the threshold limits defined by the Income Tax Act
Form 16 / Form 16A Generation
- Employee Form 16 for salary TDS
- Vendor Form 16A for professional and contractual payments
TDS Notice Handling & Advisory
Expert support for handling TDS mismatches, defaults, and demand notices. Advisory on TDS applicability, threshold limits, and deduction rates.
Common Payments Attracting TDS
- Salaries
- Rent (residential or commercial)
- Professional and technical fees
- Contractual payments
- Commission or brokerage
- Interest (loans, deposits, etc.)
- Purchase of immovable property
Why TDS Compliance Matters
- Mandatory under the Income Tax Act
- Helps avoid interest, late fees, and prosecution
- Ensures smooth Income Tax Return (ITR) filing for deductees
- Builds financial credibility and transparency
- Legal requirement for businesses and audit-qualified individuals
Ensure Complete TDS Compliance With Confidence
TDS is a high-risk area for scrutiny, making accuracy and timeliness crucial. Let GlobalTaxTrix manage your TDS compliance so you can focus on growing your business.
GLOBAL TAX TRIX
Empowering businesses with expert financial, legal, and compliance solutions.