What is TDS?

TDS stands for Tax Deducted at Source. It is the amount that is paid at the source of the supply that’s been purchased or a service that’s been availed, if it exceeds a certain threshold.

TDS is deducted on the following types of payments:

  • Salaries
  • Interest payments by banks
  • Rent payments
  • Professional fees
  • Consultation fees

The following individuals are delegated with the duty of deduction of tax at source:

  • A department of the Central Government or State Government
  • A local authority
  • Governmental agencies
  • A board or any other body

Established by any Government:

  • Society established by the Central Government, State Government, or a Local Authority under the Societies Registration Act, 1860
  • Public sector undertakings
  • With fifty-one percent or more participation by way of equity or control

No deduction shall be made if the location of the supplier and the place of supply is in a State or Union territory which is different from the State or Union territory of registration of the recipient.

What is TCS?

TCS is the Tax Collected at Source. It is a mechanism where the receiver extracts a certain amount as tax of the payer and transfers it to the government revenue.

What services do we provide?

  • Receive e-TDS and TCS returns from deductors and collectors. We then upload it on the TIN central system.
  • Receive TDS and TCS returns in physical form from non-corporate, non-government deductors and collectors. We then upload it on the TIN central system.