Advance Tax & TDS Compliance

TDS works on the concept that every person making specified type of payments to any person shall deduct tax at the rates prescribed in the Income-tax Act at source and deposit the same into the government's account.

The person who is making the payment is responsible for deducting the tax and depositing the same with government. This person is known as 'deductor'. On the other hand, the person who receives the payment after the tax deduction is called 'deductee'.Form26AS is a statement which shows the amount of tax deducted and deposited in a person's name/PAN in a particular financial year.

What Is TDS

Advance Tax is payable when tax due in a year exceeds ₹10,000. TDS (Tax Deducted at Source) is a mechanism to collect taxes in advance from specified payments.

Why It Matters:

  • Prevents interest under Sections 234B/234C
  • Mandatory for business owners, landlords, consultants
  • Ensures compliance with Form 26AS & AIS

We Help You:

  • Calculate advance tax installments
  • Deposit TDS/TCS and file quarterly returns (24Q, 26Q, 27EQ)
  • Generate Form 16/16A
  • Reconcile with 26AS, AIS, and Form 16
FAQs

Frequently Asks Questions

As per Section 206 of Income Tax Act all corporate and government deductors are compulsorily required to file their TDS return on electronic media (i.e. e-TDS returns). However, for other Deductors, filing of e-TDS return is optional.
An e-TDS return should be filed under Section 206 of the Income Tax Act in accordance with the scheme dated 26.8.03 for electronic filing of TDS return notified by the CBDT for this purpose. CBDT Circular No.8 dated 19.9.03 may also be referred.
The CBDT has appointed the Director General of Income-tax(Systems) as e- Filing Administrator for the purpose of the Electronic Filing of Returns of Tax Deducted at Source Scheme,2003.

CBDT has appointed National Securities Depository Ltd., Mumbai as e-TDS Intermediary.

No separate CD/floppy should be used for each return.

e-TDS returns can be filed at any of the TIN-FC opened by the e-TDS Intermediary for this purpose. Addresses of these TIN-FCs are available at the website on www.incometaxindia.gov.in.in or at www.tin-nsdl.com.
Yes eTDS return can be filed online under digital signature.

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