Taxation Advisory Pillar

TDS & TCS Compliance & Quarterly Returns

Structured tax deduction records, challan reconciliations, and quarterly statements.

Service Overview & Objectives

Ensure accurate tax deduction at source (TDS) and collection at source (TCS), timely challan verification, quarterly 24Q/26Q statement filings, and Form 16/16A generation.

Detailed Service Specification

What This Service Covers (Scope & Deliverables Matrix)

7 Comprehensive Deliverables

#	Scope Deliverable & Execution	Execution Cycle	Advisor Oversight	Standard
01	Section-wise TDS computation on vendor payments (194C, 194J, 194I, 194H, 194Q)	Monthly Retainer	Senior Partner Led	100% Verified
02	Salary TDS computation and monthly deduction advice (Section 192)	Quarterly / Annual	Senior Partner Led	100% Verified
03	TCS calculation on sale of goods (Section 206C) and remittance monitoring	Continuous Milestone	Senior Partner Led	100% Verified
04	Monthly Challan ITNS-281 verification and payment coordination	Monthly Retainer	Senior Partner Led	100% Verified
05	Quarterly TDS return preparation and filing (Form 24Q salary, Form 26Q non-salary)	Quarterly / Annual	Senior Partner Led	100% Verified
06	TRACES reconciliation, Justification Report analysis, and default resolution	Continuous Milestone	Senior Partner Led	100% Verified
07	Generation and issuance support for Form 16 (Part A & B) and Form 16A	Monthly Retainer	Senior Partner Led	100% Verified

100%

Timely Execution

Zero default penalties

MIS

Structured Reports

Board-ready financial packs

24/6

Direct WhatsApp Desk

Senior Partner consultation

Required Documents Checklist

Pre-Requisites

To initiate advisory and statutory execution smoothly without regulatory bottlenecks, please prepare the following corporate records:

1 Monthly salary registers with investment declaration summaries

2 Vendor payment registers with PAN details and applicable section tags

3 Challan payment BSR codes, challan numbers, and deduction dates

4 TRACES portal login credentials and prior return acknowledgement copies

Our Step-by-Step Engagement Process

Monthly Scrutiny

Identify TDS/TCS deductible transactions from books before payment due dates.

Challan Verification

Ensure accurate payment under correct minor/major heads before the 7th of every month.

Quarterly Compilation

Compile quarterly return files, run CSI file validation, and submit returns.

Certificate Issuance

Download digitally signed Form 16/16A from TRACES for onward distribution.

Regulatory Boundary & Professional Scope

Timely filing prevents penal late fees under Section 234E (₹200/day). Clients must provide valid PAN details for payees to avoid higher deduction rates under Section 206AA.

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