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TDS Return filing Services

TDS Return Filing Services in Gurgaon with Sterling Tax Partners

We, at Sterling Tax Partners have a responsibility to serve clients with integrity, objectivity, professional competence and due care, confidentiality and professional behaviour while adhering to all applicable professional standards and, thereby, contributing to the soundness of the tax system. Our reputation depends on integrity and achieving high quality, sustainable value. Sterling Tax partners

  • act in accordance with the law and with regulatory requirements to meet TDS return filing.
  • advise on the basis of proper disclosure as required by those laws or requirements; follow applicable technical standards;
  • work with tax regulators to build trust and contribute to policy discussions with the aim of building a constructive dialogue and promoting an informed decision making process;
  • respect the privacy and confidentiality of information that is entrusted to our people unless to do so would be contrary to law;
  • follow processes and procedures to identify and address any actual or potential conflicts of interests; and
  • comply with professional standards and applicable codes of conduct while TDS return filing and meeting other TDS compliance requirements.

We at Stering Tax Partners not only help client in TDS return filing services in Gurgaon but also provide tax efficient advice to client.

  • Help the client to convert complexity into opportunities
  • Tax advice is always given basis fact and circumstances and as per law
  • We also advise the client appropriate option available under law.

Sterling helps the individual, corporate, local bodies, Charitable trust, LLP, partnership firm & proprietorship to file their TDS return and meet other related compliance in an efficient manner.
We help to maximize the benefits and help to reduce the tax burden with Government tax efficient scheme of Government.

Quarterly TDS Return

TDS return filing is not only filing but applying correct TDS rate, making sure payment of TDS on due date, proper deduction of TDS from payee accounts so that burden does not fall on payer.

Due date and filing frequency for TDS Returns filing

Tax Deducted at Source returns are submitted quarterly.
Quarterly statements of taxes withheld are required to be filed electronically with the tax authorities on or before 31 July, 31 October, and 31 January for the first three quarters of the tax year and on or before 31 May following the last quarter of the tax year.

Various forms for TDS return filing

The type of Tax Deducted at Source return form depends on the nature of the payment:

  • Form 26Q: For all payments except salaries.
  • Form 24Q: For TDS deducted from salaries.
  • Form 27Q: For TDS on payments to non-residents (except salaries).
  • Form 26QB: For TDS on the sale of property (filed within 30 days of deduction).
  • Form 26QC: For TDS on rent payments (filed within 30 days of deduction).

We at sterling not only help to file TDS return but also  generating the form that need to be issued to employee and payees

TDS Certificate

Form 16: 15th June every year
Form 16A: 15th of the month following the due date for quarterly TDS returns 
Form 16B: within 15 days from the due date of furnishing form 26QB
Form 16C: within 15 days from the due date of furnishing form 26QC

Consequence of non-compliance of TDS Provisions

Under the Income Tax Act 1961, almost all the payments are subject to either deduction of tax(TDS) or collection of tax(TCS). Various returns and compliance obligations are attached to TDS/TCS. If there is any default in such compliance, there is penalty and interest liability. Therefore, it is important to conduct correct and timely compliance of TDS/TCS return filing. In this increasing digital and technology world, it is worthwhile to consider outsourcing of these compliance obligations to partners at Sterling Tax Partners.
We at sterling always push ourselves and client to meet compliance within due timeline. Consequence of non-compliance of TDS Provisions are as follow.

  • Disallowance Under section 40(a)(ia) of the Act.
  • Interest u/s 201(1A) 1% per month for non-deduction and 1.5% for non-payment.
  • Late fees u/s 234E for non-filing of TDS statement 200 per days during which default continue.
  • Penalty for non-payment of TDS or non-filing of TDS return.
  • Prosecution not less than 3 month but may be extended to seven years for non-payment of TDS pursuant to section 276B of income tax act  in some specified case.

Why Sterling Tax Partners for TDS return filing/compliance

  • Expert at Sterling Tax Partners evaluate each and every transaction with respect to TDS applicability for TDS return filing/compliance.
  • We not only file the return but also leverage the knowledge of client and their team so that payment to payee made post deduction of due TDS.
  • We also assist the client to make documentation in respect of TDS on payment to non-resident.
  • For filing the TDS return, we also do the reconciliation of TDS/TCS with books of accounts
  • Our exert at Sterling not only file TDS return but also keep track of error/any demand/notice post filing of TDS return.
  • We also assist client to make repository for TDS/TCS returns, challans, forms, notices, acknowledgements and certificates etc.
  • We help for TDS returns filing / to meet TDS compliance through latest technology enabled software to avoid manual intervention
  • Sterling Tax Partners help client with TDS/TCS reconciliation with 26AS also.