Home / TDS & Withholding Tax Services
Updated on 24 Oct 2020 9.00 AM IST | 4 min read
TDS & Withholding Tax Services Overview
TDS (Tax deducted at source) - TDS means tax deducted at source. This tax is deducted from the income of an individual. The tax deducted at source must be deposited to the government by 7th of the subsequent month. TDS deducted in the month of July must be paid to the government by 7th august whereas TDS deducted in the month of March can be deposited till 30th April. You must follows TDS compliances to avoid fines, penalties etc.
- TDS rates
- TDS provisions
- Due date or deadline of submitting TDS
- Details about Fines, penalties etc.
Withholding tax – Withholding tax is a tax collected by an employer by withholding a certain amount from employee’s wages and paid directly to the central government of India. This tax is also levied on income (interest or dividends) from securities owned by a non-resident. It also includes other income paid to non-residents of a country. The most important benefit of withholding tax is that there is no possibility of tax evasion in this case. Withholding taxes are applicable on sources of income such as salary, commission, rent, work contract, interest, business income, professional services, technical services etc. It is also called as retention tax. You must follow withholding tax compliances to avoid fines, penalties etc.
To follow withholding tax compliances, you need to take care of the following things mentioned below-
What Is Included In Our Package?
Tax Deducted at Source (TDS) and Withholding Tax Services
- TDS compliances
- Withholding tax compliances
Benefits of Tax Deducted at Source (TDS) and Withholding Tax for Business
How Finacbooks Can Help?
Finacbooks is one of the leading Indian firms with more than 10 years of experience in advising individuals and businesses by providing them information regarding TDS compliances as well as withholding tax compliances and why it is so important for you. To get the best advice on TDS & withholding tax compliances. Kindly call us at 8800221252 or you can also e-mail us at email@example.com
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GSTR 3B for August 2020 (15 States/UT’s - Chhattisgarh, MP, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, TN, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh) Oct 1st, 2020
GSTR 3B for August 2020 (22 States/UT’s - Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi) Oct 3rd, 2020
GSTR 1 for September 2020 (turnover more than INR. 1.50 Crore) Oct 11th, 2020
Monthly GSTR 6 for September 2020 Oct 13th, 2020
Monthly GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited) for September 2020 Oct 10th, 2020
Monthly GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators) for September 2020 Oct 10th, 2020
CMP 08 for July to September 2020 Oct 18th, 2020
GSTR 5 (Non-Resident Foreign Taxpayers) Monthly Filing Due Date for September 2020 Oct 20th, 2020
GSTR 5A (Non-Resident OIDAR Service Provider) Monthly Filing Due Date for September 2020 Oct 20th, 2020
GSTR 3B for September 2020 (Annual Turnover of more than Rs 5 Cr in Previous FY) Oct 20th, 2020
GSTR 9 and 9C (Annual Return) FY 2018-19 Dec 31st, 2020
GSTR 1 (Quarterly) for July to September (Summary of outward supplies where turnover is upto Rs 1.5 crore) Oct 31st, 2020
Annual GSTR 4 for FY 2019-20 Oct 31st, 2020