Practice Brief • Income Tax & Direct Taxation
TDS Return Filing & Withholding Tax Compliance
Quarterly TDS filings (24Q, 26Q, 27Q), Form 16/16A generation, and lower deduction certificates (Section 197).
Turnaround: Quarterly filing cycles; 24 hours for correction statements
Practice Lead: CA. R.A. Dhoot & Direct Tax Practice Team
Practice Methodology & Regulatory Scope
Failure to deduct or deposit TDS results in a 30% disallowance of expenditure under Section 40(a)(ia) plus monthly interest under Section 201(1A). We maintain a rigorous monthly withholding schedule, file error-free quarterly returns, and eliminate TRACES demand notices.
Governing Statutory Acts & Guidelines
Chapter XVII-B of Income Tax Act 1961
TRACES Portal Rules
Section 197 (Lower TDS)
Section 206AB / 206CCA Verification
Tangible Client Deliverables
1
Quarterly TDS return filing: Form 24Q (Salary), Form 26Q (Vendor/Rent), Form 27Q (Non-Resident)2
Form 27EQ (TCS returns for scrap, motor vehicles, e-commerce, LRS)3
Generation and digital signing of Form 16 (Part A & B) and Form 16A4
Filing Correction Statements on TRACES for PAN error and challan mismatch5
Application for Lower / Nil TDS Certificate in Form 13 under Section 197Measurable Enterprise Safeguards
Prevention of 30% expense disallowances under Section 40(a)(ia)
Elimination of late filing fees under Section 234E (₹200/day)
Automated compliance with higher TDS rate verification under Section 206AB
Statutory Practice FAQs
Q: What is the consequence of late filing of TDS returns?
A: Under Section 234E, a statutory fee of ₹200 per day is levied for every day of delay until the return is filed, capped at the amount of TDS deductible. In addition, penalties under Section 271H ranging from ₹10,000 to ₹1,00,000 can be imposed.
Partner Consultation
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Designated Partner Lead:
CA. R.A. Dhoot & Direct Tax Practice Team
ICAI Fellow Chartered Accountant
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