TDS / TCS ReturnPromotional
Quarterly TDS and TCS returns, challan reconciliation, Form 16 / 16A certificates and correction statements on TRACES, filed on time.
- Estimate Cost
- ₹1,500 – ₹10,000 Concessional Price
- Typical duration
- 3 days
Service overview
- Compliance with Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) regulations is strictly monitored by tax authorities. The TDS
- TCS Return service ensures timely quarterly return filings, accurate challan reconciliations, and error-free certificate generation.
Who needs it? / When is it needed?
- Corporate entities, partnership firms, and businesses mandated to deduct tax on payments such as salary, rent, professional fees, and contractor charges.
- Businesses collecting tax at source on specified goods sales or commercial transactions.
- Organizations dealing with quarterly mismatch errors, default notices, or delayed TDS payment penalties.
What to expect from the WCP Professionals
- Pre-Filing Challan & Ledger Reconciliation: WCP professionals cross-check your accounting ledgers against deposited tax challans to eliminate mismatch errors before filing.
- Precision Quarterly Return Preparation: WCP professionals prepare accurate TDS/TCS returns (Form 24Q, 26Q, 27Q, 27EQ) ensuring correct PAN and rate application.
- Seamless TRACES Portal Uploads: WCP professionals validate files using FVU software and upload quarterly returns securely onto the TRACES portal without delay.
- Form 16/16A Generation & Issuance: WCP professionals generate and distribute accurate tax deduction certificates to your employees, vendors, and contractors promptly.
- Default Notice & Short-Payment Resolution: If TRACES flags short-deduction or interest defaults, the team files immediate correction statements to clear them.
Key deliverables
- Quarterly TDS/TCS Return Filing Acknowledgment
- Validated Form 16, 16A, and 27D Certificates
- Challan Reconciliation and Mismatch Report
- TDS Default Correction Statements (where required)
Standard turnaround time
Turnaround spans from 24 to 48 hours for standard quarterly filings upon receipt of reconciled data.
Government fees, timelines & key outcomes
- Late filing fee of Rs 200 per day (Section 234E) up to the amount of TDS; interest at 1 percent per month on non-deduction and 1.5 percent on late deposit. Penalty of Rs 10,000 to Rs 1 lakh for non-filing (Section 271H).
- Timelines begin once complete ledger dumps, deduction details, and challan receipts are provided.
- TRACES processing is controlled by the tax department and cannot be guaranteed, but filings are optimized for immediate acceptance.
Forms & filings involved
- Form 24Q — TDS on salaries
- Form 26Q — TDS on other resident payments
- Form 27Q — TDS on payments to non-residents
- Form 27EQ — TCS
- Form 16 and 16A certificates downloaded from TRACES
- Correction statements for challan or PAN mismatches
Quarterly returns are due by 31 July, 31 October, 31 January and 31 May. For tax year 2026-27 onwards the forms notified under the Income-tax Rules, 2026 apply.
Documents required
- Accounting ledgers showing vendor payments, salaries, rent, and professional fees
- Tax payment challans (BSR code, challan serial number, date, and amount)
- Deductee PAN master list and historical TDS return backups
What we need from you
- Provide unedited expense ledgers, deduction sheets, and challan copies before statutory quarterly due dates.
- Share TRACES portal user credentials and digital signatures promptly.
Important conditions
- Delayed TDS/TCS filings attract heavy statutory late fees (under Section 234E) and compounding interest liabilities.
- Inaccurate PAN data provided by vendors can trigger high-rate TDS default notices under Section 206AA.
Additional information
Diligent TDS and TCS management protects your business from departmental default notices, maintains vendor satisfaction, and ensures flawless corporate compliance.
The estimated cost covers indicative professional fees only. Government fees, stamp duty and taxes are payable at actuals.
How it works
- 1. Raise a service enquiry describing your requirement.
- 2. A Relationship Manager reviews it and opens it for bidding.
- 3. Pay into escrow and assign the professional you select.
- 4. Track progress to completion, then accept and release payment.
Frequently asked questions
When are TDS returns due?
Quarterly, by 31 July, 31 October, 31 January and 31 May for the four quarters.
What is the late fee for TDS returns?
₹200 per day under Section 234E until the return is filed, capped at the amount of TDS, plus a possible penalty of ₹10,000 to ₹1 lakh under Section 271H.
What happens if TDS is deducted but deposited late?
Interest is charged at 1.5% a month from the date of deduction to the date of deposit.
How do I fix a TDS mismatch?
By filing a correction statement on TRACES to correct the PAN, challan or amount details so that the deductee gets credit.