Introduction:
Simplifying TDS & TCS Compliance for You
Managing taxes in India can be a
daunting task, especially when it comes to TDS (Tax Deducted at Source)
and TCS (Tax Collected at Source). Whether you’re a salaried
professional, a freelancer, a startup, or a well-established business,
understanding your obligations under the Income Tax Act can be overwhelming.
Mistakes like late filing, incorrect challans, mismatches in Form 26AS, or
delayed deposits can attract heavy penalties, interest, and scrutiny notices—causing
unnecessary stress and financial strain.
At Manika TaxWise, we
understand the challenges of TDS and TCS compliance. With over 11 years of
experience in taxation, audit, and compliance, we provide tailored
solutions that not only help you stay compliant but also save time, reduce
risks, and optimize your tax planning. Our goal is simple: to provide you with
peace of mind, ensuring your tax processes are accurate, timely, and
stress-free.
Unlike other service providers who
focus purely on filing, we guide you throughout the entire TDS/TCS lifecycle—from
challan preparation and payment to Form 16/16A generation, correction
statements, and advisory support. With Manika TaxWise, you don’t just get
compliance; you get a reliable partner who keeps your taxes in safe hands.
Our
Services: Comprehensive TDS & TCS Solutions
TDS and TCS compliance isn’t
one-size-fits-all. Every business and professional has unique requirements.
That’s why at Manika TaxWise, we provide customized services that cover
the entire spectrum of TDS and TCS compliance.
1.
TDS & TCS Return Filing
Filing returns accurately is crucial
to avoid penalties. We handle quarterly TDS and TCS return filings in:
- Form 24Q (salary payments)
- Form 26Q (non-salary payments)
- Form 27Q (payments to non-residents)
- Form 27EQ (TCS returns)
We ensure your returns perfectly
match Form 26AS, eliminating chances of rejection or discrepancies.
Example: Imagine you’re a startup paying multiple vendors. One wrong
PAN or mismatched challan can trigger scrutiny. Our team ensures every return
is error-free and aligned with your records, so you never face
penalties.
2.
TDS Payment & Challan Preparation
Paying TDS on time and accurately is
as important as filing returns. Our team assists with:
- Challan generation via ITNS 281
- Online payment through the NSDL portal
- Proper crediting of payments to the correct TAN
We ensure your payments are recorded
accurately, saving you from future disputes with the tax authorities.
3.
Form 16 & Form 16A Generation
Issuing the correct certificates is
critical for both employers and recipients:
- Form 16:
For salaried employees
- Form 16A:
For non-salary deductions like contractor payments
We provide digital certificates
with complete accuracy, ensuring your employees, vendors, and contractors
have the proper documentation for filing their returns.
Pro Tip: Even minor errors in Form 16, like incorrect PAN or income
details, can lead to employee queries or even tax notices. We handle all
validations to ensure smooth filing.
4.
Lower/Nil Deduction Certificates (Section 197)
Did you know businesses can apply
for lower or nil TDS deductions under Section 197? This is a common
strategy to improve cash flow, especially for companies with high vendor
payments or recurring contracts.
Our services include:
- Assistance in applying for Section 197 certificates
- Guidance on documentation required
- Ensuring approvals are obtained before deductions
5.
Correction & Compliance Review
Mistakes happen, and filing errors
are more common than you think. If you’ve already filed returns but notice:
- PAN mismatch
- Challan mismatch
- Incorrect deductions
…we step in to identify, correct,
and file amendments. Our proactive approach minimizes the risk of penalties
or interest charges.
Case Study: A client once reported vendor payments with incorrect TAN
details. Filing corrections manually could have taken weeks, but our team
rectified everything within 48 hours, saving the client from penalties and
stress.
6.
Tax Advisory Services
TDS and TCS aren’t just about
compliance—they’re also a tool for smart tax planning. Our advisory
services include:
- Guidance on applicability of TDS/TCS
- Identification of eligible exemptions
- Planning strategies to avoid overpayment or
underpayment
This ensures that you retain
maximum cash flow, while staying fully compliant.
✅ Every service is executed with
accuracy, documentation, and timely submission—so deadlines are never an issue.
Why
TDS & TCS Compliance Matters
Some people assume TDS/TCS is a
routine formality. But the Income Tax Department monitors these deductions
rigorously. Non-compliance can have serious consequences:
- Late filing penalties: ₹200 per day under Section 234E
- Interest charges:
Section 201 interest for delayed payment
- Disallowance of expenses: Deductible payments are denied if TDS isn’t deducted
or paid
- Notices and assessments: From mismatched or missing entries
By outsourcing to experts like
Manika TaxWise, you eliminate risk and avoid last-minute panic. We stay
proactive, so deadlines, calculations, and filings are all handled seamlessly.
Why
Choose Manika TaxWise?
With so many options out there, you
might wonder, “Why Manika TaxWise?” The answer is simple: trust, expertise,
and personalized solutions.
1.
Trust & Transparency
- No hidden charges
- Clear communication in simple terms
- Upfront pricing
2.
Proven Expertise
- 11+ years in taxation, accounting, and compliance
- Experience handling both simple and complex cases
3.
Affordable Pricing
- Quality service without breaking the bank
- Ideal for startups, small businesses, and
freelancers
4.
On-Time Delivery
- Never miss deadlines
- Peace of mind for all quarterly filings
5.
Personalized Solutions
- We analyze your unique needs
- Customized TDS/TCS solutions, not generic templates
6.
Long-Term Support
- Continuous assistance even after filing
- Corrections, notices, and reminders included
Tip: Many clients appreciate our proactive follow-up, like
reminders for future filings and Section 197 applications, which help maintain
smooth operations.
Our
Process: Simple, Fast, Client-Friendly
We’ve designed a streamlined,
four-step process to make your compliance journey effortless:
- Consultation
- Reach us via call, WhatsApp, or email
- Share PAN/TAN details and documents
- Analysis
- We review your records
- Identify applicable TDS/TCS sections
- Calculate liabilities accurately
- Execution
- Challans, returns, and certificates prepared
- All submissions match Form 26AS records
- Post-Filing Support
- Corrections, notice handling, and due date reminders
Result: Minimal effort on your part, maximum compliance assurance.
Testimonials:
Our Clients Speak
💬 “Manika TaxWise made my
TDS filing smooth and stress-free. I didn’t worry about deadlines or penalties.”
– Rajesh, Business Owner
💬 “Very professional and
affordable. They explained everything clearly and filed my returns on time.” – Priya,
Freelancer
💬 “I used to struggle with
challans and Form 16. Now, everything is managed seamlessly. Highly recommend
their services!” – Amit, HR Manager
Hundreds of clients across India
trust us because we simplify compliance without compromising accuracy.
Pricing
& Packages
We believe high-quality
compliance shouldn’t be expensive. Our pricing is transparent and flexible:
- Number of deductees
- Complexity of transactions
- Type of returns (salary, non-salary, TCS)
- Additional advisory or correction requirements
Example Packages:
|
Package
Type |
Ideal
For |
Features |
|
Basic |
Small business, <10 employees |
TDS return filing, challan preparation, Form 16/16A
issuance |
|
Standard |
Medium business |
Includes advisory, Section 197 application assistance |
|
Premium |
Large enterprise |
Full-service compliance, corrections, post-filing
support, dedicated account manager |
Whether you’re a startup with a
handful of employees or a large company with multiple vendors, we offer
solutions tailored to your budget and needs.
Frequently
Asked Questions (FAQs)
Q1: Who is required to file TDS
returns?
Any individual, company, or entity responsible for deducting TDS must file
quarterly returns.
Q2: How often are TDS/TCS returns
filed?
Quarterly: April–June, July–September, October–December, January–March.
Q3: Can you assist with late filings
or corrections?
Yes. We handle delayed filings, corrections, and notice responses to minimize
penalties.
Q4: Do you provide reminders for due
dates?
Absolutely! Clients get regular alerts to ensure no deadlines are missed.
Q5: Can you help with TAN
registration?
Yes, we guide the application and activation of TAN (Tax Deduction and
Collection Account Number).
Q6: Is digital signing required?
Yes. Most TDS returns need a Digital Signature Certificate (DSC). We
assist in procurement and usage.
Q7: What if TDS is deducted but not
deposited?
Non-deposit attracts interest, penalties, and prosecution. We ensure
this never happens to our clients.
Expert
Tips from Manika TaxWise
- ✅ Reconcile Form 26AS before filing to avoid
mismatches
- ✅ File on time, even if payment is pending, to
avoid penalties under Section 234E
- ✅ Double-check PAN/TAN details—one digit off can
cause rejections
- ✅ Plan Section 197 applications early for better
cash flow
- ✅ Maintain proper documentation—keep challans,
proofs, and deduction records for 7 years
Pro Tip: Small steps like reconciling records can save thousands in
penalties and unnecessary stress.
Call
to Action: Let’s Simplify Your TDS & TCS Compliance
📞 Call/WhatsApp: +91
93409 72576
📧 Email: manikataxwise@gmail.com
Don’t let TDS/TCS compliance slow
your business down. Let Manika TaxWise handle everything from filing
to advisory while you focus on growing your business. Contact us today for a
free consultation and experience stress-free compliance.