Tax Deducted at Source (TDS) & Tax Collected at Source (TCS) compliance is a crucial responsibility for all deductors and collectors. While the process is straightforward, common mistakes can lead to penalties, interest charges, and unnecessary complications. Here are some of the most frequent compliance pitfalls and actionable steps on how to avoid them. 1….
15th February 2025 – Due date for issuance of TDS Certificates for Q3 of FY: 2024-25 7th February 2025 – Due date for TDS / TCS payment for deductions / collections during January 2025 *Please ensure timely compliance to avoid interest and/or penalties Use TDSMAN Software to file seamless & error-free TDS / TCS returns, without any professional help.
The Union Budget 2025-26 brings notable changes to tax deduction and collection processes, aimed at streamlining compliance and administrative procedures. These amendments focus on revising thresholds, removing redundant provisions, and improving tax administration efficiency for individuals and businesses. 1. Rationalization of TDS Thresholds The government has proposed adjustments to TDS threshold limits across various sections…
We are pleased to announce the release of TDSMAN (FY: 2025-26). Now you can prepare TDS Returns for all quarters of FY: 2024-25 and FY: 2025-26. It covers: All TDS/TCS Returns for FY: 2025-26 All TDS/TCS Returns for FY: 2024-25 Pending TDS/TCS Returns of earlier years, if any Rectification of TDS Defaults Multi-User Options Editions:…