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Advance Tax & TDS Services | Advisorate

Managing tax payments and deductions effectively is crucial for businesses and individuals to avoid penalties and ensure compliance. Our expert-led Advance Tax and TDS Services help streamline tax obligations, optimize cash flow, and prevent legal hassles.

Advance Tax Compliance

Advance Tax is a pre-paid tax liability that applies to businesses, professionals, and individuals with substantial tax obligations. Our services ensure timely calculation and payment of advance tax to avoid interest penalties under Section 234B and 234C of the Income Tax Act. We assist in:

  • Estimating and computing advance tax liability based on income projections.
  • Timely deposit of advance tax installments to the government.
  • Revising tax estimates as per changing income scenarios.
  • Ensuring compliance with applicable tax provisions to minimize penalties.

TDS Compliance and Deduction Management

Tax Deducted at Source (TDS) is a critical component of taxation for businesses and employers. We offer end-to-end TDS management services to ensure smooth deduction, deposit, and compliance. Our services include:

TDS Rate Determination

  • Identifying applicable TDS rates and sections based on transactions.
  • Assessment of threshold limits for various payment categories.

Timely Compliance

  • Timely deduction and deposit of TDS to avoid penalties.
  • Monitoring of due dates and regulatory changes.

Documentation

  • Generation and issuance of TDS certificates (Form 16/16A).
  • Maintenance of records for audit purposes.

Sectoral Compliance

  • Compliance with TDS provisions for salaries, contractor payments, rent, and other expenses.
  • Handling of specific sectoral requirements.

TDS Return Filing and Corrections

Filing accurate TDS returns is essential to prevent tax mismatches and legal complications. Our services cover:

  • Preparation and filing of quarterly TDS returns (Form 24Q, 26Q, 27Q, and 27EQ).
  • Correction of TDS returns in case of errors.
  • Liaising with tax authorities for rectifications and acknowledgments.
  • Ensuring seamless reconciliation of TDS credits with income tax returns.

Advance Tax and TDS Optimization

Effective tax planning can significantly reduce financial strain and enhance cash flow management. We help businesses and individuals:

  • Plan advance tax payments strategically to optimize working capital.
  • Utilize available deductions and exemptions to lower tax outgo.
  • Structure transactions to minimize TDS liability legally.
  • Monitor and review tax deductions to prevent excessive tax burdens.

Handling TDS Notices and Compliance Assistance

Tax authorities may issue notices for non-compliance, defaults, or mismatches in TDS filings. Our team provides complete support in:

Notice Management

Reviewing and responding to TDS default notices from the Income Tax Department with expert guidance and timely action.

Prompt resolution

Error Rectification

Rectifying errors in TDS statements and resolving discrepancies to ensure compliance and prevent penalties.

Accurate corrections

Authority Representation

Representing clients before tax authorities for disputes and clarifications with professional expertise.

Expert advocacy

Preventive Compliance

Ensuring end-to-end compliance with TDS laws to avoid penalties through proactive management and monitoring.

Proactive approach

Our Advance Tax & TDS Services

  • Expert calculation and planning of advance tax payments
  • Timely TDS filing and compliance management
  • Assistance with TDS notices and dispute resolution
  • Tax optimization strategies to improve cash flow
  • End-to-end support for all tax deduction requirements
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