What is TDS ? Why TDS is Reuired

1
What IS TDS ?

• How A chartered accountant help with this

2
Tds ?

• TDS refers to the tax amount deducted by a payer
  on specific types of payments to a payee as per
  Indian Income Tax laws. It is deducted at the
  specified rates before the amount is actually
  paid. TDS ensures early collection of taxes and
  creates an audit trail for the Income Tax
  department.
• If you want to know more call to us we are one of
  the TDS consultant service provide in Chandigarh

3
Why is TDS Required?

• Following are some of the main reasons TDS has to
  be deducted
• Early tax collection - TDS results in instant tax
  collection on certain types of transactions
• Higher tax compliance - Deduction of TDS service
  ensures payees correctly disclose their income
  and file tax returns
• Easy tracking of transactions - TDS trail gives
  visibility into financial transactions between
  parties
• Avoidance of tax evasion - Upfront tax deduction
  makes tax evasion difficult on transactions
  attracting TDS

4
When to Deduct TDS?

• TDS has to be deducted on payments like salaries,
  interest, commission, rent, professional fees,
  contractor payments if they exceed the threshold
  limits specified. The payer is liable to deduct
  TDS before making the payment.

5
How A chartered accountant help

• A CA in Chandigarh, like anywhere else, can
  provide comprehensive assistance with filing Tax
  Deducted at Source (TDS) returns and ensuring
  compliance with tax regulations. Here's how a CA
  in Chandigarh can help you with TDS filing
• Expertise in Tax Laws A CA in Chandigarh is
  well-versed with the Indian Income Tax Act and
  other relevant tax laws.
• TDS Calculation The CA will accurately calculate
  the TDS amount to be deducted based on the
  applicable rates, thresholds, and exemptions.
• Filing TDS Returns Your CA will assist in
  preparing and filing TDS returns using the
  appropriate forms (such as Form 24Q, 26Q, etc.)
  within the stipulated deadlines.