TDS FILING & COMPLIANCE SUPPORT

Stay on Top of Your TDS Compliance.

Tax Deducted at Source (TDS) compliance involves identifying applicable deduction requirements, deducting and depositing tax, reporting the deduction through the prescribed statement or challan-cum-statement, and completing applicable reconciliation and TDS certificate requirements.

GujaratCorp provides professional support for TDS applicability review, data preparation, statement filing, challan reconciliation, correction support, TDS certificates and relevant TRACES-related requirements.

TDS Statement Preparation & Filing
Challan-to-Statement Reconciliation
Form 16 & Form 16A Issuance Support
TRACES Defaults & Correction Filing
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What Our TDS Service Covers

End-to-end withholding tax solutions from applicability check and reconciliation to return filing, certificates, and TRACES compliance.

01 — TDS APPLICABILITY REVIEW

Review of the payment nature, deductor and deductee details and other relevant information to identify applicable TDS requirements.

02 — TDS DATA PREPARATION

Review and organisation of PAN, payment, deduction and deductee information required for the applicable TDS statement or challan-cum-statement.

03 — TDS CHALLAN RECONCILIATION

Matching TDS deduction data with available challan and payment information to identify differences before filing.

04 — TDS STATEMENT PREPARATION

Preparation of the applicable TDS statement with relevant deductor, deductee, payment and deduction details.

05 — TDS STATEMENT FILING

Support for filing the applicable TDS statement through the prescribed Income Tax e-Filing process.

06 — TDS RECONCILIATION

Review of filed statements, challans and available tax-credit information to identify discrepancies requiring attention.

07 — TDS CORRECTION SUPPORT

Support with applicable correction procedures where errors or mismatches are identified in previously filed TDS statements.

08 — FORM 16 / FORM 16A SUPPORT

Support relating to applicable TDS certificates after statement processing. Form 16 relates to salary TDS, while Form 16A relates to non-salary income.

09 — TRACES SUPPORT

Support with TRACES activities, including statement status, challan records, certificates, defaults, justification reports and corrections.

Applicability & Coverage

Who May Need TDS Compliance?

TDS applicability depends on the nature of payment, deductor and deductee circumstances, applicable thresholds and the provisions applicable to the relevant tax period.

Businesses & Companies

For applicable payments such as salary, professional fees, contractor payments, rent, interest, commission and other covered transactions.

Partnership Firms & LLPs

For applicable business payments and partner-related payments, subject to the provisions applicable to the transaction.

Employers

For salary-related TDS deduction, reporting and applicable employee TDS certificates (Form 16).

Professionals & Other Deductors

Where TDS provisions apply to payments made in the course of business or profession.

Trusts, Societies & Other Organisations

For applicable payments and TDS reporting requirements across statutory charitable and institutional activities.

Statutory Provisions & Transition Rules

TDS Under the Current Income-tax Framework

Statutory Framework

From 1 April 2026, TDS obligations are administered under the Income-tax Act, 2025.

The Income-tax Act, 2025 consolidates earlier TDS provisions primarily under Sections 392 (salary TDS) and 393 (other specified payments through applicable tables).

TDS Transition Rule:

• Events on/before 31 March 2026: Governed by the Income-tax Act, 1961.
• Events on/after 1 April 2026: Governed by the Income-tax Act, 2025.

Governed under Indian Income-tax Law

Form 138, earlier known as Form 24Q, is the quarterly statement for reporting TDS deducted on salary, pension or specified interest income under the Income-tax Act, 2025. It is relevant to employers and specified banks.

Form 140, earlier known as Form 26Q, is the quarterly statement for applicable TDS deductions on non-salary payments made to residents, covering professional fees, commission or brokerage, rent, and other specified payments.

Form 144, earlier known as Form 27Q, is the quarterly statement for applicable TDS deductions on payments other than salary made to non-resident deductees, subject to applicable treaty and withholding rules.

Form 141 consolidates specified transaction categories under Section 393(1): Rent paid by Individual/HUF (earlier 26QC), Immovable property transfer (earlier 26QB), Contractor/Professional payments by Individual/HUF (earlier 26QD), and Virtual Digital Asset transfer (earlier 26QE).

Covers salary, remuneration, commission, bonus, or interest paid/credited by a firm to partners. Governed by Sec 194T under the 1961 Act and Sec 393(3) Table Sl. No. 7 under the 2025 Act. Deductible at 10% on payments exceeding ₹20,000 per financial year.

Workflow

Simple TDS Workflow

01

01 — SHARE YOUR TDS DATA

Share relevant payment records, deductee details, PAN/TAN information and available challan details.

02

02 — REVIEW & RECONCILE

We review deduction information, deductee records and available challan/payment data.

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03 — PREPARE & CONFIRM

The applicable TDS statement or challan-cum-statement is prepared and relevant information is reviewed before submission.

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04 — FILE & TRACK

The applicable filing is submitted through the prescribed process and filing or processing status is tracked as applicable.

RECONCILIATION & CORRECTION SUPPORT

TDS Correction, Form 16/16A & TRACES Support

TDS statements may require correction for PAN errors, deductee details, challan-related differences, deduction errors or transaction data mismatches. Corrections relating to periods governed by the earlier Income-tax Act, 1961 continue to follow the applicable old-framework forms and procedures, even when filed after 1 April 2026.

Form 16 & Form 16A Form 16 relates to salary TDS, while Form 16A relates to income other than salary. Certificates are generated after statement processing and downloaded via TRACES.
TRACES Services Statement status, challan & payment info, justification reports, default/demand intimations, consolidated files, and online PAN/challan corrections.

Why Choose GujaratCorp?

01 — Structured Data Review

We organise relevant payment, deductee and TDS information before filing.

02 — Challan Reconciliation

Relevant challan and deduction information is reviewed to identify differences before submission.

03 — Recurring Compliance Support

Businesses can maintain a structured process for recurring TDS statement requirements.

04 — Correction Support

Assistance with identifying and addressing reporting discrepancies in previously filed statements.

05 — Form 16 / 16A Support

Support for applicable TDS certificate requirements after relevant processing.

06 — TRACES Support

Assistance with relevant TRACES records, statements, certificates and correction/default matters.

Frequently Asked Questions

TDS filing is the process of reporting applicable tax deducted at source through the prescribed TDS statement or applicable challan-cum-statement for the relevant transaction or tax period.

For regular quarterly TDS statement filing, the deductor generally requires a valid TAN. Certain PAN-based challan-cum-statements, including Form 141, follow their specific filing requirements.

Form 16 relates to salary TDS, while Form 16A relates to TDS on income other than salary.

Yes. Where a previously filed TDS statement contains a correctable error, GujaratCorp can assist with reviewing the issue and the applicable correction process.

Yes. We can review previous TDS statements, challans, correction requirements and available records to determine the applicable filing or correction process.

No. TDS treatment depends on the nature of payment, deductee status, applicable provision, threshold and other statutory conditions. The applicable treatment should be reviewed for the specific transaction and tax period.

We can review available TDS statements, challans, TRACES information and default or intimation details and assist with the applicable compliance or correction process.

NEED TDS COMPLIANCE SUPPORT?

Keep Your TDS Filing Organised

Share your deductor details and available TDS records with our team. We will review your requirement and guide you through the applicable filing process.

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