Ashok Anshit & Co.

In the dynamic and complex Indian tax environment, TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) play a crucial role in the effective collection of taxes. TDS / TCS Compliance Both are vital mechanisms through which the government collects revenue in advance and monitors large financial transactions. However, managing TDS and TCS compliance can be daunting for individuals, businesses, and corporations. TDS / TCS Compliance With constant changes in tax laws, deadlines, and penalties, it’s essential to have a qualified professional by your side. TDS / TCS Compliance

This is where CA Anshit Gupta and his team at Ashok Anshit & Co. come into the picture—offering comprehensive and hassle-free TDS/TCS compliance services in Ghaziabad and across India. TDS / TCS Compliance

Understanding TDS and TCS – A Brief Overview

What is TDS (Tax Deducted at Source)?

TDS is a mechanism where a certain percentage of tax is deducted by the person (deductor) making specified payments such as salary, rent, professional fees, commission, etc., and deposited with the government on behalf of the recipient (deductee). It ensures that the government receives tax income in advance and reduces chances of tax evasion. TDS / TCS Compliance

What is TCS (Tax Collected at Source)?

TCS is the counterpart of TDS, where the seller collects tax from the buyer at the time of sale of certain goods or provision of services and deposits the same with the government. It is mostly applicable to transactions involving liquor, timber, scrap, minerals, vehicles, and other notified goods/services. TDS / TCS Compliance

Why is TDS / TCS Compliance Important?

• Legal Obligation: Non-compliance leads to heavy penalties and prosecution under the Income Tax Act.
• Avoid Interest and Late Filing Fees: Delay in depositing TDS/TCS or filing returns attracts interest and fees under sections 234E and 271H.
• Accurate Credit to Deductee: Correct filing ensures that the deductee gets proper credit in their Income Tax Return (ITR). TDS / TCS Compliance
• Business Reputation: Timely compliance boosts the credibility of your business in the eyes of vendors, clients, and financial institutions. TDS / TCS Compliance

Challenges in TDS / TCS Compliance

Managing TDS and TCS isn’t just about deducting tax and filing returns. It requires:

• Identifying correct nature of transaction
• Deducting/collecting tax at correct rates
• Timely deposit of TDS/TCS with the government
• Filing quarterly TDS/TCS returns in prescribed format
• Issuing TDS/TCS certificates (Form 16, 16A, 27D)
• Keeping up with changes in compliance rules
• Responding to notices from the Income Tax Department

Even a small mistake can lead to mismatch of entries, demands from the department, or disallowance of expenses.

TDS / TCS Compliance Services Offered by CA Anshit Gupta

At Ashok Anshit & Co., we provide end-to-end solutions for TDS and TCS compliance tailored to businesses, salaried professionals, NRIs, startups, and large corporations. Our services include:

1. TDS/TCS Deduction & Calculation

• Identification of TDS/TCS applicability
• Calculating correct rate as per nature of transaction
• Reviewing contracts and payments
• Suggesting exemptions if applicable under PAN/Aadhaar

2. Monthly TDS/TCS Deposit

• Preparing challans (Form 281) for online payment
• Ensuring timely deposit to avoid penalties
• Guidance on late payment interest if applicable

3. Quarterly TDS / TCS Returns Filing

• Filing returns in prescribed forms (24Q, 26Q, 27Q, 27EQ)
• PAN verification and validation
• Correction and revision of past returns if needed
• Handling rejected returns and defaults

4. Issuance of TDS / TCS Certificates

• Form 16 (for employees)
• Form 16A (for contractors, professionals, rent, etc.)
• Form 27D (for TCS)

5. Compliance Monitoring & Assessment

• Regular follow-ups and reminders
• TDS health check reports
• Reconciliation of Form 26AS and books
• Resolution of mismatches and demand notices

6. Correction of Errors in Returns

• PAN mismatch corrections
• Amount mismatch corrections
• Online TDS CPC correction filings

7. Consulting & Advisory

• Strategic planning to optimize TDS deductions
• Structuring salary and payments to minimize tax impact
• Representing before TDS officers and income tax authorities

Why Choose CA Anshit Gupta for TDS / TCS Compliance?

CA Anshit Gupta brings extensive experience, accuracy, and professionalism in handling TDS and TCS compliance for clients across various industries. Here’s why hundreds of clients trust him:

✅ Experienced Chartered Accountant

• In-depth knowledge of the Indian tax system
• Regularly updated with latest Income Tax notifications and circulars

✅ Technology-Driven Services

• Use of licensed TDS return software
• OTP-based PAN verification
• Secure data transfer and cloud-based document management

✅ End-to-End Support

• From registration to deposit to filing to responding to notices—complete lifecycle management

✅ Personalized Guidance

• One-on-one consultation
• Tailored advice based on business size and industry type

✅ Timely & Error-Free Filing

• Dedicated team for each client
• Zero penalty track record for most clients

Who Can Avail Our TDS / TCS Services?

We offer our services to a wide range of clients:

• Small & Medium Enterprises (SMEs)
• Startups and MSMEs
• Large Corporates & MNCs
• Builders and Real Estate Developers
• Freelancers and Consultants
• E-commerce Sellers
• Trusts and NGOs
• Educational Institutions
• Hospitals and Clinics

Whether you’re a first-time filer or managing complex multi-location deductions, we’re here to help.

Common TDS/TCS Sections We Handle

• Section 192 – Salary
• Section 194C – Contractor/ Sub-contractor
• Section 194J – Professional/ Technical Fees
• Section 194H – Commission/ Brokerage
• Section 194I – Rent
• Section 194N – Cash Withdrawals
• Section 206C – TCS on Goods
• Section 194Q – TDS on Purchase of Goods
• Section 195 – Payments to Non-Residents

Consequences of Non-Compliance

Failure to comply with TDS/TCS provisions can attract:

• Interest on late deduction/deposit
• Penalty under Section 271H (₹10,000–₹1,00,000)
• Disallowance of expense under Section 40(a)(ia)
• Prosecution under Section 276B

Avoid these consequences by letting CA Anshit Gupta manage your compliance professionally.

Client Success Stories

✅ “We had several notices for mismatched TDS returns. CA Anshit resolved everything within a week.” – A Retail Chain Owner
✅ “As a startup, TDS compliance seemed very confusing. Their team made the whole process smooth and guided us at every step.” – SaaS Startup Founder
✅ “Thanks to timely filing and corrections, we saved thousands in penalties.” – Construction Business Client

How to Get Started?

Getting started with CA Anshit Gupta’s TDS/TCS Compliance Services is easy:

1. Book a Free Consultation – Get your compliance status assessed.
2. Send Basic Documents – PAN, TAN, invoices, payment details, etc.
3. Sit Back & Relax – Our team takes over from deduction to filing.
4. Get Reports & Certificates – Receive digital reports, TDS certificates, and proof of compliance.

Contact CA Anshit Gupta Today!

📍 Location: A, 4, Moti Lal Nehru Marg, Pocket A, Nehru Nagar II, Nehru Nagar, Ghaziabad, Uttar Pradesh 201001
📞 Phone: +91-093102 81781
📧 Email: ans.agg.online@gmail.com
🌐 Website: https://ashokanshit.com/
🔗 Google My Business: [Ashok Anshit & Co. – Best CA in Ghaziabad]

Whether you’re an entrepreneur, a salaried professional, or a large-scale business, don’t let TDS/TCS compliance stress you out. Let CA Anshit Gupta take care of it while you focus on growing your business.