Ensure Compliance with TDS and Withholding Tax Regulations with OSBS Accounting Solutions Private Limited
Tax Deducted at Source (TDS) and Withholding Tax are essential mechanisms to ensure that taxes are paid to the government at the time of income payments. As per Indian tax laws, businesses are required to deduct TDS or withholding tax at the time of making payments such as salaries, interest, rent, or professional fees, and deposit it with the government.
At OSBS Accounting Solutions Private Limited, we assist businesses in managing TDS and withholding tax obligations by ensuring timely and accurate deductions, filings, and compliance with tax laws.
Why TDS and Withholding Tax Are Important?
Ensure Tax Compliance: Proper TDS deductions and filings prevent penalties and interest for non-compliance.
Timely Deposits: Ensures timely remittance of deducted taxes to the government.
Accurate Reporting: Maintains transparency and accuracy in financial records for tax purposes.
Avoid Legal Issues: Compliance with TDS laws helps prevent disputes with the tax authorities.
Key TDS and Withholding Tax Services Offered
TDS Calculation: Accurate calculation of TDS on various payments like salaries, interest, rent, and professional fees.
TDS Return Filing: Filing quarterly TDS returns (Form 24Q for salaries, Form 26Q for others) with the Income Tax Department.
TDS Payment: Ensuring timely payment of TDS to the government, avoiding penalties and interest.
Withholding Tax on Foreign Payments: Managing withholding tax on payments made to foreign vendors or contractors.
Tax Deducted Certificates: Issuing TDS certificates (Form 16, Form 16A) to employees and vendors.
Tax Planning: Offering advice on tax-saving methods and efficient deduction strategies.
Why Choose OSBS for TDS and Withholding Tax Services?
Expert Tax Professionals: Our team has extensive experience in handling TDS and withholding tax matters for businesses of all sizes.
Timely and Accurate Filings: We ensure that your TDS returns and payments are filed on time and in full compliance with tax regulations.
Avoid Penalties: We help you avoid costly penalties due to late payments or incorrect filings.
Comprehensive Service: From calculation and filing to obtaining tax certificates, we offer complete TDS and withholding tax solutions.
Up-to-Date with Tax Laws: We stay informed about the latest tax laws and amendments to ensure compliance.
How OSBS Helps with TDS and Withholding Tax
TDS Calculation and Deduction: We calculate the correct TDS amounts based on various types of payments and apply the appropriate rates.
Timely Filing and Payment: We ensure all TDS returns are filed quarterly and payments are made within the due dates.
Tax Certificates: We provide employees and vendors with accurate TDS certificates for their tax records.
Regular Updates: We keep you updated on any changes in TDS regulations and ensure your compliance accordingly.
Stay Compliant – Let OSBS Manage Your TDS and Withholding Tax Obligations with Precision
Choose OSBS Accounting Solutions Private Limited for expert, reliable, and timely TDS and withholding tax services to ensure your business remains compliant with all tax regulations.
