TDS Returns & Compliance

Accurate TDS filing and end-to-end compliance to help you avoid penalties and maintain clean records.

TDS returns filed annually
timely compliance
filing accuracy across sectors
most filings
Overview

Minimise TDS Non-Compliance Risks with Structured Support

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In a Better Regulated Financial Environment

TDS (Tax Deducted at Source) compliance involves more than just filing—it requires accurate deduction, timely deposit, issuance of certificates, and prompt responses to departmental notices.

Whether you are a business owner, freelancer, or property lessor, lapses in TDS compliance can result in interest, penalties, or disallowance of expenses.

At Lekshmi N Iyer & Associates, we offer comprehensive support across the TDS lifecycle, including:

  • Calculation of applicable TDS amounts

  • Timely challan payments

  • Filing of quarterly TDS returns (Forms 24Q, 26Q, etc.)

  • Issuance of Form 16/16A to deductees

  • Assistance with defaults, mismatch notices, or compliance queries
  • Lower Deduction Certificates

Our services are designed to support accurate and timely compliance in line with applicable tax provisions.

Who we serve

TDS Services We Offer

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  • We provide end-to-end assistance across all stages of TDS compliance, including:

    • TDS Calculation & Applicability Review
       Guidance on correct rates and sections for salary, contractor payments, rent, professional fees, and other categories.

    • Challan Preparation & Payment Assistance
       Support with generating and paying challans under applicable sections, with accurate referencing and timelines.

    • Quarterly TDS Return Filing
       Preparation and filing of TDS returns (Forms 24Q, 26Q, 27Q, etc.) in alignment with Form 26AS reconciliation and statutory requirements.

    • Form 16 / 16A Preparation & Distribution
       Generation and issuance of TDS certificates for employees and vendors in accordance with compliance deadlines.

    • TDS Default & Notice Response
       Support in rectifying defaults such as PAN mismatches, delayed payments, or incorrect filings, and drafting responses to departmental notices.
    • Lower or Nil TDS Deduction Certificate (Section 197)

           In certain cases, especially for NRIs or individuals expecting large income receipts (like property             sale proceeds, rental income, or interest), standard TDS rates may lead to excess deduction.

    We assist in applying for Lower Deduction Certificates (LDCs) under Section 197, which legally reduce or eliminate TDS deduction at source, based on your estimated tax liability.
     Our services include:

    • Preparing and filing Form 13

    • Collating supporting documents (past returns, agreements, computation, etc.)

    • Coordination with the Assessing Officer

    • Tracking and follow-up until certificate issuance

    LDCs are particularly relevant for NRIs selling property in India or receiving income covered under DTAA provisions.

Businesses
NRIs with income
consultants
Landlords
Trusts, LLPs & audit-eligible firms
Commitment

We File On Time. Every Time.

TDS Filing | Compliance Support | Peace of Mind

TDS plays a critical role in India’s tax framework. Any delay, default, or mismatch in Form 26AS can trigger penalties, interest, or scrutiny. Our structured approach ensures every TDS return is accurate, timely, and audit-ready—protecting your financial and professional relationships.

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Our Process

A Structured Approach to TDS Compliance

  • A professional framework designed to support accurate filings and reduce the likelihood of compliance issues:

    Review of Transactions & Deductibility
     Classification of payments and expenses to identify applicable TDS sections and rates.

    Challan Preparation & Payment Tracking
     Assistance with generating challans and ensuring timely deposit of TDS under the correct codes.

    Quarterly TDS Return Filing (Forms 24Q, 26Q, 27Q, 27EQ)
     Preparation and filing of TDS returns with reconciliation to books of accounts and Form 26AS.

    Form 16 / 16A Generation
     Timely issuance of TDS certificates to employees, vendors, and other deductees.

    Support for Defaults & Rectifications
     Identification of mismatches, filing corrections, and responding to TDS notices from CPC or the department.

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Who we serve

Driving Accuracy for Every Deduction

Employers

Complete support for salary TDS and Form 16 generation.

NRIs

Rental, interest, and professional payment TDS handled per Section 195.

Consultants

Guidance on client deductions, self-compliance, and Form 26AS matching.

Landlords

Section 194IB advisory and automated compliance setup.

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FAQ

TDS Returns & Compliance FAQs

Common questions on timely filing, certificate issuance, and legal obligations under Indian tax law

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Yes, if the payment exceeds the prescribed threshold under Sections like 194J or 194C, TDS must be deducted even for individuals or professionals providing services. The applicable rate depends on the nature of the service and PAN availability.

Late filing may attract penalties under Section 234E and late fees under Section 271H. In addition, interest under Sections 201(1A) and 220(2) may be applicable. Timely compliance reduces audit risk and ensures smoother operations.

Form 16 is issued for salary payments (under Section 192), and Form 16A is issued for other payments like professional fees, rent, interest, etc. These can be generated through TRACES after timely TDS return filing. We assist with full-cycle processing, including reconciliation and downloading from TRACES.

Yes, if an NRI deducts tax on any income liable for TDS in India (e.g., rent paid on Indian property or payments to Indian contractors), they are required to file quarterly TDS returns. PAN and TAN are mandatory for compliance.