M.V.P.S. Prasad Rao and co

Simplify and Organize Your Tax Deductions

Welcome to the TDS Filing Services of Fufin Plus.It can be challenging to navigate the complexities of Tax Deduction at Source (TDS), but we’re here to make the process go easier for you. Our all-inclusive TDS filing services guarantee accurate submission, quick compliance, and simple tax obligation management.

The procedure of declaring and remitting taxes deducted at the source of income is known as TDS (Tax Deducted at Source) filing. Under the TDS system, some organizations, called deductors, are obligated to deduct taxes from payments made to other organizations, called deductees, and to deposit the deducted taxes with the government on the deductors’ behalf.

Frequently Asked Questions

Please reach us at caampoffice12@gmail.com if you cannot find an answer to your question.

How do I rectify errors in TDS returns?

By filing correction statements online via the Income Tax Department’s e-filing system, errors in TDS returns can be fixed. Ensuring precise data entry and prompt rectification is crucial.

What are Forms 16 and 16A?

Employees receive Form 16, a TDS certificate from their employers that details the taxes withheld from their pay. A TDS certificate for non-salary payments is given out on Form 16A.

Is it mandatory to issue TDS certificates to deductees?

Absolutely, as evidence of the tax deduction, deductors must provide deductees with TDS certificates (Form 16/16A). Penalties may result for failing to comply.

In what situations can TDS be deducted at lower rates or not at all?

Sure, provided the deductee provides legitimate forms or certificates, TDS may be deducted at reduced rates or excluded from deduction under certain provisions of the Income Tax Act.