TDS Deduction & Deposit Services
Accurate Deduction • Timely Deposit • Zero Penalties Your Business. Our Compliance. Let Fortune Filings Manage Your TDS End-to-End.
Every rupee deducted as TDS (Tax Deducted at Source) is your business’s responsibility — and failure to manage it properly can result in penalties, interest, and legal issues.
At Fortune Filings, we provide seamless, error-free TDS deduction, calculation, and government deposit services to ensure your business stays compliant, stress-free, and audit-ready.
What is TDS Deduction & Deposit?
Under the Income Tax Act, when making certain payments like salary, rent, contractor fees, professional services, interest, and more, the payer (you) must:
Deduct TDS at the prescribed rate from the payment
Deposit the deducted amount to the Central Government on or before the due date (usually the 7th of every month)
File TDS Returns quarterly and issue Form 16 or 16A to the payee
This is not optional. If your business is eligible to deduct TDS, failure to comply can lead to legal consequences and financial loss.
Advantages of Timely TDS Deduction & Deposit
- Avoid Penalties & Interest
Timely deduction and deposit prevent interest (up to 18%) and penalties under Sections 201(1A), 234E, and 271H.
- Builds Legal Credibility
Being compliant enhances your brand’s trustworthiness in the eyes of vendors, employees, and regulators.
- Tax Credit to Deductees
Ensures that your vendors/employees can claim the TDS amount while filing their tax returns.
- Smooth Government Dealings
Proper TDS handling reduces scrutiny, tax notices, and audit risks.
- Peace of Mind
With experts handling your TDS, you focus on running the business while we manage the compliance.
Disadvantages of Ignoring or Mishandling TDS
- Hefty Interest & Late Fees
Interest on late deduction/deposit (1%–1.5% per month) plus ₹200/day for delayed filing.
- Disallowance of Expenses
Your claimed business expense may be disallowed under Section 40(a)(ia) — increasing your tax liability.
- Legal Prosecution
In serious cases, failure to deduct or deposit TDS may lead to prosecution under the Income Tax Act.
- Loss of Vendor & Employee Trust
Non-issuance of TDS certificates affects their returns and trust in your organization.
Documents Required
- PAN of Deductor & Deductee
- Aadhaar of Deductor (if individual)
- TAN Number
- Payment details (Salary, Rent, Contract, Professional Fees, etc.)
- Bank Details for TDS Payment
- Previous TDS challans (if any)
- Nature of Service & Payment Frequency
Don’t worry — we’ll guide you step-by-step based on your business type and obligations.
Who Should Deduct and Deposit TDS?
- Private Limited Companies
- LLPs and Registered Partnerships
- Sole Proprietors (above turnover limits)
- NGOs & Educational Trusts
- Freelancers Paying Rent or Fees
- Government Departments
- Employers paying taxable salaries
Our TDS Deduction & Deposit Services Include:
- TDS Calculation for Every Transaction
- Monthly Deduction & Challan Creation
- Online Government Deposit Filing
- Payment Reminder & Schedule Tracking
- PAN Verification of Deductees
- TDS Certificate Preparation (Form 16/16A)
- Quarterly Return Filing & Form 26AS Matching
- Resolution of Defaults from TRACES Portal
Why Choose Fortune Filings?
Experienced Tax Professionals
100% Accuracy in TDS Calculation
Real-Time Filing Alerts & Tracking
Dedicated Relationship Manager
PAN-India Clients from All Industries
Fast Support via WhatsApp, Phone, and Email
Affordable Pricing with High Compliance Value
Be TDS Compliant the Smart Way
TDS is not just a deduction — it’s a responsibility. Let us handle your monthly TDS obligations so you can focus on business growth.
Email: shalini@fortunefilings.in
Call/WhatsApp: +91 63795 75568
“Businesses don’t get fined for having tax responsibilities. They get fined for ignoring them.”
— Team Fortune Filings