TDS Return Filing in Hyderabad

Tax Deducted at Source is one of the most frequently mishandled compliance areas for businesses and employers across Hyderabad. TDS must be deducted at the correct rate, deposited by the 7th of every month, and filed as a quarterly return, and any failure at any of these three steps attracts interest, penalties, and notices from the Income Tax Department. At Obaid Khan & Associates, we handle complete TDS compliance for businesses, employers, and professionals across Hyderabad so nothing slips through. 

Our TDS compliance services include:

• TDS deduction review — ensuring correct rates are applied under the right sections for salary, contractor payments, professional fees, rent, and interest

• Monthly TDS challan payment by the 7th — with reconciliation of amount deducted and amount deposited

• Quarterly TDS return filing — Form 24Q for salary TDS and Form 26Q for non-salary TDS

• Form 27Q filing for TDS on payments made to NRIs

• Form 16 preparation and issuance to employees at year end

• Form 16A preparation and issuance to vendors and professionals quarterly

• TDS correction statements for past returns with errors

• Lower deduction certificate applications under Section 197

• Response to TDS notices and demands from the Income Tax Department

• 26AS and AIS reconciliation to ensure all TDS credits reflect correctly

We serve employers with salaried staff, businesses making contractor and professional payments, landlords deducting TDS on rent, companies making interest payments, and businesses making payments to NRIs. Our clients are spread across Madhapur, Hitech City, Gachibowli, Banjara Hills, Jubilee Hills, Kukatpally, Ameerpet, and Secunderabad. 

The most common TDS mistake we see is businesses deducting TDS at wrong rates. Section 194C for contractors requires 1% for individuals and 2% for companies. Section 194J for professional fees requires 10%. Section 194I for rent requires 10% for land and building. Many businesses apply a flat rate across all payments without checking the applicable section, this results in short deduction demands with 1.5% interest per month from the date of deduction. 

A second very common issue is TDS deducted but not deposited on time. The due date is the 7th of every month for payments made in the previous month, and the 30th of April for March deductions. Late deposit attracts interest at 1.5% per month. We have seen businesses accumulate significant TDS interest liability simply because their accountant was depositing on the 10th or 15th instead of the 7th. We set up a compliance calendar for every client to ensure this never happens. 

A third issue is TDS deducted but not filed in the quarterly return. This creates a mismatch in your vendor's or employee's Form 26AS and AIS, they cannot claim the TDS credit you deducted, which leads to them raising complaints and sometimes notices being issued to you. Filing the TDS return correctly and on time protects both you and your vendors. 

We have regularised TDS compliance for many businesses in Hyderabad that came to us with a backlog of unfiled returns, accumulated interest, and pending notices. If your TDS compliance is not in order, the sooner you address it the better, interest and penalties compound quickly. WhatsApp us to discuss your situation and we will assess what needs to be done. 

Looking for a CA for TDS return filing in Hyderabad? WhatsApp us to discuss your requirements. Charges apply based on the number of deductees and complexity of your TDS structure. Call us directly at +91 9160091660 for urgent matters. We treat every new enquiry with the same seriousness we give our existing clients.