By CA Somya Garg, Tax Expert | Apr 8, 2024
TDS collections account for a major portion of the gross direct taxes collection for the year. India has an extensive withholding tax regime in the income tax law. In recent times, the scope of TDS has increased, subjecting a wide range of transactions to TDS provisions, wherein businesses must deduct tax on certain categories of payments and deposit it with the government. The non-compliance with TDS provisions lead to penal consequences which involves outflow of working capital and eventually poses difficulty in conducting business transactions. Hence, there is a need for robust systems in place to ensure timely and accurate compliances considering the amendments being introduced from time to time. This webinar is a deep-dive on the recent changes introduced for TDS filings, the challenges involved in compliance with the same and how integrated SaaS-based solutions can simplify TDS filings.
TDS due dates wrt March payments and Q4 filing
The typical steps that need to be followed while filing TDS
The detailed checks that should be done to ensure no incorrect deductions happen
How to optimise checks with enterprise cleartds.
How to track Lower Deduction Certificate(LDC) on Traces vis-a-vis on Clear
The process of generating and issuing TDS certificates. How it can be done on ClearTDS with a single click.
How can Clear help?