A new tax rule relating to the TDS and TCS has come into force from 01.07.2021 under which taxpayers who have not filed their Income Tax Returns for the past two Financial Years shall have to pay higher tax. It is important to note here that the Income Tax Department had introduced two new sections namely Section 206AB and Section 206CCA with a purpose of deducting TDS at higher rates for certain non-filers.
Comprehensive filing of all returns related to TDS & TCS to ensure absolute regulatory compliance.
Preparation of financial accounts strictly keeping TDS & TCS laws and new sections in view.
Seamless application processing and management for Tax Deduction and Collection Account Numbers (TAN).
Expert legal representation, litigation support, and appeal management related to TDS & TCS matters.
Strategic tax advisory to navigate Section 206AB/206CCA and mitigate higher tax deduction rates.