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89T Corporate Advisors Private Limited

ITR and TDS Compliance

Accurate income tax returns for individuals and businesses, with timely TDS deductions and quarterly filings.

November 13, 2026
2 min read

Income Tax Return (ITR) filing and Tax Deducted at Source (TDS) compliance form the core of every business's direct tax obligations. TDS is a mechanism by which the payer deducts tax at the prescribed rate at the source of income before making payment to the payee. Businesses must deduct TDS on salary payments (Section 192), contractor payments (Section 194C), professional fees (Section 194J), rent (Section 194I), interest (Section 194A), and other specified payments. TDS must be deposited by the 7th of the following month and quarterly TDS returns (Form 24Q, 26Q, 27Q) must be filed. On the ITR side, every entity must file annually by the applicable due date, computing advance tax in four tranches (June, September, December, March) to avoid interest under Sections 234B and 234C.

Key Benefits

  • Accurate TDS deduction and deposit ensures zero interest liability and keeps the tax account clean.
  • Timely ITR filing enables carry-forward of losses to offset against future income, a significant tax saving.
  • Advance tax planning avoids interest under Sections 234B and 234C.
  • Clean TDS compliance improves vendor relationships, as payees receive TDS credit on time in Form 26AS.
  • Timely filings and clean tax records build credibility with the income tax department, banks, and investors.

How We Support

  • We calculate TDS liability for all applicable payments, deposit by the 7th, and file quarterly TDS returns.
  • We issue Form 16 (salary) and Form 16A (other deductions) to all deductees on time.
  • We calculate and facilitate advance tax payments in four tranches every year.
  • We prepare and file ITR for your company, LLP, partnership, or personal income, optimising deductions legally.

Non-Compliance Risks

  • Non-deduction of TDS attracts interest at 1% per month and disallowance of the entire expense in ITR.
  • Late deposit of TDS attracts interest at 1.5% per month.
  • Failure to file TDS returns attracts late fees of Rs. 200 per day plus penalty up to the TDS amount.
  • Non-filing of ITR results in notice under Section 142(1), best judgment assessment, and penalty up to 200% of tax evaded.

Talk to Our CA Experts About Your Specific Needs

From queries to execution, we guide you through each stage of compliance, making the process simple, structured, and stress-free. Call +91 89588 89589 or write to connect@89tca.in for a free consultation.