As per the Income Tax Act, any company or person making a payment is required to deduct tax at source if the payment exceeds certain threshold limits. TDS has to be deducted at the rates as prescribed under the Legislation.
We, IKON Outsourcing Pvt. Ltd., are providing TDS related services to various MNCs clients. Certain functions carried out by us under TDS service are as under:
- Identifying and calculating TDS on contractors/employees payment according to the Income Tax Act.
- TDS Return, Revised Return & issuing of Form 16/16A.
- TDS assessment cases.