What documents do I need to bring for my Income Tax Return (ITR) filing?

You primarily need your PAN card, Aadhaar card, Form 16/16A (if salaried), bank statements for the entire financial year, AIS/Form 26AS, and details of any interest income, stock transactions, or investment deductions.

Who is required to obtain GST registration in Khammam, Telangana?

Businesses dealing in goods with an annual turnover exceeding ₹40 Lakhs (or ₹20 Lakhs for services in Telangana) must register for GST. Voluntary registration is also beneficial for claiming Input Tax Credit (ITC) and inter-state trade.

How long does it take to register a Private Limited Company or LLP?

Company incorporation usually takes 5 to 7 working days, subject to MCA portal approval. It includes name reservation, Digital Signature Certificates (DSC), SPICe+ form submission, PAN/TAN issuance, and bank account setup.

Tax & Accounting Practice Area

TDS Returns

Timely quarterly TDS return preparation and Form 16/16A generation.

Statutory Provisions & Governing Mandates

Act 2025

Salary TDS at Effective Slab Rates

Section 392 [Old Sec 192]

Act 2025

Non-Salary TDS Specified Table

Section 393(1) Table Sl. Nos. 1–21

Act 2025

TCS Collection Scope

Section 394 [Old Sec 206C series]

Act 2025

Late Filing Levy & Penal Interest

Section 234E (₹200/day) & Section 201(1A)

Practice OverviewView Statutory Rates

Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) are rigorous compliance mechanisms governed under Chapter XIX of the Income-tax Act, 2025 (and Sections 192-206C of the 1961 Act). Entities deducting tax act as statutory custodians and must deposit collections and file quarterly returns with zero error margin.

Delayed deposits or erroneous reporting on TRACES results in compounding interest and mandatory late filing fees (₹200 per day under Section 234E). Our team manages your full TDS/TCS compliance cycle—ensuring timely quarterly filings (Form 24Q, 26Q, 27Q, 27EQ) and seamless generation of digitally signed Form 16/16A certificates.

Key Capabilities & Statutory Deliverables

Quarterly Return Execution (Chapter XIX)

Meticulous preparation of Form 24Q (Salary TDS under Section 392) and Form 26Q (Resident payments under Section 393(1) Table: Professional 10%, Technical 2%, Contracts 1%/2%, Rent 10%/2%, Interest 10%, Goods Purchase 0.1%).

Form 16 / 16A / 27D Generation

Prompt downloading and digital signing of Form 16, Form 16A, and TCS Form 27D from the TRACES portal, allowing employees and vendors to claim legitimate tax credits.

Lower Deduction Certification (Sec 395)

We verify Section 395 (Old Section 197) lower/nil deduction certificates issued by the department to ensure you apply authorized concessionary rates without incurring short-deduction demands.

Default Notice & 234E Fee Rectification

If your TRACES portal shows outstanding defaults, short deductions, or late filing levies, we analyze the ledger roots and file correction returns to regularize your record.