TDS/ Tax Services Outsourcing
T.D.S. (Tax Deduction at Source) is a specialized service for which domain expert play key role.
Outsourcing is a wise and profitable option for those who would like to concentrate on core processes and leave the other works to trustworthy service provider.
Advancement of e-governance, the tax compliance domain in India is becoming increasingly complicated and demands accurate compliance. Inaccurate compliance is now easily traceable and attracts penalty.
TDS compliance is a statutory requirement, for which the Company has to spend more time, money and attention for accurate tax calculation under different sections as per IT Act. And in case of any lapses, Company has to incur penalties and face severe legal consequences.
And it is a known fact, that this exercise do not contribute to the topline sales/growth of the Company.
Therefore, TDS Outsourcing Service is highly recommended, wherein the Company outsources TDS function to an expert agency, who is committed for timely calculation & remittance of TDS to Statutory Authorities and take ownership of legal compliances on behalf of the Company..
The Company is at comfort to focus on its business growth.
T.D.S. Services
- Fin2Excel offers complete Outsourcing Solution in the areas of TDS (both Salaries & Non-Salaries)
- Fin2Excel will receive Bill/Invoice copy from the Company for TDS calculation on regular basis. TDS %age/ amount to be deducted will be communicated to Company for final payment to vendor
- By end of month, Fin2Excel will submit complete statement of TDS to be deposited
- On the basis of TDS statement, the Company will release payment to Fin2Excel
- Fin2Excel will release the TDS amount to I. Tax authorities within due date
- Fin2Excel prepare Quarterly eTDS return & TDS related data processing
- Fin2Excel will also manage the IT TDS assessment on behalf of Company
- Fin2Excel team is well updated with fluctuating TDS rates
- Fin2Excel also issue TDS certificates in form16A, Form 16 and Form 12BA.
- Clients will get regular update on changes in Income Tax Law through professional update mails
BENEFITS
COST SAVINGS
- Eliminates cost of initial hardware and software investment and its subsequent maintenance
- Reduces operating cost as fewer employees needed to perform this function
CHANGE IN COMPANY FOCUS
- Reduce the time spent on Tax compliance matters and to re-focus on strategic planning initiatives
- Reduces financial risks involved in non-compliance of legislative, corporate and technology changes
- Growing need for companies to leverage on established Tax service providers for information and expertise that are not available internally
- Strategic partnership with TAX service provider enable more flexibility and tailor-made solutions for ever-changing operational needs
- Increase in management satisfaction as a result of timely and accurate compliance of Tax related matters
WHY TO CHOSE FIN2EXCEL
Fin2Excel is a group of Professionals comprising of Chartered Accountants, HR domain experts, Company Secretaries, Corporate Legal Experts.
- Fin2Excel team is competent to handle the lengthy, complicated and tedius procedure of TDS.
- Fin2Excel offers comfort zone, wherein its clients can continue to focus on their core competencies, unlocking valuable management time.
- Fin2Excel ensures timely compliance, accurate and timely deductions, payments and filing of TDS return to enable its clients save on interests and penalties.
As partner, we aim to offer you a flexibility and streamline TDS outsourcing services but at a competitive price.
Our goal is to help you achieve tangible benefits in the areas of cost savings as well as increase service level performances.
We are proud to be part of your great success.
We take great pleasure in proposing our T.D.S. outsourcing services to your Company.
We would like to thank you for the opportunity to extend this proposal to you and hope that we can work together in synergy to expand and grow together.
SERVICE LEVEL GUARANTEE
Fin2Excel is committed for prompt and accurate timely calculation of T.D.S. and remittance to Statutory Bodies in India. Fin2Excel stands responsible for any errors proven to be committed by its staff and also take ownership to rectify the same within reasonable timeframe, failing which Fin2Excel also absorb the penalty charges, if any.
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