Common Income Tax Mistakes Businesses Should Avoid
Avoid costly income tax mistakes that can result in penalties, notices, or audits.
TDS is a system where tax is deducted at the time of payment. Employers and businesses must deduct and deposit TDS within due dates.
Different sections prescribe different rates depending on the nature of payment. Incorrect deduction or delayed filing can attract penalties.
Professional assistance ensures accurate deduction, timely filing, and proper reconciliation.