Tax Preparation | Financial Management
TCS Collection
TCS on traditional 206C categories (tendu leaves, scrap, motor vehicles > ₹10L, foreign-tour packages, overseas remittances) computed at sale. Section 206C(1H) on goods sale > ₹50L per buyer per FY computed where applicable. Quarterly 27EQ drafted from the collection register.
What it does
Inside TCS Collection.
Connect one entity, free. Next quarter's sales auto-classify into TCS-attracting and not. The 27EQ drafts from the register; the CFO reviews on screen.
01
TCS engine
02
206C(1H) threshold
03
194Q suppression
04
27EQ draft
Where it sits
Part of Tax Preparation.
TDS Auto-Deduction Section, rate, threshold and PAN-based logic applied at the line item. Vendor PAN verified live. PAN Verification Live PAN status check with CBDT. Active / inactive / not registered. Section 206AA on invalid PAN. TDS Challan Payment Generate challans, pay via Connected Banking, CIN captured automatically. TDS Challan Reconciliation Challans paid through your bank auto-matched against deductions. Mismatches surfaced. Quarterly TDS Returns 24Q, 26Q and 27Q drafted from deduction history. Reconciled against TRACES, signed off, filed. Vendor TDS Tracking Per-vendor cumulative TDS, threshold breach alerts, 194Q vs 206C(1H) decisioning at the bill. 194Q vs 206C(1H) Decisioning Buyer/seller turnover thresholds tracked per relationship. Right side computed at posting. Section 197 LDC Upload, validity window, rate override, auto-expiry. Section 197 lower-deduction certificates honoured. Form 16 Generation Annual Form 16 drafted, DSC-signed, emailed in bulk to employees. Form 16A Generation Quarterly Form 16A drafted, DSC-signed, emailed to vendors. TRACES Reconciliation TRACES downloads parsed, matched against deductions, corrections drafted.
Run TCS Collection against your books.
A working session on your structure and a month of your documents.