Guide to Tax Deduction at Source and Tax Collection at Source (Including Advance Tax and Refunds)

As Amended by the Finance Act, 2023
with Illustrations & FAQs
With Free Software on TDS/TCS Compliance
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Description
The Overwhelming response to the first fourteen editions of the book "Guide to Tax Deduction at Source" has emboldened us to bring out this Seventeenth edition. The scope of the book has been enlarged to make it more comprehensive and useful for the persons responsible for deduction and collection of tax at source. Is TDS tedious? This is the moot question faced by a large number of persons who have been saddled with the responsibility of deducting tax at source. In fact, TDS will not be tedious if one is aware of the responsibilities and the procedures prescribed for TDS. This book aims at presenting the entire subject of TDS in an easy to understand manner so that every person dealing with this subject gets a clear grasp of the manner. In the recent past there have been a lot of changes relating to scope of Deduction/Collection of tax at source and in the procedures for filing of TDS/TCS returns. An attempt has been made in this book to clarify the issues arising out of the recent amendments, Even the last minute changes in the provisions relating to this subject have been incorporated in the book. The judicial pronouncements have been analysed and mentioned at the relevant places. We are sure that this book will be of immense use to keep the taxpayer abreast with the latest provisions.
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Contents
Chapter 1    :    System of Collection of Tax [ Section 190 and 191]
Chapter 2    :     TDS From Salary [ Section 192]
Chapter 3    :     How to Compute Income under the Head "Salaries" for Purposes of TDS
                             [Section 15 to 17]
Chapter 4    :    TDS From Payment of Accumulated Balance Due to an Employee from
                           Recognized Provident Fund [Section 192A]
Chapter 5    :    TDS from Interest on Securities [Section 193]
Chapter 6    :    TDS from Dividends [Section 194]
Chapter 7    :    TDS from Interest other than Interest on Securities [Section 194A]
Chapter 8    :    TDS from Winnings from Lottery, Crossword Puzzle, Card Game, Etc.
                           [Section 194B]
Chapter 9    :    TDS from Winnings from Horse Races [Section 194BB]
Chapter 10  :    TDS from Payments to Contractor (Including Subcontractor) [Section 194C]
Chapter 11  :    TDS from Insurance Commission [Section 194D]
Chapter 12  :    TDS from Payment in Respect of Life Insurance Policy [ Section 194DA]
Chapter 13  :    TDS from Payments to Non-Resident Sportsmen or Entertainer or Sports
                           Associations [Section 194E]
Chapter 14  :    TDS From Payments in Respect of Deposit under National Savings Scheme, Etc.
                           [Section 194EE]
Chapter 15  :    TDS from Commission, Etc. on Sale of Lottery Tickets [Section 194G]
Chapter 16  :    TDS from Commission and Brokerage [Section 194H]
Chapter 17  :    TDS from Rent [Section 194-I]
Chapter 18  :    TDS on Payment on Transfer of Certain Immovable Property [ Section 194-IA]
Chapter 19  :    TDS from Payment of Rent by Certain Individuals or HUF [Section 194-IB]
Chapter 20  :    TDS from Payment under Specified Agreement referred to in Section 45(5A)
                            [Section 194-IC]
Chapter 21  :    TDS from Fees for Professional or Technical Services or Royalty or Non - Compete Fee
                            [Section 194J]
Chapter 22  :    TDS from Income In Respect of Units [Section 194K]
Chapter 23  :    TDS from Payment of Compensation on Acquisition of Certain Immovable Property
                            [Section 194LA]
Chapter 24  :    TDS From Income by Way of Interest From Infrastructure Debt Fund [Section 194LB]
Chapter 25  :    Distributed Income of the Nature Referred to in Section 10(23FC) and 10(23FCA)
                            Payable by Business Trust to Unit Holder [Section 194LBA]
Chapter 26  :    TDS from Income in Respect of Units of Investment Fund [Section 194LBB]
Chapter 27  :    TDS from Income In Respect of Investment in Securitisation Trust [Section 194LBC]
Chapter 28  :    TDS on Income by Way of Interest from Indian Company or the Business Trust
                            [Section 194LC]
Chapter 29  :    TDS on Income by Way of Interest on Certain Bonds and Government Securities
                            [Section 194LD]
Chapter 30  :    TDS From Payments of Certian Sums by Certain Individuals or Hindu Undivided Family
                            [Section 194M]
Chapter 31  :    TDS on Payment of Certain Amount in Cash [Section 194N]
Chapter 32  :    TDS From Payment of Certain Sums by E-Commerce Operator to E-Commerce
                            Participant [Sections 194-O]
Chapter 33  :    TDS Case of Specified Senior Citizen [Section 194P]
Chapter 34  :    TDS Payment of Certain sum for Purchase of Goods
Chapter 35  :    TDS Payments (Other Than Salary) to Non-Residential and Foreign Company
                            [Sections 195, 196A, 196B, 196C and 196D]
Chapter 36  :   TDS on Benefit of Perquisite in Respect of Business or Profession [Section 194-R
Chapter 37  :   TDS on Payment on Transfer of Virtual Digital Asset [section 194-S]
Chapter 38  :    Other Provisions Relating to TDS [Sections 195A to 206AA]
Chapter 39  :    Tax Collection at Source [Section 206C aand 206CC)
Chapter 40  :    Statement/Return of Tax Deducted/Collected at Source
                           [Section 200(3), 203AA, 206A, 206C(3), (3B), (5) and (5A) to (5D), 206CB]
Chapter 41  :    Consequences of Defaults [Sections 201, 206C(6) to (8), 234E, 271C, 271CA, 271H,
                           272A(2), 272BB, 276B and 276BB]
Chapter 42  :    Equalisation Levy
Chapter 43  :    Frequently asked Questions
Chapter 44  :    Advance Payment of Tax [Sections 207-211, 218 & 219]
Chapter 45  :    Refunds [Sections 237 to 242 & 245]
Appendix 1    Relevant Rules
Appendix 2    Recent Judicial Decisions
Appendix 3    Relevant Circulars and Notifications
 (1) Circulars
 (2) Notifications
Appendix 4    Relevant Forms
Appendix 5    Notified Foreign Institutional Investors
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Author Details
Dr. Girish Ahuja did his graduation and post-graduation from Shri Ram College of Commerce and was a position holder. He got his Ph.D from Faculty of Management Studies, University of Delhi. He has been teaching Direct Taxes to students at various levels for more than 35 years. He is a Fellow of the Institute of Chartered Accountants of India (ICAI) and was placed in the merit list of both Intermediate and Final Examinations of the Institute. He is a senior faculty member of Shri Ram College of Commerce (Delhi University) and also visiting faculty member of the Institute of Chartered Accountants of India, Institute of Company Secretaries of India (ICSI) and various management institutes. He had been nominated by the Government to the Central Council of the Institute of Company Secretaries of India for two terms. He is a member of Fiscal Law Committee of ICAI and Editorial Board of ICSI. He is also on the Board of Directors of many companies and has a vast and rich experience in the field of finance and taxation.
Dr. Ravi Gupta did his graduation and post-graduation from Shri Ram College of Commerce. Thereafter, he did LL.B. from Delhi University and MBA (Finance) from Faculty of Management Studies, Delhi. He has been awarded a Ph.D. degree in International Finance by the Delhi University. He is a faculty member at Shri Ram College of Commerce (Delhi University) and also has vast practical experience in handling tax matters of trade and industry. He has been a visiting faculty member at The Indian Law Institute, The Institute of Company Secretaries of India, MFC (South Campus, Delhi University), MDI and various other Management Institutes.
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