- Author(s): P.L. Subramanian
- Publisher: Snow White Publications Pvt Ltd
- Edition: 16 Ed Aug 2024
- ISBN 13 9788119637096
- Approx. Pages 604 + Contents
- Format Paperback
- Approx. Product Size 27 x 21 cms
- Delivery Time Normally 7-9 working days
- Shipping Charge Extra (see Shopping Cart)
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Description
Explains whole gamut of TDS, TCS and Advance Tax in Simple Language
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Contents
Bird’s Eye View of TDS
1. Overview of TDS
2. Examples of Payments Attracting Deduction of Tax at Source
3. Self Declaration for Nil Deduction
4. Lower Rate or Nil Rate - Order from the Assessing Officer:
5. Lower Rate or Nil Rate - Order Not Possible
6. Tax Collection at Source - Items Covered and Rate
7. FORMS under TDS
Part I – TDS Procedure
1. Introduction
2. Tax Deduction and Collection Account Number
3. TDS at Lower or Nil Rate
4. Deposit of Tax Deducted
5. Filing of Return and Issue of Certificate
6. Claiming of Credit for Tax Deducted at Source and Refund
7. Interest, Penalty and Prosecution
8. Disallowance of Business Expenditure [Section 40(a)(ia)]
Part II - Various Payments On Which Tax to be Deducted
9. Salary (Section 192)
10. Interest on Securities (Section 193)
11. Dividend (Section 194)
12. Interest Other than Interest on Securities (Section 194A)
13. Winnings from Lotteries and Crossword Puzzles (Section 194B)
14. Winning from Horse Race (Section 194BB)
15. Payment to Contractors and Sub-contractors (Section 194C)
16. Insurance Commission (Section 194D)
17. Payment of Insurance Amount (Section 194DA)
18. Payments to Non-resident Sportsmen/Sport Association (Section 194E)
19. National Savings Schemes (Section 194EE)
20. Repurchase of units by Mutual Funds or UTI (Section 194F)
21. Commission, Prize, etc. on Sale of Lottery Tickets (Section 194G)
22. Commission or Brokerage (Section 194H)
23. Rent (Section 194-I)
24. Tax Deducted at Source on Sale of Immovable Properties (Section 194-IA)
25 Payment of Rent by Individuals and HUF Exceeding ? 50000
Per Month (Section 1Q4-IB
26 Payment under Specified Agreement (Section 194-IC)
27 Fees for Professional and Technical Services (Section 194J)
28 Income from Mutual Funds (Section 194K)
29 Acquisition of Immovable Property (Section 194LA)
30 Interest From Infrastructure Debt Fund (Section 194LB)
31 Payment of Certain Income from Units of a Business Trust
(Section 194-LBA) and Income in respect of
units of Investment fund (Section 194LBB)
32 Payment of Income in Respect of Investment in Securitisation Trust
(Section 194LBC)
33 Payment of Interest by Indian Company to Non-resident
(Section 194LC)
34 Interest Payment to Foreign Institutional Investors etc.
(Section 194-LD)
35. Tax to be Deducted by Individual and HUF - Payment to professional Services,
Contracts and as commission (Section 194M)
36 TDS on Csh withdrawals (Section 194N)
37 TDS on E-Commerce Transactions (Section 194-O)
38 Senior Citizens of 75 year Need not File Returns (Section 194P)
39 Sale Consideration Exceeding Rs. 50 Lakh (Section 194Q)
40 TDS from benefits or perquisite arising out of business or profession (Section 194R)
41 TDS from Consideration for transfer of a virtual asset (Section 194S)
42 TDS on Payment to Non-resident
43 Payment of Income by Mutual Funds to Foreign Company
(Section 196A)
44 Payments in Respect of Units to an Offshore Fund (Section 196B)
45 Income from Foreign Currency Bonds or Shares of
Indian Company Payable to Non-Resident (Section 196C)
46 Income of Foreign Institutional Investors from Securities
(Section 196D)
Part III Tax Collection at Source
47 Tax Collection at Source (Section 206C)
Part IV ADVANCE TAX
48 Advance Tax (Sections 207 to 211)
Annexures
1 Rates for Tax Deduction at Source from Salary
2 Rates for Tax Deduction at Source on various Payments
3 Income Tax Rates
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Author Details
P.L. Subramanian, B. Com., A.C.A., C.A.I.IB.