Guide to Tax Deduction at Source & Tax Collection at Source

by Dr. Girish Ahuja & Dr. Ravi Gupta

Guide to Tax Deduction at Source & Tax Collection at Source

by Dr. Girish Ahuja & Dr. Ravi Gupta

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Contents

Preface to the Twenty-first Editionv
List of Circularsix
Table of Casesxiii

Division I

CR-1 Amendment brought in TDS & TCS provisions by the Finance (No. 2) Act, 2024 3
CR-2 Rates of TDS & TCS at a glance 10
CR-3 Time & Mode of Payment of TDS & TCS at a glance 27
CR-4 Form No. and time-limit of Issue of TDS & TCS Certificates at a glance 30
CR-5 Statement of TDS & TCS at a glance 32
CR-6 Withholding Tax rates as per IT Act vis a vis Tax Treaties at a glance 34

Division II

About the Author

Dr. Girish Ahuja & Dr. Ravi Gupta

Dr. Girish Ahuja did his graduation and post-graduation from Shri Ram College of Commerce, Delhi and was a position holder. He was awarded a Ph.D. degree by Faculty of Management Studies (FMS), Delhi University. He is a Fellow of the Institute of Chartered Accountant of India (ICAI) and was a rank holder of both Intermediate and Final examinations of the Institute. He had been nominated by the Government of India as a member of the Task Force for redrafting the Income-tax Act and New Income-tax Law. He is also on the Board of Directors of many reputed companies and has a vast and rich experience in the field of finance and taxation. He has been nominated by the Government of Directors of UNITECH LTD with the approval of the Supreme Court to Board and was also been nominated by the Govt. of India as Independent Director of the Central Board of State Bank of India. Dr. Ahuja is a author of various books on Direct Taxation and he has addressed more than 5000 seminars organized by the ICAI, ICSI, ICWAI, Chambers of Commerce.
 

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 had been a faculty member at Shri Ram College of Commerce (Delhi University). He is an advocate and leading consultant at Delhi NCR and also has vast practical experience in handling tax matters of trade and industry. He has been appointed by the Government of India as a member of the Committee consututed for Simplification of Income Tax Act. He is also a Central Council member of ICAI (Government of India Nominee) and on the Board of various reputed companies. He is a co-author of various books on Income-tax. He has addressed more than 3000 seminars on Direct Taxes organized by ICAI, Chambers of Commerce, Universities, etc.

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Guide to Tax Deduction at Source & Tax Collection at Source
Pages: 1368
Language: Hindi
ISBN: 9789356038332
1945 Price : ₹ 2995
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Chapter 1 System of Collection of Tax [Sections 190 and 191] 3
Chapter 2 TDS from Salary [Section 192] 13
Chapter 3 How to Estimate Income under the Head “Salaries” for Purposes of TDS [Sections 15 to 17] 59
Chapter 4 TDS from Payment of Accumulated Balance due to an Employee from Recognised Provident Fund [Section 192A] 143
Chapter 5 TDS from Interest on Securities [Section 193] 151
Chapter 6 TDS from Dividends [Section 194] 181
Chapter 7 TDS from Interest other than Interest on Securities [Section 194A] 188
Chapter 8 TDS from Winnings from Lottery or Crossword Puzzle, etc. [Section 194B] 217
Chapter 9 TDS from Winnings from online games [Sections 194BA] 227
Chapter 10 TDS from Winnings from Horse Races [Section 194BB] 237
Chapter 11 TDS from Payments to Contractor (Including Sub-contractor) [Section 194C] 243
Chapter 12 TDS from Insurance Commission [Section 194D] 288
Chapter 13 TDS from Payment in Respect of Life Insurance Policy [Section 194DA] 297
Chapter 14 TDS from Payments to Non-resident Sportsmen or Entertainer or Sports Associations [Section 194E] 306
Chapter 15 TDS from Payments in Respect of Deposit under National Savings Scheme, etc. [Section 194EE] 313
Chapter 16 TDS from Commission, etc., on Sale of Lottery Tickets [Section 194G] 320
Chapter 17 TDS from Commission and Brokerage [Section 194H] 329
Chapter 18 TDS from Rent [Section 194-I] 347
Chapter 19 TDS on Payment on Transfer of Certain Immovable Property [Section 194-IA] 374
Chapter 20 TDS from payment of rent by certain Individuals or HUF [Section 194-IB] 382
Chapter 21 TDS from Payment under Specified Agreement Referred to in Section 45(5A) [Section 194-IC] 388
Chapter 22 TDS from Fees for Professional or Technical Services or Royalty or NonCompete Fee [Section 194J] 394
Chapter 23 TDS from Income in respect of units [Section 194K] 418
Chapter 24 TDS from Payment of Compensation on Acquisition of Certain Immovable Property [Section 194LA] 427
Chapter 25 TDS from Income by Way of Interest from Infrastructure Debt Fund [Section 194LB] 437
Chapter 26 Distributed Income of the Nature Referred to in Section 10(23FC) and 10(23FCA) Payable by Business Trust to Unit Holder [Section 194LBA] 442
Chapter 27 TDS from Income in Respect of Units of Investment Fund [Section 194LBB] 449
Chapter 28 TDS from Income in Respect of Investment in Securitisation Trust [Section 194LBC] 456
Chapter 29 TDS from Income by Way of Interest from Indian Company or the Business Trust [Section 194LC] 462
Chapter 30 TDS on Income by Way of Interest on Certain Bonds and Government Securities [Section 194LD] 469
Chapter 31 TDS from Payment of certain sums by certain individuals or Hindu undivided family [Section 194M] 477
Chapter 32 TDS on Payment of certain amounts in cash [Section 194N] 483
Chapter 33 TDS from Payment of Certain Sums by E-commerce Operator to E-commerce Participant [Section 194-O] 492
Chapter 34 TDS in case of specified senior citizen [Section 194P] 510
Chapter 35 TDS on Payment of Certain Sum for Purchase of Goods [Section 194-Q] 514
Chapter 36 TDS on Benefit of Perquisite in Respect of Business or Profession [Section 194-R] 532
Chapter 37 TDS on Payment on Transfer of Virtual Digital Asset [Section 194-S] 547
Chapter 37A Payments to partners of Firms [Section 194T] 559
Chapter 38 TDS from Payments (other than Salary) to Non-residents and Foreign Company [Sections 195, 196A, 196B, 196C and 196D] 562
Chapter 39 Other Provisions Relating to TDS [Sections 195A to 206AB] 627
Chapter 40 Tax Collection at Source [Sections 206C, 206CC and 206CCA] 676
Chapter 41 Statement/Return of Tax Deducted/Collected at Source [Sections 200(3), 206A, 206C(3), 206C(3B), 206C(5) and 206C(5A) to 206C(5D), 206CB] 709
Chapter 42 Consequences of Defaults [Sections 201, 206C(6) to (8), 234E, 271C, 271CA, 271H, 272A(2), 272BB, 276B and 276BB] 727
Chapter 43 Equalisation Levy 758
Chapter 44 Advance Payment of Tax [Sections 207-211, 218 and 219] 778
Chapter 45 Refunds [Sections 237 to 242 and 245] 798
Appendix 1 Relevant Rules 811
Appendix 2 Recent Judicial Decisions 847
Appendix 3 Relevant Circulars and Notifications 917
Appendix 4 Relevant Forms 1161
Appendix 5 Notified Foreign Institutional Investors 1276