Tds and tcs sections

Deduction And Collection Of Tax At Source

• Section 200 – Duty Of Person Deducting Tax
• Section 272A – Penalty For Failure to Furnish Statement
• Section 276B – Prosecution
• Section 197 – Certificate For Deduction At Lower Rate
• Section 197A – No Deduction To Be Made In Certain Cases
• Section 206AA – Requirement to Furnish Permanent Account Number Tax Deduction at Higher Rate For Failure to Furnish PAN
• Section 200A – Processing of Statement of Tax Deducted at Source
• Section 191 – Direct Payment of Tax By The Assessee
• Section 201 – Consequences Of Failure To Deduct Or Pay TDS

Tax Deduction At Source

• Section 192 – TDS On Salaries
• Section 193 – TDS On Interest On Securities
• Section 194 – TDS On Dividends
• Section 194A – TDS On Interest Other Than "Interest On Securities"
• Section 206A –  Furnishing Of Quarterly Return In Respect Of Payment Of Interest To Residents Without Deduction Of Tax
• Section 194B – TDS On Winnings From Lottery Or Crossword Puzzle
• Section 194BB – TDS On Winnings From Horse Race
• Section 194C – TDS On Payments To Contractors And Sub-Contractors
• Section 194D – TDS On Insurance Commission
• Section 194E – TDS On Payment To Non-Resident Sportsmen Or Sports Associations
• Section 194G – TDS On Commission, Etc. On The Sale Of Lottery Tickets
• Section 194H – TDS On Commission Or Brokerage
• Section 194-I – TDS On Rent

-          Clarification from CBDT

-          Circular No. 5/2001 Dated 2.3.2001

-          Extract of Circular No. 5/2002 Dated 30.7.2002

-          Circular No. 4/2008 Dated 28.04.2008

-          Circular No. 1/2008 Dated 10.1.2008

• Section 194J – TDS On Fees For Professional Or Technical Services

-          Notification No. 88/2008 Dated 21.8.2008

-          Clarification from CBDT

• Section 194LA – Payment Of Compensation On Acquisition Of Certain Immovable Property

• Section 195 – TDS On Other Sums
• Section 195A – Income Payable "Net Of Tax"
• Section 196 –  Interest Or Other Sums Payable To Government, Reserve Bank Or Certain Corporations
• Section 196B – TDS On Income From Units
• Section 196C – TDS On Income From Foreign Currency Bonds Or Shares Of Indian Company
• Section 196D – TDS On Income Of Foreign Institutional Investors From Securities
• Section 198 – Tax Deducted Is Income Received
• Section 199 – Credit For Tax Deducted

Tax Collection At Source

• Section 206C(1) – Profit And Gains From Business Of Trading In Alcoholic Liquor, Forest Produce, Scrap, Etc.
• Section 203A – Tax Deduction And Collection Account Number