Handbook on Tax Deduction at Source, 2017 by Dr Girish Ahuja & Dr Ravi Gupta

Handbook on Tax Deduction at Source

During the recent past there have been lot of changes relating to scope of Deduction/Collection of tax at source and in the procedures for filing of TDS/ TCS returns. There is more emphasis on electronic filing of TDS/TCS returns. Therefore, the professionals and the persons responsible for complying with the provisions of deduction and collection of tax at source need for a hand book on the subject which could provide the latest information in a concise and simple manner so that the intricate subject could be easily and properly complied with.

An attempt has been made in this book to clarify the issues arising out of the current amendments in a concise and an easy to understand manner. Even the last minute changes in the provisions relating to this subject have been incorporated in the book. A separate Chapter is devoted to the procedures regarding Electronic Filing of TDS/TCS Returns.

Key Features

Lucid commentary on TDS/TCS with Illustrations
Incorporating all the latest amendments
Highlighted the amendments brought in by the Finance Act, 2017
Reference to important recent judicial decisions
Covering FAQs on TDS/TCS in a separate chapter
Tables having rates of TDS from Salary and Advance Tax Calculation Formula for the FY 2017-18

Table of Contents

Preface to the Thirteenth Edition

Detailed Contents

Chapter 1 : System of Collection of Tax [Sections 190 and 191]

Chapter 2 : TDS from Salary [Section 192]

Chapter 3 : How to Compute Income under the Head “Salaries” for Purposes of TDS[Sections 15 to 17]

Chapter 4 : TDS from Payment of Accumulated Balance due to an Employee from Recognised 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 Sub-contractor) [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 Payment of Compensation on Acquisition of Certain Immovable Property [Section 194LA]

Chapter 23 : TDS from Income by Way of Interest from Infrastructure Debt Fund [Section 194LB]

Chapter 24 : Distributed Income of the Nature Referred to in Section 10(23FC) and 10(23FCA) Payable by Business Trust to Unit Holder [Section 194LBA]

Chapter 25 : TDS from Income in Respect of Units of Investment Fund [Section 194LBB]

Chapter 26 : TDS from Income in Respect of Investment in Securitisation Trust [Section 194LBC]

Chapter 27 : TDS from Income by Way of Interest from Indian Company or the Business Trust [Section 194LC]

Chapter 28 : TDS on Income by Way of Interest on Certain Bonds and Government Securities [Section 194LD]

Chapter 29 : TDS from Payments (other than Salary) to Non-residents and Foreign Company [Sections 195, 196A, 196B, 196C and 196D]

Chapter 30 : Other Provisions Relating to TDS [Sections 195A to 206AA]

Chapter 31 : Tax Collection at Source [Section 206C and 206CC]

Chapter 32 : Statement/Return of Tax Deducted/ Collected at Source [Sections 200(3), 203AA, 206A, 206C(3), (3B), (5) and (5A) to (5D), 206CB]

Chapter 33 : Consequences of Defaults [Sections 201, 206C(6) to (8), 234E, 271C, 271CA, 271H, 272A(2), 272BB, 276B and 276BB]

Chapter 34 : Frequently Asked Questions

Appendix 1 : Rates of Deduction of Tax at Source From Salary for the Financial Year 2017-2018

Appendix 2 : Tax Deduction at Source From Monthly Taxable Salary During the Financial Year 2017-18

Appendix 3 : Advance Tax/Income Tax Calculation by Formula