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Deduction Of Tax At Source (TDS) & Collection Of Tax At Source (TCS)

Deduction Of Tax At Source (TDS) & Collection Of Tax At Source (TCS)

by Ram Dutt Sharma
TDS TCS
About Book:

In the present scenario, the provisions of the Income Tax Act relating to Tax Deduction at Source “TDS” are of immense importance when TDS collections account for almost 40% of total collection of Direct Taxes. TDS is a mechanism of collecting tax which combines twin concepts of “pay as you earn” and “collect as it is being earned.” It is one of the modes or mechanisms of collecting tax under the Indian Income Tax Act, 1961. It facilitates the Government with a continuous flow of funds and at the same time, eases the burden on the taxpayer.

This book deals with all the legal aspects of Tax deduction at source and Tax collection at source under the Income Tax Law. It brings out all the essential aspects of TDS and TCS and will be of very great use to the all concerns. It will also be a comprehensive aid to all the concerns for understanding the complex provisions of TDS and TCS.

Each chapter provides the introduction, conditions and other requirements to be fulfilled. This book contains all aspects of Tax Deduction at Source (TDS) and Tax collection at source (TCS), the detailed scheme of TDS and TCS, various deductions under TDS and TCS, procedural compliances as well as consequences for noncompliance. In the end chapter tax rates of TDS and TCS have been provided for a ready reference.

Categories: Direct Taxes
Publisher: Commercial Law Publishers (India) Pvt. Ltd.
About Publisher:

Commercial LAW PUBLISHERS (INDIA) PVT. LTD. which is in the legal publishing business for nearly three decades is now one of the top ranking legal publishers in India–recognized and accepted by diverse professionals and business entities as well as Government Departments in view of the high quality, practical utility as well as diversity in subjects on which it brings out Books. It has the powerful backing of its vast exposure as the leading Books Distributor All over India for over 45 years. From just a couple of titles during the first few years of its publishing activity, Commercial has now around 200 titles and over 350 Bare Acts & Manuals in the field of Direct Indirect Taxes, Corporate Law and Civil/Criminal Laws. It successfully launched the Bare Acts project in the year 1996 and has so far brought out over 350 updated Bare Acts. These are much sought after since these Bare Acts are annotated ones containing notes and brief comments, thus enhancing their utility. Commercial has been bold enough to bring out Books, Commentaries and Referencers on hitherto untouched subjects like Legal Metrology. It has a record number of publications on Income Tax, Company Law, Customs, GST and Students Publications for CA & CS by bringing out high quality publications at affordable prices and is an highly ethical business enterprise. Commercial has withstood the market competition successfully over the years including competition from Foreign publishers and strives its best to serve the legal and corporate professionals better and better every day with its novel ideas and business strategy. Commercial is backed by a team of highly competent in-house professional experts supplemented by high profile authors who have stood by it for decades.

Author: Ram Dutt Sharma
About Author:
Ram Dutt Sharma :

Ram Dutt Sharma was born on 27th June, 1958 in Narnaul, Haryana. He got his post-graduation from M.D. University, Rohtak in 1980. He joined the Income tax Department in the year 1983and retiredas Income Tax Officer on 30.06.2018. He worked at various stations of North-West Region of Income-tax Department. He has wide experience of all wings of Income-tax Department such as Assessment Unit, Special Range, TDS Wing, Investigation Wing, etc. He has been Contributing articles and addressing on topics relating to Income Tax at Direct Tax, Regional Training Institute, Chandigarh. He has also addressed number of seminars organized by the Income-tax Department, Chartered Accountants, Advocates and various Trade Associations.
He is also author of following books:
(i) Computation of Income from Salary under income-tax law with tax planning;
(ii) Computation of Income from House Property;
(iii) Formation and Management of Charitable and Religious Trust, Educational and Medical Institutions under income-tax law;
(iv) Taxation of Non-Resident Indians under income-tax law;
(v) Understanding – Taxes in India;
(vi) Computation of Income from Capital Gains;
(vii) Law and Procedure of Filing of Appeals under Income-tax Law;
(viii) Computation of Depreciation under Income-tax Act, 1961 & Companies Act, 2013;
(ix) Escapement of Income under Income-tax Law;
(x) Taxation of Income from other Sources;
(xi) Law relating to Income-tax Survey;
(xii) Taxation of Undisclosed Income under Income-tax law;
(xiii) Deduction of Tax at Source (TDS) & Collection of Tax at Source (TCS);
(xiv) Taxation of Income from Business or Profession;
(xv) Formation, Management & Taxation of Hindu Undivided Families (HUF);
(xvi) Search & Seizure under Income-tax Law;
(xvii) Offences and Prosecution under Income-tax Laws;
(xviii) Understanding of Faceless Income Tax E-Assessment Scheme for taxpayers;
(xix) Understanding of provisions of Prohibition of Benami Property Transactions Act, 1988;
(xx) Penalties Imposable under Income-tax Laws
(xxi) Vivad Se Vishwas Scheme, 2020
All these books have been highly appreciated by the tax experts, taxpayers and tax administrators.
AWARDS
He is recipient of first-ever Finance Minister’s Award 2017, the Income Tax Department’s highest honour for sustained devotion, commitment to duty & promoting excellence in the field of Direct Taxation at National Level. The Hon’ble Union Finance Minister, Shri Arun Jaitley conferred this Finance Minister’s Award for Excellence for his meritorious services at Vigyan Bhawan, New Delhi on 24-07-2017.
CERTIFICATE OF APPRECIATION
Awarded by Hon’ble Member (Revenue & TPS), CBT, Special Secretary to the Government of India Certificate of Appreciation for his contribution recognized and included in the chapter “Miscellaneous Orders” in “Let Us Share–A compilation of Best Practices & Orders” Vol.–VIII released on 31st of October, 2016. Awarded by Hon’ble Member (Revenue & TPS), CBT, Special Secretary to the Government of India Certificate of Appreciation for his contribution recognized and included in the chapter “Miscellaneous Orders” in “Let Us Share–A compilation of Best Practices & Orders” Vol.–VIII released on 31st of October, 2016.


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Ratings and Reviews

Overall Rating
Review
TDS TCS
About Book:

In the present scenario, the provisions of the Income Tax Act relating to Tax Deduction at Source “TDS” are of immense importance when TDS collections account for almost 40% of total collection of Direct Taxes. TDS is a mechanism of collecting tax which combines twin concepts of “pay as you earn” and “collect as it is being earned.” It is one of the modes or mechanisms of collecting tax under the Indian Income Tax Act, 1961. It facilitates the Government with a continuous flow of funds and at the same time, eases the burden on the taxpayer.

This book deals with all the legal aspects of Tax deduction at source and Tax collection at source under the Income Tax Law. It brings out all the essential aspects of TDS and TCS and will be of very great use to the all concerns. It will also be a comprehensive aid to all the concerns for understanding the complex provisions of TDS and TCS.

Each chapter provides the introduction, conditions and other requirements to be fulfilled. This book contains all aspects of Tax Deduction at Source (TDS) and Tax collection at source (TCS), the detailed scheme of TDS and TCS, various deductions under TDS and TCS, procedural compliances as well as consequences for noncompliance. In the end chapter tax rates of TDS and TCS have been provided for a ready reference.

Categories: Direct Taxes
Publisher: Commercial Law Publishers (India) Pvt. Ltd.
About Publisher:

Commercial LAW PUBLISHERS (INDIA) PVT. LTD. which is in the legal publishing business for nearly three decades is now one of the top ranking legal publishers in India–recognized and accepted by diverse professionals and business entities as well as Government Departments in view of the high quality, practical utility as well as diversity in subjects on which it brings out Books. It has the powerful backing of its vast exposure as the leading Books Distributor All over India for over 45 years. From just a couple of titles during the first few years of its publishing activity, Commercial has now around 200 titles and over 350 Bare Acts & Manuals in the field of Direct Indirect Taxes, Corporate Law and Civil/Criminal Laws. It successfully launched the Bare Acts project in the year 1996 and has so far brought out over 350 updated Bare Acts. These are much sought after since these Bare Acts are annotated ones containing notes and brief comments, thus enhancing their utility. Commercial has been bold enough to bring out Books, Commentaries and Referencers on hitherto untouched subjects like Legal Metrology. It has a record number of publications on Income Tax, Company Law, Customs, GST and Students Publications for CA & CS by bringing out high quality publications at affordable prices and is an highly ethical business enterprise. Commercial has withstood the market competition successfully over the years including competition from Foreign publishers and strives its best to serve the legal and corporate professionals better and better every day with its novel ideas and business strategy. Commercial is backed by a team of highly competent in-house professional experts supplemented by high profile authors who have stood by it for decades.

Author: Ram Dutt Sharma
About Author:
Ram Dutt Sharma :

Ram Dutt Sharma was born on 27th June, 1958 in Narnaul, Haryana. He got his post-graduation from M.D. University, Rohtak in 1980. He joined the Income tax Department in the year 1983and retiredas Income Tax Officer on 30.06.2018. He worked at various stations of North-West Region of Income-tax Department. He has wide experience of all wings of Income-tax Department such as Assessment Unit, Special Range, TDS Wing, Investigation Wing, etc. He has been Contributing articles and addressing on topics relating to Income Tax at Direct Tax, Regional Training Institute, Chandigarh. He has also addressed number of seminars organized by the Income-tax Department, Chartered Accountants, Advocates and various Trade Associations.
He is also author of following books:
(i) Computation of Income from Salary under income-tax law with tax planning;
(ii) Computation of Income from House Property;
(iii) Formation and Management of Charitable and Religious Trust, Educational and Medical Institutions under income-tax law;
(iv) Taxation of Non-Resident Indians under income-tax law;
(v) Understanding – Taxes in India;
(vi) Computation of Income from Capital Gains;
(vii) Law and Procedure of Filing of Appeals under Income-tax Law;
(viii) Computation of Depreciation under Income-tax Act, 1961 & Companies Act, 2013;
(ix) Escapement of Income under Income-tax Law;
(x) Taxation of Income from other Sources;
(xi) Law relating to Income-tax Survey;
(xii) Taxation of Undisclosed Income under Income-tax law;
(xiii) Deduction of Tax at Source (TDS) & Collection of Tax at Source (TCS);
(xiv) Taxation of Income from Business or Profession;
(xv) Formation, Management & Taxation of Hindu Undivided Families (HUF);
(xvi) Search & Seizure under Income-tax Law;
(xvii) Offences and Prosecution under Income-tax Laws;
(xviii) Understanding of Faceless Income Tax E-Assessment Scheme for taxpayers;
(xix) Understanding of provisions of Prohibition of Benami Property Transactions Act, 1988;
(xx) Penalties Imposable under Income-tax Laws
(xxi) Vivad Se Vishwas Scheme, 2020
All these books have been highly appreciated by the tax experts, taxpayers and tax administrators.
AWARDS
He is recipient of first-ever Finance Minister’s Award 2017, the Income Tax Department’s highest honour for sustained devotion, commitment to duty & promoting excellence in the field of Direct Taxation at National Level. The Hon’ble Union Finance Minister, Shri Arun Jaitley conferred this Finance Minister’s Award for Excellence for his meritorious services at Vigyan Bhawan, New Delhi on 24-07-2017.
CERTIFICATE OF APPRECIATION
Awarded by Hon’ble Member (Revenue & TPS), CBT, Special Secretary to the Government of India Certificate of Appreciation for his contribution recognized and included in the chapter “Miscellaneous Orders” in “Let Us Share–A compilation of Best Practices & Orders” Vol.–VIII released on 31st of October, 2016. Awarded by Hon’ble Member (Revenue & TPS), CBT, Special Secretary to the Government of India Certificate of Appreciation for his contribution recognized and included in the chapter “Miscellaneous Orders” in “Let Us Share–A compilation of Best Practices & Orders” Vol.–VIII released on 31st of October, 2016.

Similar Books

Ratings and Reviews

Overall Rating
Review
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