Interest on TDS Litigations - Taxsutra Reservoir

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Interest on TDS Litigations

(Chalk Out Your Path)
by Kasi Viswanathan V
Categories: Direct Taxes
Publisher: Taxsutra and Bharat Law House Pvt Ltd
About Book:

With every passing year, Income Tax TDS (Tax Deduction at Source) provisions continue to get wider and deeper. Especially in recent years wherein goods, virtual digital assets have also come within confines of TDS provisions, TDS has become ubiquitous and is gaining interest. Enlargement of scope coupled with practical challenges results into unintended TDS defaults. TDS defaults qua tax is to an extent insulated by the actual payment of tax by the recipient of income, it is the interest liability on such TDS defaults which annoys the most. This book is an attempt to assimilate the contours of the levy of interest on TDS defaults. Foremost object is to being mindful that TDS is one of the modes of recovery of tax. Therefore, proceedings in respect of the same should be given its commensurate share of importance and avoid extremes i.e., no more and no less.

Chapters are not watertight compartments, there are lot of common grounds across the same, they have split under different heads for ease of understanding. Reference is made extensively to various case-laws which has influenced understanding of the topic and kindled the thought process. Brief digest of the decisions or extract of the relevant portion from the decisions are placed under the caption ‘significant pointers’ along with author’s comments in order to distinguish between the aspects flowing from the decision and aspects from the author’s understanding of the same.

Book aims to act as guide in devising one’s path when confronted with interest demands under section 201(1A). It endeavours to bring out a unified approach from all stakeholders in comprehending Chapter XVII as one integrated code.

The book will be very useful to the tax administrators, lawyers, chartered accountants and consultants in understanding the subject and putting it to practical use.

Author: Kasi Viswanathan V
About Author:
Kasi Viswanathan V :

The Author is a member of the Institute of Chartered Accountants of India. The author has completed a Master of Business Laws (MBL) course from National Law School of India University, Bengaluru. The Author has secured All India Rank in CA Final Examination held in November 2009. The author has 14 years of experience handling tax functions in large MNCs. The author has written and contributed articles in various online tax portals.

About Publisher:

About Taxsutra:

Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.

Taxsutra suite of portals : 

1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law 
6.  Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)

About Bharat Law House Pvt Ltd

Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.  

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Overall Rating
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Categories: Direct Taxes
Publisher: Taxsutra and Bharat Law House Pvt Ltd
About Book:

With every passing year, Income Tax TDS (Tax Deduction at Source) provisions continue to get wider and deeper. Especially in recent years wherein goods, virtual digital assets have also come within confines of TDS provisions, TDS has become ubiquitous and is gaining interest. Enlargement of scope coupled with practical challenges results into unintended TDS defaults. TDS defaults qua tax is to an extent insulated by the actual payment of tax by the recipient of income, it is the interest liability on such TDS defaults which annoys the most. This book is an attempt to assimilate the contours of the levy of interest on TDS defaults. Foremost object is to being mindful that TDS is one of the modes of recovery of tax. Therefore, proceedings in respect of the same should be given its commensurate share of importance and avoid extremes i.e., no more and no less.

Chapters are not watertight compartments, there are lot of common grounds across the same, they have split under different heads for ease of understanding. Reference is made extensively to various case-laws which has influenced understanding of the topic and kindled the thought process. Brief digest of the decisions or extract of the relevant portion from the decisions are placed under the caption ‘significant pointers’ along with author’s comments in order to distinguish between the aspects flowing from the decision and aspects from the author’s understanding of the same.

Book aims to act as guide in devising one’s path when confronted with interest demands under section 201(1A). It endeavours to bring out a unified approach from all stakeholders in comprehending Chapter XVII as one integrated code.

The book will be very useful to the tax administrators, lawyers, chartered accountants and consultants in understanding the subject and putting it to practical use.

Author: Kasi Viswanathan V
About Author:
Kasi Viswanathan V :

The Author is a member of the Institute of Chartered Accountants of India. The author has completed a Master of Business Laws (MBL) course from National Law School of India University, Bengaluru. The Author has secured All India Rank in CA Final Examination held in November 2009. The author has 14 years of experience handling tax functions in large MNCs. The author has written and contributed articles in various online tax portals.

About Publisher:

About Taxsutra:

Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.

Taxsutra suite of portals : 

1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law 
6.  Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)

About Bharat Law House Pvt Ltd

Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.  

Similar Books

Ratings and Reviews

Overall Rating
Review
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