TDS Ready Reckoner

This book provides a ready referencer for all sections of tax deducted at source (TDS) and tax collected at source (TCS) of the Income-tax Act. All provisions of TDS and TCS are covered in independent chapters with prominent headings for pinpointed discussions on all aspects of the law and its compliance. The key highlights of this book are as follows:

Alphabetical Reckoner of transactions for TDS/TCS/SFT
TDS Charts
The Present Publication is the 29th Edition and has been amended by the Finance Act 2023. This book is authored by Taxmann’s Editorial Board and divided into four divisions, namely:

Introduction
Tax Deduction at Source
Tax Collection at Source
Statement of Financial Transactions
The key features of the book are as follows:

[Detailed Analysis] of TDS and TCS provisions, including the new section 194BA (providing TDS on winnings from online games introduced by the Finance Act 2023)
[Tabular Format] to provide an overview of all provisions of TDS and TCS
[Information on all Interconnected Provisions] are provided in a single place
[Complete Analysis of the Rules] prescribed in respect of TDS and TCS
[Illustrations] for easy understanding of various complex provisions
[Guidance on the Controversial Issues] with supporting Case Laws
[Circulars and Notifications] are linked with the relevant provisions
[Forms] required for meeting compliance requirements
The detailed contents of the book are as follows:

Introduction
Overview of TDS/TCS Provisions
Tax Deduction at Source
TDS from Salaries
Deduction of Tax at Source from Employees’ Provident Fund Scheme
Deduction of Tax at Source from Interest on Securities
Deduction of Tax at Source from Dividends
Deduction of Tax at Source from Interest other than Interest on Securities
Deduction of Tax at Source from Winnings from Lottery or Crossword Puzzles, etc.
Tax on winning from Online Games
Deduction of Tax at Source from Winnings from Horse Races
Deduction of Tax at Source from Payments to Contractors/Sub-Contractors
Deduction of Tax at Source from Insurance Commission
Payment in respect of Life Insurance Policy
Deduction of Tax at Source from Payments Qua Deposits under NSS
Deduction of Tax at Source from Payments on Account of Repurchase of Units by Mutual Funds or Units by UTI
Deduction of Tax at Source from Commission on Sale of Lottery Tickets
Deduction of Tax at Source from Commission or Brokerage Payments
Deduction of Tax at Source from Rent Payments
Deduction of Tax at Source from Payment on Transfer of Certain Immovable Property
Deduction of Tax at Source from Rent Payments in Certain Cases
Deduction of Tax at Source from Joint Development Agreement
Deduction of Tax at Source from Fees for Professional or Technical Services
Deduction of Tax at Source from Income from Units
Deduction of Tax at Source on Payment of Compensation on Acquisitions of Certain Immovable Property
Income from Units of a Business Trust
Income from Units of an Investment Fund
Income from Investment in Securitisation Trust
Deduction of Tax at Source from Payments by Individual/HUF
Deduction of Tax at Source from certain Payments in Cash
Deduction of Tax at Source from Payments by E-Commerce Operator to E-Commerce Participant
Deduction of Tax at Source in case of Specified Senior Citizens
Deduction of Tax at Source on Payment of Certain Sum for Purchase of Goods
Deduction of Tax on the benefit of Perquisite in respect of Business or Profession
Deduction of Tax on Payment on Transfer of Virtual Digital Assets
Deduction of Tax at Source from Payments to Non-Residents
Deduction of Tax at Source from Income in Respect of Units of Non-Residents
Deduction of Tax at Source from Income from Units Payable to Off-Shore Funds
Deduction of Tax at Source on Income from Foreign Currency Bonds or Global Depository Receipts of Indian Companies
Deduction of Tax at Source from Income of Foreign Portfolio Investor from Securities
General Exemptions from Deduction of TDS
Certificate for Deduction of NIL/Lower TDS
Non-Deduction of Tax based on Self Declaration of Deductee in Form 15G/Form 15H
Credit for TDS [Section 199 Read with Rule 37BA] Deposit of TDS Deducted with Central Government (Section 200/Rule 30)
Filing of TDS Returns (Section 200(3)/Rule 31A)
TDS Certificates
Requirement on Payee to Furnish PAN/Aadhar Number for TDS (Section 206AA/Rule 37BC)
Special Provisions for Deduction of Tax at Source for Non-Filers of Income-Tax Return
Quarterly Returns by Banks to Report Interest Payments (Section 206A)
Consequences of Default in Obligations Relating to TDS
Tax Collection at Source
Statement on Financial Transactions