Deduction of Tax at Source with Advance Tax and Refunds

This book provides legal analysis of the provisions relating to TDS, TCS, Advance Tax and Refunds under the Income-tax Act. It also includes guidance on all practical problems supported by illustrations and legal jurisprudence.

The Present Publication is the 36th Edition and has been amended by the Finance Act 2023. This book is authored by Dr Vinod K. Singhania and divided into four divisions, namely:

Deduction of Tax at Source
Advance Tax
Tax Collection at Source
Refund
The key features of the book are as follows:

[Detailed Analysis] of TDS and TCS provisions
[40+ Original Illustrations] for easy understanding of various complex provisions
[Case Laws] covering the ratio of all important Case Laws relating to TDS & TCS
[Complete Analysis of the Rules] prescribed for TDS and TCS provisions
[Guidance on the Controversial Issues] with supporting Case Laws
[Circulars and Notifications] are linked with the relevant provisions
[Referencer] for the following:
Tax Rates w.r.t. to TDS
Withholding Tax Rates
Rates for TCS
Advance Tax Rates
Calendar for TDS, TCS & Advance Payment of Tax
The detailed contents of the book are as follows:

Deduction of Tax at Source
Deduction of Tax at Source from Salary
How to work out the estimated salary and quantum of tax to be deducted therefrom
Tax deduction from the accumulated balance of provident fund due to an employee
How to compute taxable premature withdrawal of provident fund and tax to be deducted therefrom
Deduction of tax at source from interest on securities
How to compute interest on securities and tax-deductible therefrom at source
Deduction of tax at source from dividend
How to compute dividends and tax-deductible therefrom
Deduction of tax at source from interest other than interest on securities
How to compute interest (other than interest on securities) and tax-deductible therefrom
Tax deduction from winnings from the lottery, crossword puzzle, card games or other games or winnings from online games
Winnings from a lottery, crossword puzzle, card games, or other games/winnings from online games and tax to be deducted therefrom
Tax deduction from winnings from horse race
Winnings from horse races and tax to be deducted thereon
Tax deduction from payments to contractors
What constitutes a payment to contractor/sub-contractor, and how much tax is to be deducted therefrom
Tax deduction from the insurance commission
How to compute insurance commission and tax to be deducted therefrom
Tax deduction from payment in respect of life insurance policy
How to compute tax to be deducted from payment in respect of life insurance policy
Deduction of tax at source from national savings scheme
How to compute the amount referred to in Section 80CCA(2)(a) and tax to be deducted therefrom
Deduction of tax at source on account of repurchase of units by mutual funds or Unit Trust of India
How to compute the amount referred to in Section 80CCB(2) and tax to be deducted therefrom
Deduction of tax at source from the commission on the sale of lottery tickets
How to compute commission on the sale of lottery tickets and tax-deductible therefrom
Tax deduction from commission or brokerage
How to compute commission or brokerage and tax to be deducted therefrom
Tax deduction from rent
How to compute rent and tax to be deducted therefrom
Deduction of tax at source from the consideration payable for acquisition of immovable property other than agricultural land in a rural area
How to compute tax-deductible from payment of consideration for the acquisition of any immovable property
Tax deduction from payment of rent by certain individuals and HUFs
How to compute tax-deductible from Rent under Section 194-IB
Tax deduction from payment under a specified agreement
How to compute consideration which is subject to tax deduction under Section 194-IC
Deduction of tax at source from fees for technical or professional services or royalty
How to compute fees for professional and technical services and royalty and tax-deductible therefrom
Deduction of tax at source from income in respect of units
How to compute income in respect of units and tax-deductible therefrom
Deduction of tax at source from payment of compensation on acquisition of immovable property
How to compute tax-deductible from payment of compensation on acquisition of immovable property
Deduction of tax at source from income by way of interest from infrastructure debt fund
How to compute tax-deductible from payment of interest on infrastructure debt fund
Deduction of tax at source from interest on units of business trust
How to compute tax-deductible from payment of interest on units of business trust
Deduction of tax at source from income in respect of units of investment fund/securitisation trust
How to compute tax-deductible from income in respect of units of investment trust/securitisation trust
Deduction of tax at source from income by way of interest from Indian company under Section 194LC
How to compute tax-deductible from interest payable to a non-resident/foreign company
Deduction of tax at source from interest on certain bonds and government securities under Section 194LD
How to compute tax deduction from interest payable under Section 194LD
Tax deduction from payment to a resident contractor, broker or professional by certain individuals and HUFs
How to compute tax-deductible from payment/credit to a contractor, professional or broker under Section 194M
Deduction of tax at source from cash payment to account holders under Section 194N
How to compute tax-deductible from cash payment to account holders under Section 194N
Deduction of tax at source from payments to e-commerce participants
How to compute income and tax-deductible therefrom
Deduction of tax at source from the income of a specified senior citizen
How to compute income or specified senior citizen and tax-deductible therefrom
Deduction of tax at source on payment for the purchase of goods
How to compute tax to be deducted under Section 194Q
Deduction of tax at source on benefit or perquisite in respect of business or profession
How to compute the value of benefit or prerequisite and tax-deductible therefrom
Deduction of tax at source from payment on transfer of virtual digital asset
How to compute tax to be deducted under Section 194S
Tax deduction from payments to non-residents
How to compute the amount payable to non-residents and tax to be deducted therefrom
Deduction of tax at source from the income of units of offshore fund
How to compute the amount of tax deduction under Section 196B
Deduction of tax at source from income from foreign currency bonds or shares of an Indian company
How to compute the amount of tax deduction under Section 196C
Deduction of tax at source from the income of foreign institutional investors from securities
How to compute the amount of tax deduction under Section 196D
Advance Tax
Income liable to advance tax
Liability to advance tax – when arises
Due dates of payments
Computation of advance tax liability
Interest payable by the assessee/government
Tax Collection at Source
Refund
Refund for the excess payment
Interest on refund