Bharat’s Handbook on Tax Deduction At Source Including Tax Collection At Source As amended by the Finance Act 2023 by TN Manoharan & PT JOY Edition 2023

Bharat’s Handbook on Tax Deduction At Source Including Tax Collection At Source As amended by the Finance Act 2023 by TN Manoharan & PT JOY Edition 2023

Bharat’s Handbook on Tax Deduction At Source Including Tax Collection At Source As amended by the Finance Act 2023 by TN Manoharan & PT JOY Edition 2023

CONTENTS

1 COLLECTION AND RECOVERY OF TAX – INTRODUCTION
2 SECTION 192 – TDS ON SALARY
3 SECTION 193 – TDS FROM INTEREST ON SECURITIES
4 SECTION 194 – TDS FROM DIVIDENDS
5 SECTION 194A – TDS FROM INTEREST OTHER THAN INTEREST ON SECURITIES
6 SECTION 194B – TDS FROM WINNINGS FROM LOTTERY OR CROSSWORD PUZZLE
7 SECTION 194BB – TDS FROM WINNINGS FROM HORSE RACES
8 SECTION 194C – TDS FROM PAYMENTS TO CONTRACTORS
9 SECTION 194D – TDS ON INSURANCE COMMISION
10 SECTION 194DA – TDS FROM PAYMENT IN RESPECT OF LIFE INSURANCE POLICY
11 SECTION 194E – TDS FROM PAYMENTS TO NON RESIDENT SPORTSMEN OR SPORTS ASSOCIATIONS
12 SECTION 194EE – TDS FROM PAYMENTS IN RESPECT OF DEPOSITS UNDER NATIONAL SAVINGS SCHEME, ETC
13 SECTION 194F – TDS FROM PAYMENT ON ACCOUNT OF REPURCHASE OF UNITS BY MUTUAL FUND OR UNIT TRUST OF INDIA
14 SECTION 194G – TDS ON COMMISION ETC, ON SALE OF LOTTERY TICKETS
15 SECTION 194H – TDS ON COMMISION AND BROKEAGE
16 SECTION 194-I – TDS FROM RELIEF
17 SECTION 194-IA – TDS ON PAYMENT ON TRANSFER OF CERTAIN IMMOVABLE PROPERTY ( OTHER THAN AGRICULTURAL LAND )
18 SECTION 194IB – TDS ON PAYMENT OF RENT BY CERTAIN INDIVIDUALS OR HINDU UNDIVIDED FAMILY ( W.E.F. 01-06-2017 )
19 SECTION 194-IC – TDS ON PAYMENT UNDER SPECIFIED AGREEMENT (W.E.F. 01-04-2017)
20 SECTION 194J – TDS FROM FEES FOR PROFESSIONAL OR TECHNICAL SERVICES OR ROYALTY OR NON-COMPETE FEE
21 SECTION 194LA – TDS ON PAYMENT OF COMPENSATION ON ACQUISITION OF CERTAIN IMMOVABLE PROPERTY ( OTHER THAN AGRICULTURAL LAND )
22 SECTION 194LB – TDS FROM INCOME BY WAY OF INTEREST FROM INFRASTRUCTURE DEBT FUND
23 SECTION 194LBA – TDS ON INCOME FROM UNITS OF BUSINESS TRUSTS
24 SECTION 194LBB – TDS FROM INCOME IN RESPECT OF UNITS OF INVESTMENT FUND
25 SECTION 194LBC – TDS FROM INCOME IN RESPECT OF INVESTMENT IN SECURITIZATION TRUST (W.E.F. 01-06-2016 )
26 SECTION 194LC – TDS ON INCOME BY WAY OF INTEREST FROM INDIAN COMPANY OR THE BUSINESS TRUSTS
27 SECTION 194LD – TDS FROM INCOME BY WAY OF INTEREST ON CERTAIN BONDS AND GOVERNMENT SECURITIES
28 SECTION 195 – OTHER SUMS
29 SECTION 195A – INCOME PAYABLE NET OF TAX
30 SECTION 196 – TDS FROM INTEREST OR DIVIDEND OR OTHER SUMS PAYABLE TO GOVERNMENT, RESERVE BANK OR CERTAIN CORPORATIONS
31 SECTION 196A – TDS FROM INCOME IN RESPECT OF UNITS OF NON-RESIDENTS
32 SECTION 196B – TDS ON INCOME FROM UNITS
33 SECTION 196C – TDS FROM INCOME FROM FOREIGN CURRENCY BONDS OR SHARES OF INDIAN COMPANY
34 SECTION 196D – TDS FROM INCOME OF FOREIGN INSTITUTIONAL INVESTORS FROM SECURITIES
35 MISCELLANEOUS PROVISIONS OF TDS
36 SECTION 206C – TAX COLLECTION AT SOURCE
37 CERTIFICATE STATEMENT AND RETURN OF TAX DEDUCTED/COLLECTED AT SOURCE
38 CONSEQUENCES OF FAILURE TO DEDUCT OR PAY