Taxmann’s TDS Ready Reckoner as Amended by Finance Act 2023 Edition 2023

Taxmann’s TDS Ready Reckoner as Amended by Finance Act 2023 Edition 2023

Taxmann’s TDS Ready Reckoner provides a ready referencer on all Sections of TDS and TCS. All provisions of TDS and TCS are covered in independent chapters with prominent headings for pin-pointed discussions on all aspects of law and compliances. The key highlights of this book are as follows:

Alphabetical TDS Reckoner

Your Queries on TDS

TDS Charts

FAQs on the following:

Section(s) 194P/194Q & 206C(1H)

Deferment of TDS on ESOPs by Start-ups

The Present Publication is the Latest Edition and amended as per the following:

The Finance Act 2021

The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020

This book is 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:

[Tabular Format] Overview of all provisions of TDS and TCS in tabular Format

Information about all the interconnected provisions are provided at a single place

[Detailed Analysis] of TDS and TCS provisions

[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 (Section 192)

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 Horse Races

Deduction of Tax at Source from Payments to Contractors/Sub-Contractors

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 Payments by E-Commerce Operator to E-Commerce Participant

Deduction of Tax at Source on Payment of Certain Sum for Purchase of Goods

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 Bond or Global Depository Receipts of Indian Company

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 (Section 197)

Non-Deduction of Tax based on Self Declaration of Deductee in Form 15G/Form 15H (Section 197A)

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 (Section 203)

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 of Financial Transactions

Reduction in Rate of Tax Deduction at Source (TDS) & Tax Collection at Source

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of Editor In-Chief Mr. Rakesh Bhargava.

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