Taxmann’s TDS Ready Reckoner – 1st Edition April 2021

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

Details