Taxmann Deduction of Tax at Source with Advance Tax and Refunds by Vinod K Singhania – 35th Edition April 2022

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 35^th Edition, authored by Dr Vinod K. Singhania. This book is amended by the Finance Act, 2022 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 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 puzzles, card games or other games
  • Winnings from a lottery, crossword puzzle, card games, or other 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 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 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 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 bond 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

Details