A Practical Approach to TDS & TCS (2nd Edition, 2024)
- Year of Publication: 2024
- Edition: 2nd
- ISBN: 978-81-977297-1-3
- No.of Pages: 577
In India, two key components of the taxation system that play a crucial part in the government revenue collection are Tax Deducted at Source (TDS) and Tax Collected at Source (TCS). Several provisions governing TDS and TCS in India have been amended.
This book "TDS: A 3-DEE System" provides an in-depth analysis of the TDS and TCS regulations in India The book is divided into various sections, each covering a specific aspect of TDS and TCS, including the various sections under which TDS is applicable, the time limit for depositing TDS, the forms and time limit for submitting TDS returns, and the consequences of non-compliance with TDS regulations.
The book also covers TCS regulations, including the mandatory requirement of furnishing PAN for TCS and disallowance of tax collected at source. This book is an excellent resource for finance professionals, tax practitioners, and anyone interested in understanding the TDS and TCS regulations in India.
TDS and TCS provisions can be very well described from the play of William Shakespeare Hamlet the Prince of Denmark 'I have to be cruel, only to be kind' Initially TDS or TCS provisions may sound cruel and harsh but they do act as a great weapon in the armoury of the government in collection of taxes for larger good. TDS is T(e)D(iou)S, the author strongly feels that TDS comprising of so many sections, rates, dates, etc. sometimes make it very mind numbing for the reader to understand and comprehend Tedious TDS so the author has given various practical examples to clear any ambiguity regarding TDS Provisions. Some of the sections or chapters are accompanied by diagrammatic representations for better comprehension and recollection in application of these sections.
Ravinder broke the custom of not indulging into his family business, rather he moved the steering wheel of his life towards Chartered Accountancy profession after graduating Bachelors of Commerce from DAV College, Jalandhar and simultaneously doing his Masters of Commerce from Himachal Pradesh University. He fulfilled his innate desire to understand the intricacies of legal world by doing Bachelors of Law from Guru Nanak Dev University, Amritsar.
Ravinder won various accolades of success to his name but all this was not built overnight, these laurels were achieved by sleepless nights and rigorous efforts and on his journey of acquiring and sharing of knowledge, he contributed to the profession by being Vice-Chairman of Jalandhar Branch of NIRC of ICAI from 1995-1998, Chairman of Jalandhar branch of NIRC of ICAI for the year 2008-2009, Member of Regional Tax Advisory Committee of CBDT, New Delhi, Member of Direct Tax Committee of ICAI for the Year 2011-2012, Special Invitee in Direct Tax Committee of ICAI for the Year 2012-2013, Member of Indirect Tax Committee of ICAI for the Year 2013-2014, Member of Board of Studies of ICAI for 2014-15, Senate Member of Guru Nanak Dev University, Amritsar from 01.07.2014 to 30.06.2016, Member of Committee on Economic, Commercial Laws & WTO and Economic Advisory of ICAI for the Year 2017-2018 and at present he is on the panel of authors of "Tax Guru", the well known website for dissemination of taxation and other related information.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
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- Year of Publication: 2024
- Edition: 2nd
- ISBN: 978-81-977297-1-3
- No.of Pages: 577
In India, two key components of the taxation system that play a crucial part in the government revenue collection are Tax Deducted at Source (TDS) and Tax Collected at Source (TCS). Several provisions governing TDS and TCS in India have been amended.
This book "TDS: A 3-DEE System" provides an in-depth analysis of the TDS and TCS regulations in India The book is divided into various sections, each covering a specific aspect of TDS and TCS, including the various sections under which TDS is applicable, the time limit for depositing TDS, the forms and time limit for submitting TDS returns, and the consequences of non-compliance with TDS regulations.
The book also covers TCS regulations, including the mandatory requirement of furnishing PAN for TCS and disallowance of tax collected at source. This book is an excellent resource for finance professionals, tax practitioners, and anyone interested in understanding the TDS and TCS regulations in India.
TDS and TCS provisions can be very well described from the play of William Shakespeare Hamlet the Prince of Denmark 'I have to be cruel, only to be kind' Initially TDS or TCS provisions may sound cruel and harsh but they do act as a great weapon in the armoury of the government in collection of taxes for larger good. TDS is T(e)D(iou)S, the author strongly feels that TDS comprising of so many sections, rates, dates, etc. sometimes make it very mind numbing for the reader to understand and comprehend Tedious TDS so the author has given various practical examples to clear any ambiguity regarding TDS Provisions. Some of the sections or chapters are accompanied by diagrammatic representations for better comprehension and recollection in application of these sections.
Ravinder broke the custom of not indulging into his family business, rather he moved the steering wheel of his life towards Chartered Accountancy profession after graduating Bachelors of Commerce from DAV College, Jalandhar and simultaneously doing his Masters of Commerce from Himachal Pradesh University. He fulfilled his innate desire to understand the intricacies of legal world by doing Bachelors of Law from Guru Nanak Dev University, Amritsar.
Ravinder won various accolades of success to his name but all this was not built overnight, these laurels were achieved by sleepless nights and rigorous efforts and on his journey of acquiring and sharing of knowledge, he contributed to the profession by being Vice-Chairman of Jalandhar Branch of NIRC of ICAI from 1995-1998, Chairman of Jalandhar branch of NIRC of ICAI for the year 2008-2009, Member of Regional Tax Advisory Committee of CBDT, New Delhi, Member of Direct Tax Committee of ICAI for the Year 2011-2012, Special Invitee in Direct Tax Committee of ICAI for the Year 2012-2013, Member of Indirect Tax Committee of ICAI for the Year 2013-2014, Member of Board of Studies of ICAI for 2014-15, Senate Member of Guru Nanak Dev University, Amritsar from 01.07.2014 to 30.06.2016, Member of Committee on Economic, Commercial Laws & WTO and Economic Advisory of ICAI for the Year 2017-2018 and at present he is on the panel of authors of "Tax Guru", the well known website for dissemination of taxation and other related information.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
