Practical Guide on TDS and TCS
- Year of Publication: 2021
- Edition: 20th
- ISBN: 978-93-90926-24-4
- No.of Pages: 584
Considering the ever-evolving nature of E-Governance in Tax Administration in areas relating to Tax Deduction / Collection at Source, the Tax Practitioners need to be up to date with the TDS / TDS Provisions / Procedures.The New edition of the Book provides concise and relevant information on the law relating to TDS and TCS, contained in the Income Tax Act, Rules, Circulars, and Notifications. Care has been taken to include all the pertinent details, so as to be User– friendly, and comprehensible for easy TDS/TCS compliance.
The book summarizes Provisions relating to TDS from every type of payment, viz. Salaries, Interest, Rent, Dividends, etc.. The book shall serve as a Referencing Tool while handling issues relating to TDS and TCS and shall be useful to professionals and academicians, and all persons who use reference materials in Tax law.
Highlights of the Book:
i) Ready Referencer for TDS & TCS Rates, for various Assessees under different situations.
ii) Simplified & Comprehensive procedure on the computation of Income under the head “Salaries” and “Income from House Property” for determining TDS on Salaries, Relief for VRS Compensation, Arrears of Salary, etc.
iii)All Latest Amendments of Finance Act, 2021, updated
iv) Answers to various queries on TDS
v) Provisions and Procedure for TCS
vi) Formalities and Procedure for e–TDS Return and e–TCS Return
vii) Extensive Coverage of Procedures to be followed in TRACES.
viii) A thoroughly updated FAQ’s on Online TDS and TCS Procedures.
ix) Various Forms relating to TDS/TCS provisions have been given in a separate Chapter.
G. Sekar is a Chartered Accountant in practice for the last 33 years.
Founder and Faculty of Direct Taxation in Shree Guru Kripa’s Institute of Management, an Institution providing education for all levels and all subjects of the Chartered Accountancy Courses and has trained many finance professionals.
Member – Central Council of ICAI – 2013-16, 2016-19 & 2019-22.
Chairman – Direct Taxes Committee of ICAI - 2014.
Chairman – Auditing And Assurance Standards Board of ICAI – 2019 & 2020.
Great Motivator for Chartered Accountants in Practice and in Employment, and CA Students, through his effective and convincingcommunication style.
1. Commerce Graduate, Gold Medalist & Rank Holder from Madurai Kamaraj University.
2. Member of Expert Study Group Committee, CBDT, New Delhi, to study the Direct Tax Code Bill in 2006.
3. Recipient of Special Award from the Income Tax Department in 2011, during their “150 years of Income Tax in India” Celebrations, for his contribution and service to the Income Tax Department.
4. Speaker on Budget, Direct and Indirect Taxation in Doordarshan & other Television Channels & Print Media Programmes.
5. Board Member, Airports Authority of India (2019-22).
6. Member of Consultative Advisory Group (CAG) of IFAC-2017-19, International Accounting Education Standards Board (IAESB).It is worthy to note that he is the First Indian to be part of the CAG.
7. Faculty Member of The Institute of Chartered Accountants of India and its Branches, and other Professional and Management Institutions,for CA Intermediate/IPCC and CA Final Level, for the subjects Income Tax, Service Tax, VAT, Direct Tax Law, etc.
8. Author of Professional Books – for Finance and Legal Professionals, Corporate Taxpayers, Banks, Officials of Income Tax Department, etc.
(a) Handbook on Direct Taxes – (Recommended for IRS Trainees at NADT)
(b) Professional Manual on Accounting Standards
(c) Practical Guide on TDS and TCS – (Approved Book for ITOs)
(d) Professional Guide to Tax Audit
(e) Personal Income Tax – A Simplified Approach
(f) Professional Guide to CARO 2016
(g) A Professional Guide to Income Computation & Disclosure Standards (ICDS)
(h) Handbook for The Insolvency and Bankruptcy Code, 2016
(i) Author of Special Series GST Books for Professionals – GST Manual, GST Self Learning, GST Ready Reckoner.
9. Author of Books for CA Students – Authored about 27 Books covering the entire curriculum of CA Course. Shree Guru Kripa’s Institute of Management is the First and Only Educational Institution in India to accomplish this feat.
Commercial LAW PUBLISHERS (INDIA) PVT. LTD. which is in the legal publishing business for nearly three decades is now one of the top ranking legal publishers in India–recognized and accepted by diverse professionals and business entities as well as Government Departments in view of the high quality, practical utility as well as diversity in subjects on which it brings out Books. It has the powerful backing of its vast exposure as the leading Books Distributor All over India for over 45 years. From just a couple of titles during the first few years of its publishing activity, Commercial has now around 200 titles and over 350 Bare Acts & Manuals in the field of Direct Indirect Taxes, Corporate Law and Civil/Criminal Laws. It successfully launched the Bare Acts project in the year 1996 and has so far brought out over 350 updated Bare Acts. These are much sought after since these Bare Acts are annotated ones containing notes and brief comments, thus enhancing their utility. Commercial has been bold enough to bring out Books, Commentaries and Referencers on hitherto untouched subjects like Legal Metrology. It has a record number of publications on Income Tax, Company Law, Customs, GST and Students Publications for CA & CS by bringing out high quality publications at affordable prices and is an highly ethical business enterprise. Commercial has withstood the market competition successfully over the years including competition from Foreign publishers and strives its best to serve the legal and corporate professionals better and better every day with its novel ideas and business strategy. Commercial is backed by a team of highly competent in-house professional experts supplemented by high profile authors who have stood by it for decades.
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- Year of Publication: 2021
- Edition: 20th
- ISBN: 978-93-90926-24-4
- No.of Pages: 584
Considering the ever-evolving nature of E-Governance in Tax Administration in areas relating to Tax Deduction / Collection at Source, the Tax Practitioners need to be up to date with the TDS / TDS Provisions / Procedures.The New edition of the Book provides concise and relevant information on the law relating to TDS and TCS, contained in the Income Tax Act, Rules, Circulars, and Notifications. Care has been taken to include all the pertinent details, so as to be User– friendly, and comprehensible for easy TDS/TCS compliance.
The book summarizes Provisions relating to TDS from every type of payment, viz. Salaries, Interest, Rent, Dividends, etc.. The book shall serve as a Referencing Tool while handling issues relating to TDS and TCS and shall be useful to professionals and academicians, and all persons who use reference materials in Tax law.
Highlights of the Book:
i) Ready Referencer for TDS & TCS Rates, for various Assessees under different situations.
ii) Simplified & Comprehensive procedure on the computation of Income under the head “Salaries” and “Income from House Property” for determining TDS on Salaries, Relief for VRS Compensation, Arrears of Salary, etc.
iii)All Latest Amendments of Finance Act, 2021, updated
iv) Answers to various queries on TDS
v) Provisions and Procedure for TCS
vi) Formalities and Procedure for e–TDS Return and e–TCS Return
vii) Extensive Coverage of Procedures to be followed in TRACES.
viii) A thoroughly updated FAQ’s on Online TDS and TCS Procedures.
ix) Various Forms relating to TDS/TCS provisions have been given in a separate Chapter.
G. Sekar is a Chartered Accountant in practice for the last 33 years.
Founder and Faculty of Direct Taxation in Shree Guru Kripa’s Institute of Management, an Institution providing education for all levels and all subjects of the Chartered Accountancy Courses and has trained many finance professionals.
Member – Central Council of ICAI – 2013-16, 2016-19 & 2019-22.
Chairman – Direct Taxes Committee of ICAI - 2014.
Chairman – Auditing And Assurance Standards Board of ICAI – 2019 & 2020.
Great Motivator for Chartered Accountants in Practice and in Employment, and CA Students, through his effective and convincingcommunication style.
1. Commerce Graduate, Gold Medalist & Rank Holder from Madurai Kamaraj University.
2. Member of Expert Study Group Committee, CBDT, New Delhi, to study the Direct Tax Code Bill in 2006.
3. Recipient of Special Award from the Income Tax Department in 2011, during their “150 years of Income Tax in India” Celebrations, for his contribution and service to the Income Tax Department.
4. Speaker on Budget, Direct and Indirect Taxation in Doordarshan & other Television Channels & Print Media Programmes.
5. Board Member, Airports Authority of India (2019-22).
6. Member of Consultative Advisory Group (CAG) of IFAC-2017-19, International Accounting Education Standards Board (IAESB).It is worthy to note that he is the First Indian to be part of the CAG.
7. Faculty Member of The Institute of Chartered Accountants of India and its Branches, and other Professional and Management Institutions,for CA Intermediate/IPCC and CA Final Level, for the subjects Income Tax, Service Tax, VAT, Direct Tax Law, etc.
8. Author of Professional Books – for Finance and Legal Professionals, Corporate Taxpayers, Banks, Officials of Income Tax Department, etc.
(a) Handbook on Direct Taxes – (Recommended for IRS Trainees at NADT)
(b) Professional Manual on Accounting Standards
(c) Practical Guide on TDS and TCS – (Approved Book for ITOs)
(d) Professional Guide to Tax Audit
(e) Personal Income Tax – A Simplified Approach
(f) Professional Guide to CARO 2016
(g) A Professional Guide to Income Computation & Disclosure Standards (ICDS)
(h) Handbook for The Insolvency and Bankruptcy Code, 2016
(i) Author of Special Series GST Books for Professionals – GST Manual, GST Self Learning, GST Ready Reckoner.
9. Author of Books for CA Students – Authored about 27 Books covering the entire curriculum of CA Course. Shree Guru Kripa’s Institute of Management is the First and Only Educational Institution in India to accomplish this feat.
Commercial LAW PUBLISHERS (INDIA) PVT. LTD. which is in the legal publishing business for nearly three decades is now one of the top ranking legal publishers in India–recognized and accepted by diverse professionals and business entities as well as Government Departments in view of the high quality, practical utility as well as diversity in subjects on which it brings out Books. It has the powerful backing of its vast exposure as the leading Books Distributor All over India for over 45 years. From just a couple of titles during the first few years of its publishing activity, Commercial has now around 200 titles and over 350 Bare Acts & Manuals in the field of Direct Indirect Taxes, Corporate Law and Civil/Criminal Laws. It successfully launched the Bare Acts project in the year 1996 and has so far brought out over 350 updated Bare Acts. These are much sought after since these Bare Acts are annotated ones containing notes and brief comments, thus enhancing their utility. Commercial has been bold enough to bring out Books, Commentaries and Referencers on hitherto untouched subjects like Legal Metrology. It has a record number of publications on Income Tax, Company Law, Customs, GST and Students Publications for CA & CS by bringing out high quality publications at affordable prices and is an highly ethical business enterprise. Commercial has withstood the market competition successfully over the years including competition from Foreign publishers and strives its best to serve the legal and corporate professionals better and better every day with its novel ideas and business strategy. Commercial is backed by a team of highly competent in-house professional experts supplemented by high profile authors who have stood by it for decades.
