Practical guide on TDS and TCS (Financial Year 2023-24) by G Sekar – 22nd Edition 2023

Description

E-Governance in Tax Administration and particularly in the areas relating to Tax Deduction: Collection at Source, is a continuously evolving area. There is a need for the Tax Practitioner to be up to date with the TDS TDS Provisions/Procedures.

This New edition of the Book is an effort to provide 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.

Provisions relating to TDS from every type of payment, viz Salaries, Interest, Rent, Dividends, etc. have been summarised in separate Chapters. The book is intended as a Ready Referencing Tool while handling issues relating to TDS and TCS. It would be useful to professionals and academicians, and all persons who use reference materials in Tax law.

The Highlights of the New Edition of this Book include

• Ready Referencer for TDS & TCS Rates, for various Assessees under different situations.
• Simplified & Comprehensive procedure on computation of Income under the bead “Salaries” and “Income from House Property for determining TDS on Salaries, Relief for VRS Compensation, Arrears of Salary, etc
• All Latest Amendments of Finance Act, 2023, updated
• Answers to various queries on TDS
• Provisions and Procedure for TCS
• Formalities and Procedure for e-TDS Return and e-TCS Return
• Extensive Coverage of Procedures to be followed in TRACES
• Thoroughly updated FAQ’s on Online TDS and TCS Procedures.
• Various Forms relating to TDS/TCS provisions have been given in a separate Chapter

The Author is thankful for the value addition provided by Shri B. Saravana Prasath, FCA.

Many thanks to the Users of this Book for their positive feedback, which reflects the benefits they have reaped from this book and also their keen interest to reciprocate with constructive suggestions.

I also thank the efforts and co-operation of the various Service Providers in bringing out this Edition and especially the Publishers, in quickly getting this Book in the current form.

Constructive suggestions and feedback from Users would be highly appreciated, gratefully acknowledged and suitably incorporated.