Guide to Tax Deduction at Source & Tax Collection at Source Including Advanced Tax Refunds

Guide to Tax Deduction at Source & Tax Collection at Source Including Advanced Tax Refunds by Dr. Girish Ahuja and Dr. Ravi Gupta is a comprehensive resource that addresses the intricacies of TDS (Tax Deduction at Source) and TCS (Tax Collection at Source) provisions under Indian tax laws. This guide also covers advanced tax refund procedures, offering invaluable insights for tax professionals, chartered accountants, and corporate tax departments.

Key Features:

• The book provides a detailed analysis of TDS and TCS provisions, including practical applications and compliance requirements, helping professionals stay up to date with tax regulations.
• Offers authoritative advice and clarification on complex topics.
• The book covers advanced tax refund procedures, providing a clear understanding of how to claim refunds and resolve issues.
• Written in an accessible language, the guide presents concepts in a structured and organized manner, making it easier for professionals and students alike to comprehend.

This guide is an essential reference for anyone involved in taxation, offering crucial insights to help navigate TDS, TCS, and tax refunds effectively and efficiently.​

Chapter Content Page
Division I
CR-1 Amendment brought in TDS & TCS provisions by the Finance Act, 2025 3
CR-2 Rates of TDS & TCS at a glance 7
CR-3 Time & Mode of Payment of TDS & TCS at a glance 25
CR-4 Form No. and time-limit of Issue of TDS & TCS Certificates at a glance 28
CR-5 Statement of TDS & TCS at a glance 30
CR-6 Withholding Tax rates as per IT Act vis a vis Tax Treaties at a glance 33
CR-7 Tax rates as per IT Act vis a vis Tax Treaties 43
Division II
1 System of Collection of Tax [Sections 190 and 191] 55
2 TDS from Salary [Section 192] 65
3 How to Estimate Income under the Head “Salaries” for Purposes of TDS
[Sections 15 to 17] 109
4 TDS from Payment of Accumulated Balance due to an Employee from
Recognised Provident Fund [Section 192A] 194
5 TDS from Interest on Securities [Section 193] 202
6 TDS from Dividends [Section 194] 232
7 TDS from Interest other than Interest on Securities [Section 194A] 239
8 TDS from Winnings from Lottery or Crossword Puzzle, etc. [Section 194B] 268
9 TDS from Winnings from online games [Sections 194BA] 278
10 TDS from Winnings from Horse Races [Section 194BB] 288
11 TDS from Payments to Contractor (Including Sub-contractor) [Section 194C] 294
12 TDS from Insurance Commission [Section 194D] 339
13 TDS from Payment in Respect of Life Insurance Policy [Section 194DA] 347
14 TDS from Payments to Non-resident Sportsmen or Entertainer or Sports
Associations [Section 194E] 355
15 TDS from Payments in Respect of Deposit under National Savings Scheme,
etc. [Section 194EE] 362
16 TDS from Commission, etc., on Sale of Lottery Tickets [Section 194G] 369
17 TDS from Commission and Brokerage [Section 194H]s 377
18 TDS from Rent [Section 194-I] 395
19 TDS on Payment on Transfer of Certain Immovable Property [Section 194-IA] 422
20 TDS from payment of rent by certain Individuals or HUF [Section 194-IB] 430
21 TDS from Payment under Specified Agreement Referred to in Section 45(5A)
[Section 194-IC] 437
22 TDS from Fees for Professional or Technical Services or Royalty or Non-
Compete Fee [Section 194J] 443
23 TDS from Income in respect of units [Section 194K] 467
24 TDS from Payment of Compensation on Acquisition of Certain Immovable
Property [Section 194LA] 475
25 TDS from Income by Way of Interest from Infrastructure Debt Fund [Section
194LB] 485
26 Distributed Income of the Nature Referred to in Section 10(23FC) and
10(23FCA) Payable by Business Trust to Unit Holder [Section 194LBA] 490
27 TDS from Income in Respect of Units of Investment Fund [Section 194LBB] 496
28 TDS from Income in Respect of Investment in Securitisation Trust [Section
194LBC] 503
29 TDS from Income by Way of Interest from Indian Company or the Business
Trust [Section 194LC]] 509
30 TDS from Income by Way of Interest from Indian Company or the Business
Trust [Section 194LC] 516
31 TDS from Payment of certain sums by certain individuals or Hindu undivided
family [Section 194M] 524
32 TDS on Payment of certain amounts in cash [Section 194N]] 529
33 TDS from Payment of Certain Sums by E-commerce Operator to E-commerce
Participant [Section 194-O] 538
34 TDS in case of specified senior citizen [Section 194P] 555
35 TDS on Payment of Certain Sum for Purchase of Goods [Section 194-Q] 559
36 TDS on Benefit of Perquisite in Respect of Business or Profession
[Section 194-R]] 575
37 TDS on Payment on Transfer of Virtual Digital Asset [Section 194-S] 590
38 Payments to partners of Firms [Section 194T] 602
39 TDS from Payments (other than Salary) to Non-residents and Foreign
Company [Sections 195, 196A, 196B, 196C and 196D] 609
40 Other Provisions Relating to TDS [Sections 195A to 206AB] 672
41 Tax Collection at Source [Sections 206C, 206CC and 206CCA] 720
42 Statement/Return of Tax Deducted/Collected at Source [Sections 200(3),
206A, 206C(3), 206C(3B), 206C(5) and 206C(5A) to 206C(5D), 206CB] 755
43 Consequences of Defaults [Sections 201, 206C(6) to (8), 234E, 271C, 271CA,
271H, 272A(2), 272BB, 276B and 276BB] 773
44 Equalisation Levy 805
45 Advance Payment of Tax [Sections 207-211, 218 and 219] 825
46 Refunds [Sections 237 to 242 and 245] 845