Email Address
Password
Forgot Password?
......................................................................................................................... Book Description A comprehensive, exhaustive and critical analysis of the law relating to tax deduction and collection at source as presented in Chapters XVIIB and XVIIBB of Income Tax Act, 1961. An in-depth study of provisions relating to deduction and collection of tax at source has been attempted in this Book especially the relevant rules regarding valuation for perquisites for salary earners and issue of other Forms including tax deduction certificates in Forms 16 and 16A. The changes made in the relevant rules have been considered at length in the relevant Chapters. Important and significant changes have been introduced by various Finance Acts up to Finance (No. 2) Act, 2009. We have included a summary of the changes introduced by Finance (No. 2) Act, 2009 at the commencement of the Book and we have highlighted these changes and earlier modifications in the relevant Chapters of the Book. Further relief has been inserted by reducing (I) Section 194C for payment to contractors has been inserted from Ist October, 2009 at the rate of one per cent to individuals or an HUF (ii) Two per cent for payment to a person other than individual or HUF of such sum on income comprised therein Further relief from 1st October, 2009 under Section 194-1 shall be substituted at (a) two per cent for machinery or plant or equipment. (b) ten per cent for the use of building or factory building This book also contains a free CD with software on Tax computation & ITR Return. Objectives arid Analytical in approach, the Book should prove handy as much to Tax payers, Tax consultants, as to Tax Administrator ......................................................................................................................... Contents Chapter 1. Introduction Chapter 2. Tax Deduction and Collection Account Number – Sections 203A & 206CA Chapter 3. Deposit and Credit of Tax Deducted at Source Chapter 4. Reduction of Prescribed Rates for Deduction of Tax Chapter 5. Certificate for Tax Deducted at Source Till 31-3-2010 : Section 203 Chapter 6. Quarterly Statements for Tax Deducted at Source w.e.f. 1-4-2005 Chapter 7. Submission of Prescribed Returns: Sections 206 and 206A Chapter 8. Salaries : Section 192 Chapter 9. Interest on Securities : Section 193 Chapter 10. Dividends : Section 194 and Section 115-O Chapter 11. Interest Other than Interest on Securities : Section 194A Chapter 12. Winnings from Lottery or Crossword Puzzle : Section 194B Chapter 13. winnings from Horse Races : Section 194BB Chapter 14. Payments to Contractors & Subcontractors : Section 194C Chapter 15. Insurance Commission : Section 194D Chapter 16. Payment to Non-resident Sportsmen or Sports Associations : Section 194E Chapter 17. Payments in Respect of Deposits under National Savings Scheme, etc.: Section 194EE Chapter 18. Repurchase of Units by Mutual Fund or Unit Trust : Section 194F Chapter 19. Commission on Sale of Lottery Tickets : Section 194G Chapter 20. Commission, Brokerage, etc. : Section 194H as Inserted from 1-6-2001 Chapter 21. Rent : Section 194-I Chapter 22. Fees for Professional or Technical Services : Section 194-J Chapter 23. Income in respect of Units : Section 194K and Tax on Distributed Income under Section 115R Chapter 24. Compensation for Compulsory Acquisition of Immovable Property : Section 194LA Chapter 25. Sums payable to Non-Residents : Section 195 Chapter 26. Income in respect of units of Non-Residents : No Tax Deductible w.e.f. 1-4-2003 Chapter 27. Income from Units of Offshore Funds : Section 196B Chapter 28. Income from Foreign Currency Bond or Shares : Section 196C Chapter 29. Income of Foreign Institutional Investors from Securities : Section 196D Chapter 30. Collection of Tax at Source : Section 206C Chapter 31. Penalties and Interest Leviable for Non-compliance with TDS and TCS Provisions Chapter 32. Prosecution for Non-Compliance with Provisions of Tax Deduction and Tax Collection at Source Chapter 33. Problems and Solutions Regarding TDS & TCS Provisions Chapter 34. Advance Tax Appendix Relevant Provisions of Income Tax Act, 1961 Extracts from Finance (No.2) Act, 2011 Relevant Provisions of Income Tax, Rules, 1962 Relevant Forms Guidelines for Electronic Filing of Returns of Tax /Collected at Source Scheme, 2005 Relevant Circulars and Notifications .........................................................................................................................
