Taxmann Tax Deduction & Collection at Source Law and Procedure By Bombay Chartered Accountants’ Society Edition 2024

Taxmann Tax Deduction & Collection at Source Edition 2024

Taxmann Tax Deduction & Collection at Source Edition 2024

Description

This book, divided into 60+ chapters relating to each provision of TDS and TCS, aims to empower tax professionals with the necessary knowledge and insights to effectively navigate laws relating to tax deduction and collection at source. It results from the collaborative work of thirteen professional volunteers, offering a rich pool of knowledge.

This comprehensive guide is indispensable for accountants, tax professionals, auditors, and anyone involved in financial management or tax compliance. Its detailed analysis of each section and practical insights make it an essential reference for effectively understanding and applying TDS and TCS provisions.

The book also includes guidance on TDS in international transactions, including the interplay between domestic law and double tax avoidance treaties and procedural aspects like issuing Forms 15CA, 15CB, 10F, etc.

The Present Publication is the 2024 edition. This book is spearheaded by CA Anil Sathe, Nilesh Kapadia, and CA Nina Kapasi, who provided mentorship and review to ensure content accuracy and thoroughness. The authors of this book include Anita Basrur, Ayesha Aziz, Bhaumik Goda, Bhavik Dholakia, Divya Jokhakar, Harsh Kothari, Kausar Sheikh, Krishna Upadhyay, Nilesh Kapadia, Pranay Gandhi, Saroj Maniar, Sharad Sheth and Sneha Gohil. Taxmann exclusively published this book for the Bombay Chartered Accountants’ Society (known for its commitment to excellence in the realm of taxation). The structure of the book is as follows:

Introduction and Overview

• The book begins with an insightful introduction and discusses the complexities of tax deduction and collection, providing a solid foundation for understanding the subsequent sections.

Exclusive Chapter on each Section

• The book contains 62 chapters dedicated to each section of TDS or TCS. Every chapter deals in depth with the obligations of the deductor or collector, the point of tax deduction or collection, payments subject to TDS or TCS, TDS or TCS Rates, compliances involved, guidance on complex issues with case laws and illustrations, etc.

Global and Non-Resident Taxation

• The book also includes a detailed treatise on TDS on payments in international transactions, including the interplay between domestic law and double tax avoidance treaties and the procedural aspects like issuing Forms 15CA, 15CB, 10F, etc.

Administrative Aspects and Compliance

• The final chapters cover administrative and compliance aspects, such as issuing certificates for deduction at lower rates (Section 197) and the duties of persons deducting tax (Section 200). The book concludes with detailed discussions on special provisions for non-filers of income tax returns (Sections 206AB and 206CCA), adding significant value for tax professionals w.r.t. compliance challenges

About the author

Bombay Chartered Accountants’ Society

BCAS is a uniquely positioned pan-India voluntary organisation of Chartered Accountants established in 1949 and represented by membership across 250+ cities of India. BCAS endeavours to be a principle-centred, learning-oriented organisation promoting quality professional education, networking and excellence in Chartered Accountancy. BCAS acts as a catalyst for better and more effective regulatory policies for cleaner and more efficient administration and governance.

Founded just six days after the Institute of Chartered Accountants of India in 1949, the BCAS is, in many ways, the torchbearer for the profession.

With an intent to inspire and nurture the professional spirit within its members, BCAS introduced novel features such as long-term residential and non-residential refresher courses, lecture meetings, study circles, workshops, the Referencer, the BCA Journal, and publications. BCAS provides its membership base access to a sustainable, cutting-edge, h