Guide to Tax Deduction at Source & Tax Collection at Source

This edition of Guide to Tax Deduction at Source & Tax Collection at Source, authored by Dr. Girish Ahuja and Dr. Ravi Gupta, is fully updated as amended by the Finance Act, 2025 and serves as a comprehensive reference for professionals, corporate officers, academicians, and students dealing with TDS and TCS compliance.

The book presents the provisions relating to tax deduction and collection in a clear, structured, and practical manner, supported by illustrations, FAQs, and compliance checklists. It also includes guidance on advance tax refunds and comes with free software for TDS/TCS compliance, making it both an academic and practical resource.

The content spans the full scope of TDS and TCS provisions, including:
• Statutory framework of TDS and TCS under the Income Tax Act, 1961
• Persons responsible for deduction/collection and applicable thresholds
• Rates of deduction and collection for various payments and transactions
• Time of deduction/collection and due dates for deposit
• Preparation and filing of TDS/TCS returns in electronic format
• Provisions relating to advance tax refunds and interest calculations
• Consequences of non-compliance, penalties, and prosecution
• Special provisions for non-residents and cross-border payments
• Procedures for obtaining lower or nil deduction certificates
• Recent CBDT circulars, notifications, and judicial decisions on TDS/TCS
• Illustrations for computation and deduction under different scenarios
• FAQs addressing practical doubts in compliance and interpretation
• Ready-reference tables for rates, due dates, and penalty provisions

This edition is particularly suitable for:
• Chartered accountants, tax consultants, and corporate finance professionals
• Payroll managers and accounts executives handling TDS compliance
• Law and commerce students preparing for taxation papers in professional exams
• Academicians and trainers specialising in direct tax compliance

Whether used for professional practice, corporate compliance, or academic preparation, this updated edition delivers a complete, authoritative, and practical understanding of TDS and TCS provisions under Indian tax law.