Law, Practice and Procedure on Tax Deduction & Collection at Source (E-Book)

This edition of Law, Practice and Procedure on Tax Deduction & Collection at Source, including Advance Tax and Refunds, is a comprehensive and authoritative guide designed to provide in-depth understanding of the legal framework, procedural requirements, and practical aspects relating to TDS and TCS under the Income Tax Act, 2025, as amended by the Finance Act, 2026. Authored by CA. (Dr.) Girish Ahuja and CA. (Adv.) Rahul Agrawal, this extensively revised 25th Edition serves as an indispensable reference for chartered accountants, tax practitioners, advocates, finance professionals, departmental officers, academicians, and students specializing in direct taxation. The book explains the law governing tax deduction and collection at source in a clear and systematic manner, combining statutory provisions with procedural guidance, practical illustrations, and frequently asked questions to ensure practical applicability and ease of understanding. Covering both foundational and advanced concepts, it reflects the latest legislative amendments, compliance obligations, procedural changes, and judicial developments relevant for the assessment year and financial year governed by the Finance Act, 2026. The content comprehensively covers: • Concept, scope, and applicability of Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) • Detailed analysis of various TDS provisions applicable to salaries, interest, contracts, professional fees, rent, commission, dividends, purchase of goods, virtual digital assets, and other specified payments • TCS provisions relating to goods, foreign remittances, overseas tour packages, and specified transactions • Compliance procedures for deduction, collection, deposit, filing of returns, correction statements, and issuance of certificates • Provisions relating to lower or nil deduction certificates and declarations • Interest, penalties, prosecution, disallowances, and consequences of non-compliance • Advance tax provisions and computation mechanisms • Procedures relating to refunds under the Income Tax Act • Updated forms, filing requirements, due dates, and procedural compliance • Illustrations, practical examples, and FAQs for effective interpretation and implementation • Relevant departmental clarifications, circulars, and practical compliance guidance This edition is particularly useful for: • Chartered accountants and tax consultants handling TDS/TCS compliance and advisory work • Advocates and litigation professionals dealing with direct tax matters • Corporate finance teams and compliance officers responsible for statutory deductions and reporting • Tax administrators and departmental officials requiring updated procedural reference • Students pursuing professional courses in taxation, accounting, and finance • Businesses and deductors seeking practical guidance on compliance obligations Blending statutory accuracy with practical insights, this updated edition offers a reliable and detailed resource on the law, practice, and procedure relating to tax deduction and collection at source, advance tax, and refund mechanisms under the evolving framework of Indian direct taxation law.