Commercial Law and Procedure compliance of Deduction of Tax at Source (TDS) & Collection of Tax at Source (TCS) By Ram Dutt Sharma Edition April 2022

Law Procedure Compliance Deduction Tax At Sources Ram Dutt Sharma

Law Procedure Compliance Deduction Tax At Sources Ram Dutt Sharma

Description

In the present scenario, the provisions of the Income Tax Act relating to Tax Deduction at Source TDS are of immense importance when TDS collections account for almost 40% of total collection of Direct Taxes. TDS is a mechanism of collecting tax which combines twin concepts of pay as you earn and collect as it is being earned. It is one of the modes or mechanisms of collecting tax under the Income Tax Act, 1961. It facilitates the Government with a continuous flow of funds and at the same time, eases the burden on the taxpayer.

This book deals with all the legal aspects of Tax deduction at source and Tax collection at source under the Income Tax Law. It brings out all the essential aspects of TDS and TCS and will be of very great use to the all concerns. It will also be a comprehensive aid to all the concerns for understanding the complex provisions of TDS and TCS.

Each chapter provides the introduction, conditions and other requirements to be fulfilled. This book contains all aspects of Tax Deduction at Source (TDS) and Tax collection at source (TCS), the detailed scheme of TDS and TCS, various deductions under TDS and TCS, procedural compliances as well as consequences for noncompliance. In the end chapter tax rates of TDS and TCS have been provided for a ready reference.

About the Author

Ram Dutt Sharma was born on 27th June, 1958 in Narnaul, haryana. He got his post-graduation from M.D. University, Rohtak in 1980. he joined the income tax Department in the year 1983 and presently working as Income Tax Officer in

Faridabad, He worked at various station of North-West Region of Income Tax Department. he has wide experience of a 11 wings of Income fax Department such as assessment unit, Special Range, 1DS Wing, investigation Wing, intelligence

and Criminal] Investigation etc. he has been contributing articles and addressing on topics relating to income Tax at Direct Tax, Regional Training Institute, Chandigarh. He has also addressed number of seminars organized by the Income

_ tax Department, Chartered Accountants, Advocates and various Trade Associations