Handbook on TDS & TCS Ready Reckoner 2026

Edition: 1st edn., 2026

ISBN: 978-81-6944-992-2

Pages: 808

Author: Dr. B. Ramaswamy

Part IFoundations of TDS and TCSChapter 1 Introduction to Tax Deducted at Source and Tax Collected at Source Chapter 2 Purpose, Policy and Revenue Logic of TDS and TCS Chapter 3 Evolution of TDS and TCS Law in India Chapter 4 TDS and TCS under the Income-tax Act, 2025 Chapter 5 Transition from the Income-tax Act, 1961 to the Income-tax Act, 2025 Chapter 6 Key Definitions for TDS and TCS Chapter 7 Difference between TDS, TCS, Advance Tax and Self-Assessment Tax Chapter 8 Persons Responsible for Deduction and Collection Chapter 9 Timing of Deduction and Collection Chapter 10 Residential Status and its Relevance for TDS and TCS Part IITDS Rate Structure and General RulesChapter 11 TDS Rate Chart for FY 2026-27 Chapter 12 TDS Threshold Limits for FY 2026-27 Chapter 13 TDS Codes and Reporting Structure under the New Law Chapter 14 Rates Where PAN is Available Chapter 15 Rates Where PAN Is Not Available Chapter 16 Specified Non-Filers: Legacy Rule and Current Position Chapter 17 Surcharge and Health and Education Cess in TDS Chapter 18 Rounding Off of TDS Amounts Chapter 19 Grossing Up of Tax Chapter 20 TDS on Net Amount Versus Gross Amount Chapter 21 TDS on GST Component Chapter 22 TDS on Reimbursements Chapter 23 TDS on Composite Contracts Chapter 24 TDS on Provisions and Year-End Accruals Chapter 25 TDS on Advance Payments Part IIITDS on SalaryChapter 26 TDS on Salary: Core Principles Chapter 27 Employer’s Responsibility for Salary TDS Chapter 28 Estimation of Annual Salary Income Chapter 29 New Tax Regime and Old Tax Regime for Salary TDS Chapter 30 Standard Deduction and Salary TDS Chapter 31 Perquisites and Valuation Rules Chapter 32 Allowances, Exemptions and Deductions Chapter 33 TDS on Bonus, Incentives and Arrears Chapter 34 TDS on Leave Encashment Chapter 35 TDS on Gratuity Chapter 36 TDS on Provident Fund Payments Chapter 37 TDS on Pension and Family Pension Chapter 38 TDS on Salary from Multiple Employers Chapter 39 Form 12BB and Employee Declarations Chapter 40 Form 16: Structure, Issue and Reconciliation
Part IVTDS on Payments to ResidentsChapter 41 TDS on Interest Other Than Interest on Securities Chapter 42 TDS on Interest on Securities Chapter 43 TDS on Dividend Chapter 44 TDS on Rent Chapter 45 TDS on Professional Fees Chapter 46 TDS on Technical Services Chapter 47 TDS on Royalty Chapter 48 TDS on Commission and Brokerage Chapter 49 TDS on Contract Payments Chapter 50 TDS on Manpower Supply Services Chapter 51 TDS on Advertising Contracts Chapter 52 TDS on Transport Contractors Chapter 53 TDS on Insurance Commission Chapter 54 TDS on Payments to Directors Chapter 55 TDS on Payments to Partners by Firms Chapter 56 TDS on Non-Compete Fees Chapter 57 TDS on Winning from Lottery and Games Chapter 58 TDS on Online Gaming Chapter 59 TDS on Horse Race Winnings Chapter 60 TDS on Cash Withdrawals Chapter 61 TDS on Purchase of Goods Chapter 62 TDS on E-Commerce Transactions Chapter 63 TDS on Virtual Digital Assets Chapter 64 TDS on Immovable Property Transactions Chapter 65 TDS on Compensation and Acquisition Payments  Part VTDS on Non-Resident PaymentsChapter 66 TDS on Payments to Non-Residents Chapter 67 Residential Status and Source Rules Chapter 68 TDS on Foreign Companies Chapter 69 TDS on Fees for Technical Services to Non-Residents Chapter 70 TDS on Royalty to Non-Residents Chapter 71 TDS on Interest to Non-Residents Chapter 72 TDS on Dividend to Non-Residents Chapter 73 TDS on Capital Gains of Non-Residents Chapter 74 TDS on Sale of Immovable Property by Non-Residents Chapter 75 PAN-Based TDS on NRI Property Transactions Chapter 76 TDS on Foreign Institutional Investors Chapter 77 TDS on External Commercial Borrowings Chapter 78 TDS on Software Payments Chapter 79 TDS on Cloud, SaaS and Digital Services Chapter 80 TDS on Cross-Border Service Contracts Chapter 81 DTAA Relief and Treaty Rates Chapter 82 Tax Residency Certificate and Form No. 41 Chapter 83 Beneficial Ownership and Treaty Eligibility Chapter 84 Equalisation Levy: Legacy Position and TDS Interplay Chapter 85 Form No. 145 and Form No. 146 Part VITCS FrameworkChapter 86 Introduction to TCS Chapter 87 TCS Rate Chart for FY 2026-27 Chapter 88 TCS Threshold Limits for FY 2026-27 Chapter 89 Persons Responsible for Collecting TCS Chapter 90 Timing of TCS Collection Chapter 91 TCS on Sale of Goods Chapter 92 TCS on Scrap Chapter 93 TCS on Minerals Chapter 94 TCS on Motor Vehicles Chapter 95 TCS on Parking Lots, Toll Plazas and Mining Rights Chapter 96 TCS on Overseas Tour Packages Chapter 97 TCS on Liberalised Remittance Scheme Chapter 98 TCS on Education and Medical Remittances Chapter 99 TCS on Foreign Travel and Foreign Exchange Transactions Chapter 100 TCS on E-Commerce and Digital Business Models Chapter 101 TCS and GST Interplay Chapter 102 TCS Credit to Buyer or Remitter Chapter 103 TCS Compliance for Sellers Chapter 104 TCS Corrections and Refund Issues Part VIILower Deduction, Nil Deduction and DeclarationsChapter 105 Lower Deduction Certificate Chapter 106 Nil Deduction Certificate Chapter 107 Automated System for Nil Deduction Certificates Chapter 108 Application Procedure for Lower or Nil Deduction Chapter 109 Validity and Use of Certificates Chapter 110 Form No. 121: General Declaration Framework Chapter 111 Form No. 121: Senior Citizen Declaration Framework Chapter 112 Depository Acceptance of Form No. 121 (Prospective from 1 April, 2027) Chapter 113 Declarations by Senior Citizens Chapter 114 Declarations by Non-Taxable Persons Chapter 115 Misuse of Forms and Consequences Chapter 116 Deductor’s Responsibility Before Accepting Declarations Part VIIITDS and TCS Compliance LifecycleChapter 117 TAN Registration Chapter 118 PAN and Aadhaar Validation Chapter 119 Deduction or Collection Process Chapter 120 Deposit of TDS and TCS Chapter 121 Challan Preparation and Payment Chapter 122 Challan Correction Chapter 123 Due Dates for Monthly Deposit Chapter 124 Due Dates for Quarterly Statements Ch