Padhuka's Practical Guide on TDS and TCS

"Practical Guide on TDS and TCS" by G. Sekar is a comprehensive resource that elucidates the provisions and procedures related to Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) under the Income Tax Act of India. The 2025 edition incorporates the latest amendments introduced by the Finance Act 2025, ensuring that readers have access to the most current information.​

Key Features:

• Concise Presentation: The book offers a clear and concise overview of TDS and TCS laws, making it accessible to both professionals and individuals seeking to understand these tax mechanisms.​
• Ready Referencer: It serves as a ready reference for TDS and TCS rates, detailing rates applicable to various assessees under different scenarios.
• Simplified Procedures: The guide provides simplified yet comprehensive procedures for computing income under the heads "Salaries" and "Income from House Property," which are essential for determining TDS on salaries.​
• Relief Provisions: It covers relief measures such as Voluntary Retirement Scheme (VRS) compensation and arrears of salary, offering clarity on available tax reliefs.​
• Updated Amendments: The edition includes all latest amendments, circulars, and notifications up to the date of publication, ensuring readers are informed about current tax laws.​
• Practical Insights: The book addresses various queries related to TDS, providing practical answers that aid in effective tax compliance.​
• TCS Provisions: It details the provisions and procedures for TCS, enhancing understanding of tax collection mechanisms at the source.​
• e-Filing Procedures: The guide outlines the formalities and procedures for e-TDS and e-TCS returns, facilitating smooth online tax filing processes.
• TRACES Procedures: It offers extensive coverage of procedures to be followed in the TDS Reconciliation Analysis and Correction Enabling System (TRACES), aiding in accurate tax reporting.
• Forms and Annexures: Various forms related to TDS and TCS provisions are provided, along with updated FAQs on online TDS and TCS procedures, serving as practical tools for tax practitioners.