TDS Ready Reckoner

TDS Ready Reckoner is the definitive reference on the law of Tax Deduction at Source and Tax Collection at Source as it now stands under the Income-tax Act 2025, read with the Income-tax Rules 2026, and as amended by the Finance Act 2026. This Edition is the first edition of the work to be fully rewritten around the architecture of Chapter XIX of ITA 2025, in which the earlier 50-plus stand-alone TDS/TCS sections of ITA 1961 have been consolidated into a compact, table-driven framework built around sections 392 to 401. Every chapter has been redrafted to track the new section numbering, the new Schedules, the new Rules, and the renumbered Forms (121 to 150), with a running bridge to the corresponding provisions of the ITA 1961 so that readers transitioning from the old regime are never left without a precise cross-reference.

The book is designed as a one-stop compliance manual: for each payment type it sets out who must deduct, at what rate, on what threshold, at what point of time, and with what consequences in case of default—followed by the corresponding certificate, return, self-declaration and correction-statement obligations. Practical decisions that routinely arise in tax departments—whether a particular payment is 'rent', whether a payee is a 'specified person', whether a JDA transaction falls under Sl. No. 3(i) or 3(ii) of section 393(1), whether a buyback now attracts Sl. No. 8(ii) instead of Sl. No. 7, whether advertising services are 'professional services' under section 402(28)—are addressed head-on, with specific paragraph references for downstream use.

The Reckoner is authored for professionals and in-house teams who deduct, collect, report or advise on TDS/TCS in day-to-day practice:

• Chartered Accountants, Company Secretaries, Cost Accountants and Advocates handling direct-tax compliance and litigation
• Tax, Finance and Payroll Heads of corporate entities, LLPs, partnership firms and e-commerce operators
• Banks, Post Offices, Depositories (CDSL/NSDL), Mutual Funds, Business Trusts, Investment Funds and Securitisation Trusts in their capacity as deductors and reporting entities
• Public-Sector Undertakings, Government Drawing and Disbursing Officers, and Autonomous Bodies
• Assessing Officers, Departmental Officers and Revenue-Side Litigators working on TDS/TCS defaults, interest and prosecution matters
• Students Preparing for CA, CS, CMA and Advanced Direct-Tax Papers who require an authoritative treatment of the new Chapter XIX regime