TDS/TCS — Topic Index
Status: ✅ Fully ingested (12 sections) Sections: 392–403 Chapter: XIX — Collection and Recovery of Tax Parts: B (Deduction and collection at source, ss. 392–402) and C (Advance payment of tax, s. 403)
Overview
The new Act consolidates all old 194-series TDS provisions into a single section 393 with three rate tables (residents, non-residents, any person), plus an exemptions table and nil-deduction declaration table. Section 394 covers TCS. Section 402 provides 47 definitions applicable to the entire chapter.
Sections in This Folder
Part B — Deduction and collection at source
| Section | Heading | Page |
|---|---|---|
| 392 | Salary and accumulated balance due to an employee | s392-salary-tds |
| 393 | Tax to be deducted at source (consolidated TDS rates) | s393-tds-non-salary |
| 394 | Collection of tax at source (TCS) | s394-tcs |
| 395 | Certificates (lower/nil deduction) | s395-certificates |
| 396 | Tax deducted is income received | s396-income-received |
| 397 | Compliance and reporting (TAN, PAN, returns) | s397-compliance-reporting |
| 398 | Failure to deduct, collect or pay — consequences | s398-failure-consequences |
| 399 | Processing (of TDS/TCS statements) | s399-processing |
| 400 | Power of Central Government to relax provisions | s400-relaxation-power |
| 401 | Bar against direct demand on assessee | s401-bar-direct-demand |
| 402 | Interpretation (47 definitions) | s402-interpretation |
Part C — Advance payment of tax
| Section | Heading | Page |
|---|---|---|
| 403 | Liability for payment of advance tax | s403-advance-tax-liability |
Key Cross-References
- Salary TDS (s. 392): Rates in force, average rate computation.
- Non-salary TDS (s. 393): Three tables — residents (8 categories), non-residents (17 entries), any person (7 entries). Plus exemptions table (19 entries) and nil-deduction declaration table.
- TCS (s. 394): Nine categories including alcoholic liquor, tendu leaves, scrap, minerals, motor vehicles, LRS, overseas tours, parking/toll/mines.
- Certificates (s. 395): Lower/nil deduction certificates (old Form 13/s. 197). New electronic filing provision (FA 2026).
- Compliance (s. 397): TAN, PAN furnishing, higher-rate TDS for no-PAN, quarterly statements, correction statements.
- Default (s. 398): Assessee in default, interest at 1%/1.5% per month, charge on assets, 6-year time limit.
- Definitions (s. 402): “Specified person”, “designated person”, “buyer”, “seller”, “rent”, “work”, “professional services” — critical for determining TDS applicability.
Related Topics
- Old → New Section Mapping — TDS/TCS section
- s263 — Return of income (filing deadlines affect TDS compliance)
- s122 — General deduction provisions