National Seminar on Tax Deduction at Source (TDS)

Over the years Tax deduction at Source (TDS) has emerged as a major tool of revenue collection in India. However, the way the provisions of the Income-tax Act, 1961 (the Act) dealing with the TDS are worded, taxpayers have to deal with several interpretational and procedural issues. Adding to the complexity is plethora of judicial rulings on these issues. This is a cause of concern both for the taxpayers and Revenue. While the taxpayers grapple with consequential issues of cash flow, disallowances, interest, penalty and long drew litigation. Revenue, apart from litigation, has to deal with administrative issues of refund processing.

In addition, the numerous compliance requirements add significantly to the compliance cost to the business. This is felt particularly in case of cross border payments. In case of non-residents there are further practical difficulties of extra- territorial application of the provisions, compliances and availability of Treaty benefits.

Need has been felt to deliberate on key issues on the various provisions and new developments relating to TDS. Therefore, ASSOCHAM with the support of Ministry of Finance is organizing a National Seminar on Tax Deduction at Source (TDS) on 20th June, 2014 at Mumbai to deliberate on various intricate provisions of Tax Deduction at Source (TDS).

Date: 20th June, 2014

Venue: Hotel Four Seasons, Mumbai

Issues to be discussed:

• TDS on different types of payments, the person making payment – agent of Government, practice followed in other countries, etc.

• Obligations of Payer & Rights of Recipients

• TRACES

• Issues pertaining to TDS refunds and e-filing of TDS return

• TDS on payment to residents:- salary, payments to contractors, rent, commission, professional fees, etc

• Practical aspects & key issues on TDS of Domestic Transactions

• TDS on Acquisition- Sec-194LA

• TDS on immovable property - Sec 194-IA

• Tax Deduction Under Section 192

• Software Income and Royalty- Sec-9(1)(vi)

• Implications of increase in TDS rate on technical services and royalty payments

• Payment to Non Resident

• Domestic Transfer Pricing Practical issues

• Tax and TDS on ESOPs and cross charges & practical issues arising from recent changes in TDS procedures related to non-resident remittances

Government Officials:

• Shri S.K Misra, Chief Commissioner of Income Tax, Mumbai-IV

• Shri V.K. Pandey, Commissioner of Income Tax-TDS, Mumbai

Speakers:

• Mr. N C Hedge, Partner, Deloitte

• Ms. Neetu Vinayek, Partner, KPMG

• Ms. Rajeshree Sabnavis, Partner, BMR & Associates LLP

• Mr. Vishal J Shah, Executive Director, PwC

• Mr. Vijay Dhingra, Sr. Director, Deloitte

(Other Speakers details will be shared shortly)

Who should attend:

The Seminar is targeted at officers dealing in Taxation, Accounts in the corporate world as well as practicing CA, CS, CMA and other related professionals, Trade & Industry, Government, Public Sector Units, Consultancy Organizations, Funding Agencies, Corporate Lawyers, Banks & Other Financial Institutions, FTOs

Participation Fee:

The seminar has immense value for the participants however the fees is kept at Rs. 4000/- (per participant, including Service Tax) to meet the cost. (10% discount for two and 20% for three or more persons from the same organization). The fee is inclusive of refreshment & lunch.

For Registration:

Kindly fill in the attached registration form and send to us at finance@assocham.com/ taxation.assocham@gmail.com at the earliest.

Download Registration Form
 

Event Link: https://assocham.org/events/showevent.php?id=1009

For more details please contact: