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 5th June, 2013 in Pune to deliberate on various intricate provisions of Tax Deduction at Source (TDS). Shri R.K. Roye, Chief Comissioner Income Tax, Pune and Shri Adarsh Kumar Modi, Commissioner Income Tax, (TDS), Pune have already confirmed their presence at the Seminar.
Government Officials:
a. Shri R.K. Roye (I.R.S), Chief Commissioner of Income Tax, Pune
b. Shri Adarsh Kumar Modi, Commissioner of Income Tax – TDS, Pune
c. Shri Narendra Kumar *, Director of Income Tax – Transfer Pricing
Other Speakers:
a. Shri Sandip Mukherjee, Executive Director, PwC
b. Shri Pramod Joshi, Sr. Director, Deloitte
c. Other Experts from Tax Professions
d. Shri Nilesh Modi, Partner, KPMG
Issues To Be Discussed:
a. Overview of TDS: covering rationale for TDS, TDS on different types of payments, the person making payment – agent of Government, practice followed in other countries, etc.
b. TDS on payment to residents:- salary, payments to contractors, rent, commission, professional fees, etc
c. Obligations of Payer & Rights of Recipients
d. Practical aspects & key issues on TDS of Domestic Transactions
e. Payment to Non Resident & Domestic Transfer Pricing Practical Issues
f. Tax on Perquisites
g. TDS on Acquisition- s.194LA
h. Software Income and Royalty-s.9(1)(vi)
i. Recent changes in TDS procedures
Who Should Attend:
The Seminar is targeted at: CEOs, CFOs, Tax Experts, Middle & Sr. Level Officers dealing in Taxation in the corporate world as well as practicing CA, CS, CWA and other related professionals, Trade & Industry, Government, Public Sector Units, Consultancy Organizations, Funding Agencies, Corporate Lawyers, Banks & Other Financial Institutions, FTOs
Registration Fees:
Rs. 4,000 per participant including Service Tax:
(15% discount for CAclubindia members). The fee is inclusive of refreshment & lunch.
Registration form is attached herewith.
For more details please contact:
Ankit Ragha(09999068767)
Akshat Agarwal(09873847923)
