Assocham Presents: National Seminar on Tax Deduction at Source (TDS)

 

Chief Guest: Smt Parvinder S Behuria, Member (Revenue), CBDT

 

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 the plethora of judicial rulings on these issues. This is a cause of concern both for the taxpayers and the Revenue. While the taxpayers grapple with consequential issues of cash flow, disallowances, interest, penalty and protracted 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 related to 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) on11th September, 2013 at New Delhi to deliberate on various intricate provisions of TDS. Smt Parvinder S Behuria, Member (Revenue), CBDT has already agreed to be the Chief Guest to inaugurate the Seminar. Mr. M.K. Mirani, Chief Comissioner Income Tax, Delhi - 1 and Smt Anuja Sarangi, Commissioner Income Tax, (TDS), Delhi would also be there to share their important views with the participants at the Seminar. 

 

SPEAKERS

 

Apart from the Govt. officials, the Seminar will also be addressed by the following Tax experts & Professionals:

• Mr. Rahul Garg, Co-Chairman, ASSOCHAM National Council of Direct Tax

• Mr. Sandeep Puri, Executive Director, PwC

• Mr. Sanjiv Chaudhary, Partner, KPMG 

• Mr. Sujit Parakh, Director, Deloitte

• Ms. Shweta Aggarwal, Director, BMR Advisors

• Other tax experts from Industry  

 

ISSUES TO BE DISCUSSED

 

• 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.

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

• Obligations of Payer &  Rights of Recipients

• Practical aspects & key issues on TDS of Domestic Transactions

• Payments to non residents & domestic Transfer Pricing - Practical Issues

• Tax on Perquisites

• TDS on Acquisition- Sec-194LA

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

• Recent changes in TDS procedures

• TDS on immovable property - Sec 194-IA

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

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

 

DATE, TIME, VENUE

 

 

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, CMA and other related professionals, Trade & Industry, Government, Public Sector Units, Consultancy Organizations, Funding Agencies, Corporate Lawyers, Banks & Other Financial Institutions, FTOs

 

REGISTRATION FEE

 

The Seminar has immense value for the participants however the fee is kept at Rs. 4,000/- per delegate (10% discount for two or more persons from the same organization). The fee is inclusive of refreshment & lunch.

 

FOR REGISTRATION

 

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

 

Since the seats are limited therefore shall be made available on first-come-first served basis. You are requested to register yourself and also nominate your colleagues for the same.

 

For more details please contact: 

 

Ankit Raghav            (09999068767)         ankit.raghav@assocham.com

Akshat Agarwal        (09873847923)         taxation@assocham.com