National Seminar on Tax Deduction at Source (TDS)

Chief Guest: Shri Devendra Prasad Sharma, Principal Chief Commissioner of Income Tax, Pune

Date: 22nd January, 2015

Venue: Hotel Sun n Sand, Pune

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 22ndJanuary, 2015 at Pune to deliberate on various intricate provisions of Tax Deduction at Source (TDS). Shri Devendra Prasad Sharma, Principal Commissioner of Income Tax, Pune has already consented to inaugurate the Seminar in Pune.

DATE, TIME & VENUE

TOPICS TO BE DISCUSSED

TDS provisions related to non-residents-

- Royalty and fees for technical services - Recent trends (case studies, key recent judicial precedents

- TDS on payments to fiscally transparent entities - basics

- Net of Tax arrangements

- Implications of TDS on reimbursements to pass through entities

- Application of 206AA in case of NR with DTAA benefit or no DTAA benefit

TDS provisions related to Residents-    

- Salaries & Interest

- FTS, Royalties, Contractors, Commission, Rent

- Obligations of Payer & Rights of Recipients

- TRACES functionalities

- Issues pertaining to TDS refunds

- E-Filling of TDS returns, issuance of TDS certificates

- Recent notifications & circulars

SPEAKERS FROM THE GOVERNMENT

Shri Devendra Prasad Sharma, Principal Chief Commissioner of Income Tax, Pune
Shri S K Singh, Commissioner of Income Tax-TDS, Pune

SPEAKERS FROM INDUSTRY

Shri Pramod Achuthan, Partner, Ernst & Young
Shri Pramod Joshi, Partner, Direct Tax, Deloitte
Shri K. Venkatachalam, Partner – Tax & Regulatory Services, PwC
(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.

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 & 20% for three and more persons from the same organization.

10% disount for LAwyersclubindia members.

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.

For details please contact:

Avinash Sharma       (09811524976)         avinash.sharma@assocham.com
Ankit Raghav            (09999068767)         ankit.raghav@assocham.com
Akshat Agarwal        (09873847923)         taxation@assocham.com
Krishan Sharma        (08512072265)        krishan.sharma@assocham.com