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. Shri Amitabh Mishra, Chief Comissioner Income Tax, Delhi - 3 and Smt Anuja Sarangi, Commissioner Income Tax, (TDS), Delhi would also be there to share their important views with the participants at the Seminar. The Seminar will also be addressed by the Tax experts & Professionals including Shri Rahul Garg, Co-Chairman, ASSOCHAM National Council of Direct Tax, Shri Sanjiv Chaudhary, Partner, KPMG and Shri Sandeep Puri, Executive Director, PwC. Details of other speakers will be informed shortly.
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
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
Rs.4,000 per participant including Service Tax (10% discount for two or more persons from the same organization.)
The fee is inclusive of refreshment & lunch.
For more details please contact:
Avinash Sharma (09811524976)
Ankit Raghav (09999068767)
Akshat Agarwal (09873847923)
Krishan Sharma (08512072265)
The Associated Chambers of Commerce and Industry of India
ASSOCHAM Corporate Office, 5, Sardar Patel Marg
Chanakyapuri, New Delhi – 110021
Phone: 46550555 (Hunting Line)