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1-DAY HYBRID SEMINAR ON “TDS AND TCS PROVISIONS – A 360° PERSPECTIVE” (JOINTLY WITH IMC, BCAS & BCCI)
May 20, 2022 @ 10:00 am - 6:00 pm
The Chamber of Tax Consultants jointly with IMC Chamber of Commerce and Industry, Bombay Chartered Accountants’ Society & Bombay Chamber of Commerce and Industry is organizing a 1-day Hybrid seminar on “TDS and TCS Provisions – a 360° Perspective”
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Day & Date |
Friday, May 20, 2022 |
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Time |
10:00 am – 6:00 pm |
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Meeting |
Hybrid (Online as well as in person) |
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Venue (for in person attendees) |
Walchand Hirachand Hall(4th Floor), IMC Building, IMC Marg, Opposite Churchgate station, Mumbai -400020 |
This seminar is being organized to understand the major effects of recent and past developments and changes relating to TDS & TCS in a holistic manner.
TDS and TCS provisions have changed and compliances have increased substantially in last few years, impacting MSMEs and other tax payers both big and small. These compliances have become an onerous task with serious repercussions. The consequences of non-compliance or compliance with errors are substantial. The seminar will cover all important and current topics to be dealt with by subject experts and industry representatives through a blend of panel discussions and presentation session.
The seminar will be in a Panel Discussion format where the topics will be discussed in detail by the Industry Experts and Professionals. It will be useful for Tax Managers, Tax Heads, CFOs, Tax Consultants, Tax Practitioners and others keen to keep abreast with the rapid changes in TDS and TCS Provisions.
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Time |
Topic |
Speaker |
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9.30 am – 10.00 am |
Registration |
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10.00 am – 10.15 am |
Inaugural & Opening Remarks |
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10.15 am – 12.00 pm |
Practical issues: TDS and TCS issues faced by taxpayers in relation to TDS on Purchase of Goods, TCS on Sale of Goods and TDS provisions on e-commerce transactions. |
Moderator – CA Abhitan Mehta |
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12.00 pm – 12.15 pm |
Tea Break |
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12.15 pm – 1.30 pm |
Practical issues related with TDS u/s. 195 from payments to non-residents. |
Chairman – Mr. Sangam Shrivastava – Pr.CCIT(IT & TP, WZ) |
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1.30 pm – 2.15 pm |
Lunch Break |
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2.15 pm – 4.00 pm |
Practical issues arising on account of introduction of TDS on perquisites under section 194R and TDS on Virtual Digital Assets under section 194S by Finance Act 2022. |
Moderator – Mr. Indra Anand – Group Tax Head , Tata Sons |
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4.00 pm – 4.15 pm |
Tea Break |
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| 4.15 pm – 5.45 pm | Practical issues: Non-filers checking, Lower deduction of tax; Rectifications of returns filed; Excess deduction – refund; Penal provision and compounding of offences; Belated filing of returns/ belated payment of taxes; Interest u/s 201 and 201(1A); Mechanism for Clarifications; etc. |
Chairman – Ms. Reena Jha Tripathi, Pr CCIT-3, Mumbai Moderator – CA Gautam Nayak Panelists – Mr. Priya Ranjan Ghosh, Commissioner of Income-tax (TDS) -1, Mumbai, Mr. Purushottam Kashyap Commissioner of Income-tax (TDS) -2, Mumbai, CA Hemant Kadel – Senior President, Grasim, CA Anil Mehta – VP Corporate Taxation, L&T & CA Ameet Patel |
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5.45 pm – 6.00 pm |
Concluding Remarks |
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In view of the importance of the topic and its overall impact on taxpayers, we hope you would surely like to attend this seminar and get more clarifications on related TDS and TCS provisions.
Registration Fee:
Offline seminar (incl. working lunch) – Rs. 1,250.00 + 18% GST = Rs. 1475.00
Virtual webinar – Rs. 750.00 + 18% GST = Rs. 885.00
You may register and make payment online at the following link: https://www.imcnet.org/events-1638
Please register your participation at the earliest. If you have opted to attend online, the Zoom joining link will be shared closer to the event.
For any query regarding this event, please write to [email protected] / [email protected] or contact at 022-71226704.