WEBINAR SERIES TDS U/S 195 ON FOREIGN REMITTANCES INCLUDING PROCEDURAL ASPECTS

Section 195 of the Income-tax Act, 1961 (Act) lays down the obligation for deduction of tax at source from payments made to non-residents which are in the nature of income taxable in India.

In order to be compliant with the provisions of section 195, one has to understand all the sections of the Act and Tax Treaties for taxing such foreign remittances and also determine the correct rate of tax to be applied. This position is then required to be declared and certified in Form 15CA/ 15CB. There have been series of recent changes which impact this exercise and there is interplay with other enactments e.g. the widened scope of equalization levy, etc. Further impact of MLI has also to be considered while issuing certificate in Form 15CB. There is now a new scheme for taxation of dividends earned by shareholders including non-resident shareholders and there has been wide interpretation of the deemed incomes taxable under section 9 of the Act. With a view to understand and deal with all these issues and several other developments, the Chamber of Tax Consultants has organized this Seminar for the benefit of tax professionals and the professionals in the industry.

Webinar series details are as under

Overview of the topics proposed to be covered which will be addressed by eminent faculties is as follows.