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WEBINAR SERIES TDS U/S 195 ON FOREIGN REMITTANCES INCLUDING PROCEDURAL ASPECTS
January 2 @ 3:00 pm - January 3 @ 5:00 pm
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
|Fees||For Entire Webinar Series (7 Sessions):
For Members:- Rs. 1,250/- + Rs. 225 /- (18% GST) = Rs. 1,475/-
For Non-Members:- Rs. 1,500/- + Rs. 270 /- (18% GST) = Rs. 1,770/-
|For Individual Session:- Rs. 300/- + Rs. 54/- (18% GST) = Rs. 354/-|
Overview of the topics proposed to be covered which will be addressed by eminent faculties is as follows.
|Sr. No.||Day & Date||Time||Topic||Topic|
|3.00 PM – 5.00 PM||Overview on TDS on payments to NR under section 195
Basic of 195 including who is obliged to withhold tax, when to deduct, how much to deduct, when DTAA can be considered, whether NR to NR payments are also covered; Overview, entry into force and impact of MLI including entry into force of MLI for withholding tax purposes etc.
|CA Sushil Lakhani|
|5.30 PM – 7.30 PM||Taxation of dividends and other income
Change in regime for taxation of dividends vide the Finance Act 2020, impact under various treaties, impact of MLI (Preamble, LOB, SLOB, PPT), MFN clauses, etc., Dividend payments to FIIs and other controversies including interplay between Sec 195 and 196A/196D
|CA Sunil Badala|
|10.30 AM – 12.30 PM||TDS on capital gains including indirect transfer
Nature and taxation of capital gains for non-residents liable to withholding tax under the Act and DTAA, impact of MLI, impact of amendment to key tax treaties, grandfathering, BEPS, GAAR, etc. Capital gains on sale of Indian immovable properties by NR.
|CA Ravikant Kamath|
|4.30 PM -5.30 PM||Recent and practical Issues related to section 195/197 and its application including issues in certifying Form 15CB||Ms. Pragya Saksena,
Pr. CCIT (International Taxation), West Zone
|5:30 P.M.-7:30 P.M.||Taxation of royalty / FTS and digital payments – Part 1
Nature of payments liable to TDS as Royalty / FTS, various issues under DTAA such make available, software royalty, beneficial ownership, MLI, terms not defined, Permanent Establishment, Reimbursements, secondment, etc.
|CA Vishal Gada|
|3.00 PM – 5.00 PM||Taxation of royalty / FTS and digital payments – Part 2
The Interplay between the taxation of the Royalty/FTS on gross basis and SEP 2016 EL, 2020 EL and selected case studies.
|CA Vishal Shah|
|5.30 PM – 7.30 PM||Procedural issues, commission and procurement payments
Procedures, 15CA / 15CB, 206AA, interplay between domestic rate, treaty rate, 206AA examples, how representation and documentation requirement has changed due to MLI, interest, penalty, refund of TDS, lower withholding application, TDS on commission and procurement payments
|CA Gautam Nayak|
|10:00 A.M. – 1:00 P.M.||Brains Trust session / Panel Discussion
Queries or mixed case studies
CA Shabbir Motorwala
If you need any support in registration or have any question, Please contact: Mr Pradeep Nambiar or email at [email protected]