Past Events

Section 195 of the Income-tax Act, 1961 (Act) lays down the obligation for deduction of income-tax at source from payments made or credits to non-residents which are in the nature of income chargeable to tax in India. This position is then required to be declared and certified in Form 15CA/ 15CB. In order to be compliant with the provisions of section 195, one has to understand the applicable sections of the Act and Tax Treaties with respect to various foreign…

Recently, the Supreme Court in case of UOI v. M/s. Ganpati Dealcom Pvt. Ltd. (Civil Appeal No. 5783 of 2022) has held that the amendments carried out by Benami Transaction (Prohibition) Amendment Act of 2016 in Benami Act are prospective. Prior to this decision, there were doubts as to whether the 2016 amendment Act which substituted and widened the definition of ‘benami property’, ‘benami transaction’ etc. shall have effect to cover transactions entered prior to 2016. The Benami Authorities, treating…

The Study Circle & Study Group Committee of the Chamber of Tax Consultants has planned a Study Circle Meeting on September 3, 2022. The details are as under :   Day & Date Time Topic Speaker Saturday 3.9.2022 4.00 PM – 5.30 PM (i) Issues in filing I.T. Returns of Charitable Trust (Form 7) (ii) Notification regarding books of accounts in case of Charitable Trusts dated 10th August 2022 and some Recent Amendments Group Leader –CA Ravi Gupta   Moderator – CA Vipin Batavia…

Tax Audit form had undergone multiple changes in the past. Of these, 2 Significant clauses, i.e. Clause 30C and Clause 44 were deferred by Government from time to time. But now, reporting under these clauses has become mandatory and the same require tax auditor to verify and certify the breakup of total expenditure of entities registered or not registered under the GST. Reporting and certification of these aspects involve crucial issues, which need timely deliberation. With a view to bring some clarity on…

The International Taxation Committee of The Chamber of Tax Consultants (CTC) has organised a FEMA Study Circle Meeting on “Analysis of the new FEM Overseas Investments Rules and Regulations”. It is scheduled on 7th September, 2022.  With the release of the new Overseas Investments rules and regulations by the RBI and MoF, we present an indepth analysis with a two pronged approach to the topic providing a consultant and banks perspective on interpretational issues.  The details of the meeting are as under:…

Dear Member, The International Taxation Committee of The Chamber of Tax Consultants (CTC) has organised a International Taxation Study Circle Meeting online on “Master File Documentation - Practical Aspects and Issues”. It is scheduled on 8th September, 2022. Coverage: Background - BEPS Action 13 Background - What must a Master File Contain? Background of Indian regulations - Section 92D(4), Rule 10DA, Penalties u/s 271AA(2) Master File-related forms - when must Form 3CEAA Part A, full Form 3CEAA and Form 3CEAB be filed? Comparison…

Developing business systems is a critical part of being a successful entrepreneur. Not everyone is aware how powerful and essential these processes are to achieving the goals. Having baseline business processes in place would lead to powerful time management, increased productivity, realising in increased profits which all entrepreneurs strive to achieve. The Membership and Public relations committee of Chamber of Tax consultants has organised this unique webinar on ‘Setting up Systems and Processes in company” Details of the workshop:- What…

The GST Law in its completion of 5 years has already had a fair share of litigation, leading to which numerous writ petitions have been filed. Non-formation of GST Tribunal has also resulted in various petitions being filed before various High Courts. It is of utmost importance for professionals practicing under the GST Law to be well informed about issues arising or connected with various judicial pronouncements. To have an insight to various decisions under the GST Law and issues…