Events

Half Day Seminar on Tax Deducted At Source (TDS) [The registration is closed for this event]

Organised By: Mahratta Chamber of Commerce, Industries and Agriculture




PROGRAMME DETAILS


Venue:Lakaki Hall , MCCIA Tilak Road Office, Pune 411002   Date:May 20, 2017    Time:09:30:AM - 1:00:PM



Contact Person: Ms. Kiran Joshi, Phone: 91-20-25709182 , Email: kiranj@mcciapune.com

Context:

It is noticed in the recent past that there is an outflow of considerable money for non-fulfillment or delay in compliance of TDS. This is also a cause of vendor/employee dissatisfaction and dispute.

CAN YOU AVOID IT? – Yes – the seminar will address these issues

Tax deducted at source (TDS), as the very name implies aims at collection of revenue at the very source of income. It is essentially an indirect method of collecting tax which combines the concepts of “pay as you earn” and “collect as it is being earned.” Its significance to the government lies in the fact that it prepones the collection of tax, ensures a regular source of revenue, provides for a greater reach and wider base for tax. At the same time, to the tax payer, it distributes the incidence of tax and provides for a simple and convenient mode of payment.

The concept of TDS requires that the person on whom responsibility has been cast, is to deduct tax at the appropriate rates, from payments of specific nature which are being made to a specified recipient. The deducted sum is required to be deposited to the credit of the Central Government. The recipient from whose income tax has been deducted at source, gets the credit of the amount deducted in his personal assessment on the basis of the certificate issued by the deductor.

Faculty :
CA. Chandrashekhar V. Chitale, Chartered Accountant Sr. Partner, C. V. Chitale & Co. Chartered Accountants Treasurer, MCCIA