Hybrid Sessions on Withholding Tax and Transfer Pricing (Physical and Online)

The Bombay Chamber, under the auspices of its Taxation and Accountancy Committee, is organizing the above sessions on Withholding Tax and Transfer Pricing on 22nd and 23rd September 2022, respectively from 3.00 pm to 5.00 pm.

Withholding tax Session (Thursday, September 22, 2022 – 3 pm to 5 pm)

Recent times have witnessed several amendments in the tax withholding/ collection regime with the Government keen to align tax collection by the exchequer in tandem with the earnings of the taxpayer community. This has resulted in numerous developments in the provisions pertaining to Tax Deduction at Source (‘TDS’) and Tax Collection at Source (‘TCS’), which in turn has a significant impact on the compliances to be undertaken by taxpayers, both large and small. Due compliance with TDS provisions is emerging as a daunting task and gaps in compliances may have far reaching repercussions. Considering the issues involved, it would be imperative to delve further into this subject. With the above backdrop, the session will, inter-alia, cover the following:

Key Highlights :

• TDS and TCS issues, including TDS on purchase of goods/ TCS on sale of goods,
• Issues pertaining to tax withholding on Business Perquisites
• Tax withholding provisions on payment to Non-residents
• Practical issues on withholding tax on year end provisions, and
• Reporting relating requirements in the Income-tax returns

Speakers :

• Ms. Rajeshree Sabnavis (Founder and Mentor, Rajeshree Sabnavis & Associates),
• Ms. Aparna Khatri (Consulting Director, Rajeshree Sabnavis & Associates) and
• Ms. Salika Kothari (Senior Manager, Rajeshree Sabnavis & Associates)

Transfer Pricing Session (Friday, September 23, 2022 – 3 pm to 5 pm)

Over the years, Transfer Pricing has emerged as one of the focus areas for multinational players and the stakes involved in tax litigation is a testament to the same. With the tax filing season around the corner, it would be imperative to take stock of the recent developments on this front, be it on the regulatory or the judicial front. This would aid taxpayers take an informed decision at the stage of compliances itself and mitigate undue hardships and costs at a later stage. Keeping this in mind, the session would cover judicial developments on, inter-alia, the following issues:

Key Highlights :

• Mapping of associated enterprises, with focus on other than shareholding-linked deeming provisions
• Various aspects involved in undertaking an Economic Analysis like
  • Tested Party Selection
  • Method selection
  • Undertaking economic adjustments
• Financial Transactions including guarantees, inter-company loans, outstanding receivables
• Intra-group services
• International transactions involving Intangibles
• India Transfer pricing compliance by non-resident associated enterprises

Speakers :

• Ms. Rajeshree Sabnavis (Founder and Mentor, Rajeshree Sabnavis & Associates),
• Ms. Aparna Khatri (Consulting Director, Rajeshree Sabnavis & Associates) and
• Ms. Mansi Parekh (Senior Manager, Rajeshree Sabnavis & Associates)

Contact Details :

Mr. R. Ganesh
Email : ganesh.r@bombaychamber.com
Tel : 61200218/ 9987042149

Ms. Winnie
Email : winnie.m@bombaychamber.com
Tel : 61200263