Withholding Tax (TDS) on Payments to Non-resident

📚 Course Title: Withholding Tax (TDS) on Payments to Non-residents

🎓 Course Instructor: Arinjay Kumar Jain

👀 Course Description:

This comprehensive course, meticulously designed by industry expert Arinjay Kumar Jain, delves into the intricacies of Withholding Tax (TDS) on payments to non-residents. It is an essential guide for Chartered Accountants (CAs) and finance professionals who seek to master TDS compliance and certification processes.

📚 Course Outline:

1. Understanding Section 195:

   • Payment coverage under section 195 for interest payments, and other sums chargeable to tax (other than salary).

2. Payments Not Covered by Section 195:

   • Distinguishing payments not covered under section 195.

3. Taxable Payments on Gross/Net Basis:

   • Clarifying the tax treatment of various types of payments to non-residents.

4. Responsibility and Liability Under Section 195:

   • Identifying the person responsible for withholding tax.
   • Determining the liability of residents and non-residents under section 195.

5. Withholding Tax Rates:

   • Exploring the rates of withholding tax applicable to different types of payments.
   • Understanding the impact of Double Taxation Avoidance Agreements (DTAA).

6. Special Provisions (Section 206AA):

   • Addressing the higher withholding tax rate for non-furnishing of PAN by non-residents.
   • Recognizing exceptions to section 206AA as per Rule 37BC and its applicability to interest payments.

7. Surcharge and Cess:

   • Analyzing whether surcharge and cess are applicable on withholding tax rates.

8. Certificate for Non-Deduction of WHT:

   • Understanding the AO certificate under Section 195(2), Section 195(3), and Section 197 for deduction at a lower rate.

9. Validity Period and Format of Certificates:

   • Determining the validity period of certificates issued by the Assessing Officer.

10. Reporting Foreign Remittances (Form 15CA and Form 15CB):

    • Learning about the reporting requirements for foreign remittances.
    • Understanding the process of claiming a refund of TDS under section 195.

11. FORM 15CB AND FORM 15CA:

    • Exploring the relationship between Form 15CB and Form 15CA, including their roles and submission timelines.

12. Who Can Issue Form 15CB?

    • Identifying the entities authorized to issue Form 15CB.

13. Documentation for Issuing Form 15CB:

    • Reviewing the documents required by a Chartered Accountant for issuing Form 15CB.

14. Procedure and Compliance:

    • Step-by-step guidance on filling out Form 15CA, with special attention to Part C.
    • Understanding the revision or withdrawal process in case of errors.

15. Online Filing Procedures:

    • A step-by-step guide on preparing and submitting Form 15CA online.

🤝 Why Enroll?

This course is designed to equip you with the practical knowledge required for effective TDS management. By enrolling, you will gain a deep understanding of:

• The legal framework governing TDS on payments to non-residents.
• The latest updates and amendments to TDS laws.
• Real-world applications of TDS rules in various scenarios.
• Tools and resources for efficient compliance and reporting.

📅 Course Schedule:

The course covers a wide array of topics, each meticulously structured to enhance your understanding of the subject matter. With a blend of theoretical knowledge and practical examples, this course promises to be an enriching experience for all finance professionals and CAs.

Enroll now to secure your financial expertise with the most up-to-date TDS practices on payments to non-residents! 💼🚀

Please note that this course content is intended for educational purposes and should be used in conjunction with the latest tax laws and regulations as issued by the Income Tax Department of India. Always consult a professional tax advisor or refer to the official guidelines for specific cases and updates.