Deduction/Collection of direct tax at source plays one of the most crucial roles in mobilizing direct tax revenue. It is imperative to note that in the last year about 36% of total Direct Tax collection was made through TDS/TCS only. The TDS wing of the department registered an annual growth of 24%, despite the downturn in growth and sluggish performance of the Indian Economy. The Roadmap for this year for the TDS charge has already been chalked out by the Board elaborately in the action plan. To augment the scope of generating revenue, CBDT has desired to strengthen and streamline the TDS administration. Keeping the above in view, this directorate is going to organize a seminar on ‘Contemporary Issues on TDS’ at the NADT, Nagpur from 10th October, 2012 to 12th October, 2012 for officers of the rank of Additional / Joint / Deputy / Assistant CsIT. The basic objective of this seminar is to: –
- Discuss and Analyze the scope augmenting collection by way of TDS/TCS.
- Discuss and Analyze new initiative/strategies taken by the department, to counteract the techniques adopted or modules devised by the assessee(s) at large, to avoid or bypass the TDS provisions.
- Best practices / Best Surveys / Best orders that the participants will like to share.
- Integrate the collective wisdom from experience and practice with established concepts & techniques in formulating strategies to implement plan of action effectively.
it is better, if the department gives training to the assessees about the TDS payment, E-filing of TDS returns, to download the TDS certificates from the NSDL web site, to upload into the website, how to obtain the user id and password, how to download the consolidated FUV file. If a training is conducted to the CA’s, Tax Practitioners, Assessee’s it will be good. Let the department charge for the same. Most of the government departments do not know whether they have to file the e-tds return. The state Government departments are just remitting the TDS amount through the treasury and keep quiet, without filing the TDS return online. It is not their fault, but ignorance. Hence, it is better to give training.