INDIVIDUAL & HUF

Overview and Critical Issues

• Residential Status
• Taxation of Perquisites and allowances – ------Special                 Aspects, Structuring of Salary and perks- maximizing tax             benefits, mandatory evidence to be obtained by loyer
• Special issues in deductions available u/s 80C, 80D
• New ITRs for AY 2015-16
• Expatriate Taxation - Special issues
• Salary Structuring & Planning
• Clubbing Provisions
• Section 44AD – Special Provision for computing profits &              gains of business on presumptive basis
• HUF Partition

Ms. Poorva Prakash Director,Deloitte Haskins & Sells, LLP CA Nitin Tyagi, Manager, Deloitte Haskins & Sells, LLP

C.A Pramod Jain Lunawat & Co

PARTNERSHIP FIRM & LIMITED LIABILITY PARTNERSHIP

• Residential Status
• Practical Aspect and theory
  • Conversion of Partnership into Company
  • Conversion of Company into LLP
• Introduction and withdrawal of Asset as partner
• Salary & Interest to Partners
• Alternate Minimum Tax -Section 115JC

C.A Pramod Jain Lunawat & Co

INDIVIDUAL & HUF

TAXATION OF COMPANIES

• Residential Status- including implications on Foreign               companies
• Special provision of Deemed Divided Section 2(22)(e)-             precautionary planning,
• Deduction in respect of expenditure on specified                     business – Section 35AD,
• Section 80JJA Deduction in respect of employment of               workmen,
• Section 115JB (MAT),
• Section 14A, Rule 8D and recent case Laws and
• Explanation to Section 73A-recent developments-                   speculative share transactions

Mr. V.P Gupta Advocate

V P Gupta & Company

TAXATION OF PRIVATE TRUSTS

• Tool for succession, estate and tax planning
• Addressing personal guarantee and Section 2(22)(e)
• Including role of international trusts in international                 Corporate Structuring and planning wealth of Non Residents
• Succession Planning

Session Moderator: CA Rakesh Jain,
Chairman Frontline

Dr. Ravi Gupta
Advocate Senior Professor Shri Ram College Of Commerce
Author of Large number of highly popular books on Direct Taxes

CA Vinod Jain
Chairman, Inmacs Management Services Limited

TAXATION OF CHARITABLE TRUSTS

• Meaning of Charitable Purpose in terms of section 2(15) and consequences of recent changes.
• Form of recognized charitable entities their registration and comparison.
• Mandatory and recommended clauses in constitution document
• Registration of Trust
• Cancellation of Registration and withdrawal of exemption
• Consequence of amendment in making 80G registration in perpetuity
• Applicability of FCRA on donations.
• Anonymous Donation
• Taxation under different heads of Income.
• Requirements of Audit, Obligations under Income Tax Act to claim exemption and deductions.
• Recent Case laws

CA. Rohit Jain
Vaish Associates

TAXATION OF REAL ESTATE TRANSACTIONS -I

• Section 50C,43CA,56,194IA,2(47)(v),54, 54F
• Taxation under the head income from House Property vis-a-vis under the head Business vis-à-vis under the head “other sources”
• Revenue Recognition – completed contract vs. percentage completion- ICDS implication
• Taxation aspects under the head Capital Gain
• Sale Of Agriculture land.
• Drafting of Agreements

Dr. Ravi Gupta
Advocate Senior Professor Shri Ram College Of Commerce
Author of Large number of highly popular books on Direct Taxes

TAXATION OF REAL ESTATE TRANSACTIONS - II

• Taxation aspects of Collaboration Agreements-implication of possession, other important clauses, terms of power of attorney under collaboration agreement and taxation implications.
• Taxation in case of transfer of flats booked while construction, at various stages of completion
• Impact of Creation of transfer of Development rights with / without possession
• Cancellation of transfer of Development Rights
• Taxation of Alternative Business Model and corporate structure
• Taxation of Real estate Developer & Builder.
• Case Studies

Mr. Maadhav Poddar
Ernst & Young

TAXATION OF E-COMMERCE COMPANIES

Under different business models:-

• Company who is Running Platform
• Company which is doing buying & selling
• Company Handling Logistics
• Payment Gateway
• Case Study
• Taxation of Multi Brand Retail.

Mr. Gaurav Mittal
Director, Walker Chandiok & Co LLP

TAXATION OF SHARE CAPITAL

• Gift u/s 56
• Implication of allotment of shares at premium
• Implication of Buying & Selling of shares at other than fair value
• Transferring of asset at inadequate consideration
• Implication on Revaluation of shares
• Unexplained Cash Credit-Section 68
• Taxation of LTCG, STCG in case of Residents as well as Non-Residents.
• Share Premium u/s 56
• Undisclosed income u/s 68
• Tax Rates u/s 112

CA Rakesh Gupta
Former member ITAT

PRACTICAL ASPECTS RELEVANT TO SEARCH & SURVEY

• • How to prepare your organization and people for survey and precautions while recording of – Do’s and Don’ts
• • Surrender of Income – Advisability, Implications, Retraction and Consequences
• • Rights and duties of the Officers and of the person searched and the role of consultant
• • Consequential Search
• Survey of related parties & consultants
• Can a CA be searched /surveyed and precautions, consequential assessment issues and solution
• Centralization of assessment-How far it is relevant?
• Assessment of Search Cases – Practical tips to handle
• Precautions while recording of Statements/disclosure

CA Rajkumar Agarwal
Rakesh Raj & Associates

ASSESSMENT, REASSESSMENT, ALTERNATIVE / OPTION AGAINST ORDERS - APPEAL, RECTIFICATION , REVISION , PENALTY , OTHERS

• Preparation and presentation before Assessing Officer
• Norms of Selection for Scrutiny-disclosures needed to avoid unnecessary scrutiny
• Appeals - Preparation of appeal to CIT (A) and ITAT and handling appellate proceedings.
• Stay of Demand
• Additional Evidence
• Re-Assessment
• Rectification
• Review, Revision & Recall of Orders
• Judicial discipline.
• Appeals-issues, case laws and practical aspects
• Taxation based on information collected by various Government agencies (AIR, Surveillance)
• Section 271(1)(c )

ASSESSMENT CA Pramod Kapur
JL Garg & Co.

CA Baldev Raj
S.P Puri & Co.

APPEALS CA Ajay Wadhwa
Former President ITAT BAR Association

TAX DEDUCTED AT SOURCE

• Critical issues in TDS provisions specifically u/ss 194A, 194C, 194H, 194I & 194J
• TDS Procedures, deposit and returns dates and compliances
• E-filling techniques
• Interest, Penalty and Prosecution
• TDS Assessment and Refunds
• Response to Notices
• Tax Collection at Source – Special aspects
• Use of Forms 15G / 15H
• Section 206AA
• Matching of expenses with TDS return-with reference to Tax Audit

CA Ved Jain
Past President – ICAI

CA Rajeev Kahandelwal
Chairman – Webtel Electrosoft Private Limited

Implication of Income Computation and Disclosure Standards (ICDS)

Mr. Sai
Venkateshwaran KPMG

Implication of Black Money Bill- Precautions and initiative to ensure advance compliance of Undisclosed Foreign Income and asset (imposition of tax ) Bill 2015

Mr. Vikas Vasal
Partner, KPMG India

INTERNATIONAL TAXATION – I

• Section 4, 5 read with section 9
• How to read and understand impact of DTAA on a transaction
• Double Tax Avoidance Agreement and applicability of Indian regulations.
• Law, Procedure and Precaution for certifying Form 15CA & 15CB in view of enlarged scope
• Withholding Tax u/s 195 read with DTAA, Role of TRC.
• Case Studies

Mr. Sumit Gogia
Director, Deloitte Haskins & Sells, LLP

INTERNATIONAL TAXATION – II

• Concept of Business connection
• Concept of Permanent Establishment (including suggested structuring of relationship between foreign & Indian Company from the view point of Direct Taxes)
• Taxability of business income of foreign entitles / independent services providers
• Concept of Royalty, Fee for Technical Services (FTS) and distinction between Royalty and FTS
• Case Studies

CA Sanjeev Chaudhary
Partner BSR and Member Central Council ICAI

INTERNATIONAL TAXATION - III

• Taxation of Non Resident Individuals
• Taxation of Income from Investment
• Special Provision for Taxation in case of capital gain (Special Treatment)
• Taxation of Foreign Corporate in India- implication of mandatory registration under The Companies Act 2013
• Filing of Income Tax Returns- Expatriates-taxation including income earned in host countries, Foreign companies
• Structuring of International transactions
• Case Studies

CA Amitabh Singh
and CA Gaurav Singhal

INTERNATIONAL TAXATION - IV

• • Concept of Transfer Pricing – Domestic & International
• • Audit and Assessments,
• • Database and documentation ( T.P. Study )
• • Planning and structuring to manage issues
• • Case Laws & Recent Trends
• Case Studies

Mr. Nihar Jambusaria

Mr. Ashwin Vishwanathan
Director
Transfer pricing