Direct Tax Refresher Course 2022

Topic

Speaker

18th June 2022 : 04.00 pm to 07.00 pm

Law on Leavy of Penalty under Direct Tax laws:

Detailed Analysis of Section 270A and evolving principles on law relating to penalty for income addition

Mitigating penalty – is disclosure enough?

Exploring writ jurisdiction in penalty proceedings

Penalty risk for directors and partners

Tax aspects for re-development projects:

Tax implications on the re-development projects for the existing societies, flat owners and the developers

Special considerations around TDR, conversion of tenancy rights

CA. Yogesh Thar

Law on Reassessment:

Detailed Analysis of changes in Finance Act 2021 and 2022

Impact of notices considering various High Court decisions and way forward for the taxpayers

Dos and Don’ts during reassessment proceedings

Examining efficacy writ jurisdiction for re-assessment notices

Laws dealing with Economic offences & Black money and interplay with the Income Tax law:

Overview of the provisions dealing with economic offences (including proceedings with ED) and consequences

Interpretation of Benami law

Role of the tax authorities in proceedings

Overlap of the actions between different Regulators and Tax officers

Implications & consequences under tax laws – especially dealing with income addition, penalty, and prosecution

Care and Compliance in undertaking Capital transactions under tax laws:

Different types of capital transactions – such as equity, preference shares, loans, grants, partnership capital and current account balances (both domestic and cross border)

Tax implications, risks, and safeguards at the time of receipt, service, transfer and return of such capital

Implications for resident and non-residents investors and investees

Documentation and Valuation approaches in undertaking capital transactions

Partnership and LLPs – Tax considerations:

Tax treatment on transactions between partners and firm

Conversions into / from LLP into other business form and associated tax issues and safeguards

Restructuring and re-organisation of the LLPs and associated tax issues

Tax issues relating to foreign LLPs and partnership firms

Charitable trusts – Tax considerations:

Tracing the key changes affecting the charitable trusts on the definition of charitable purpose, income definition, application conditions, cancellation as per the Finance Act 2022

Impact of the proviso to section 2(15) of the Act on the charitable purpose

Taxation of Dividend income:

Taxation of distinct types of dividend income streams – dividend on shares of companies, co-operative societies, mutual funds, dividends from Venture Capital Funds and REITs, dividend from foreign companies

Analysis of section 2(22) including the analysis of deemed dividend

Tax issues on dividend earned by non-residents

TDS considerations while making dividend payments to residents and non-residents