TDS 360°: Mastering Recent Amendments, Compliance & Challenges

DAY 1: The Core of TDS – Updates, Amendments & Practical Compliance

Theme: What’s New & What’s Changed in TDS?

• 1. TDS Framework Refresher
• Overview of key TDS sections (192 to 195)
• TDS vs TCS vs Advance Tax – compliance ecosystem
• Basic thresholds, due dates, revised rates summary
• Penal provisions: Interest, late fees, disallowances, prosecution under 271C
• 2. Finance Act 2024 – Recent TDS Amendments & Notifications
• Key Amendments & Analysis:
• Section 194T – TDS on Remuneration/Interest to Partners
• Applicable from 01.07.2024
• Deductor: Partnership firm / LLP
• Deductee: Working partners receiving remuneration or interest u/s 40(b)
• Exception: If amount is exempt under Sec 10(2A), no TDS
• TDS on credit or payment, whichever is earlier
• Likely TDS rate: 10% (clarification awaited)
• Reporting in Form 26Q
• Practical implications on journal entries, capital accounts, and classification of partner transactions
• Section 194R – Benefits & Perquisites in business: Clarifications + exemptions
• Section 194BA – TDS on online gaming winnings: Rules + practical FAQ
• Section 194N – Cash withdrawal above limits: Expanded scope
• Section 194K/194DA – TDS on mutual funds & life insurance proceeds
• Sections 206AB/206CCA – New high-risk deductee filter criteria
• Section 192 & 10-IEA: Salary regime linkage and employer TDS logic
• 3. Form-wise Compliance Changes
• Form 26Q, 26QB, 26QC, 26QD – Changes in validation & schema
• Pre-filled AIS/TIS vs deductor reporting – reconciliation importance
• PAN–Aadhaar linking impacts on deductee status
• Quarterly return penalty trends
• 4. CBDT Circulars & Grey Areas
• Circulars on 194R, 194BA & presumptive confusion
• Practical doubts: whether TDS on reimbursement, samples, gift cards
• Non-compliance examples under CPC auto-levy model
• Case Law Briefs: Section 40(a)(ia) disallowance disputes
• 5. Wrap-Up & Quiz
• Key takeaways
• 3-Question rapid recap quiz

DAY 2: TDS – Complex Cases, Litigation Trends & Risk Mitigation

• Theme: Defend, File, and Stay Default-Free in 2025
• 1. Complex Scenarios & High-Risk Transactions
• Partner Remuneration/Interest – Sec 194T Case Studies
• Payment vs Journal Entry – which triggers TDS?
• Interest credited but not withdrawn – still deductible?
• Impact on family firms and small LLPs
• Grey area: Non-working partner share – exempt?
• Freelancers/Influencers – TDS under 194J vs 194R
• Reimbursements & Composite Invoices – whether TDS applicable
• TDS on immovable property (194-IA) with multiple parties
• GST component – Whether to include in TDS base?
• 2. TDS Litigations – From Default to Defense
• CPC auto-adjustments: How to handle faulty demand
• Common errors: Duplicate deduction, late payment, wrong section
• Defence against 40(a)(ia) disallowance – bona fide error vs intentional default
• Using Section 154 for correction
• Appeal filing timelines under 246A
• How to draft a TDS default reply (sample language provided)
• 3. High-Risk Deductee Monitoring
• Use of Compliance Portal to check 206AB/206CCA status
• Managing deductees not filing ITR – risk grading
• Consequences of default: higher rate TDS, CPC notice
• Internal SOP for deductor organizations
• 4. Tech Tools & Automation for TDS
• TRACES latest updates
• PAN validation APIs & bulk uploader
• AI-based reconciliation tools
• Mapping books with AIS, 26AS & salary TDS returns
• 5. Wrap-Up, Downloads & Takeaways
• TDS Master Calendar (PDF)
• Partner Remuneration TDS Note (Sec 194T)
• CPC Default Reply Draft Format
• 2025 Section-wise Rate Card with Amendment Flags
• Attendance Certificate (PDF)