Overview of workshop:
TDS & VDS is a very critical part in Taxation management and this course focuses only on the important aspect of VDS and TDS.
In each lesson, real life examples have been used to explain the TDS and VDS issues that you are regularly facing in your corporate life. How to calculate tax and VAT at source if invoice includes tax and VAT or what will be the TDS and VDS amount if invoice issued excluding tax and VAT?
Sometimes, you may fail to deduct or deposit the deducted tax to the government treasury then what will be the procedures to deposit tax? What shall be the penalty amount and how will you calculate the penalty? All these issues are discussed using examples.
Contents of Workshop:
✔ General Discussion on Income Tax, VAT & SD Acts and Rules
✔ Brief discussion on VAT/Tax exempted goods & services
✔ VAT/Tax exempted SRO
✔ What is Withholding VAT/Tax and Who is liable to deduct VAT/Tax
✔ Responsibilities of VAT/Tax deducting Authority
✔ Time frame of depositing of deducting VAT/Tax
✔ Consequences for no deduction of VAT/Tax
✔ Q/A Session