Learning Events at BCAS

Suburban Study Circle Meeting on “Navigating the New Income Tax Bill, TDS, Deductions & Critical Provisions”, was led by CA Upamanyu Manjrekar & CA SnehalMayacharya, where they delved into critical amendments in the Income Tax framework, with a focus on TDS, deductions, and key provisions. The discussion highlighted changes in terminology, procedural updates, and practical implications for businesses and professionals.

Key changes discussed included:

• Modifications in Income Tax Bill Wording – Minor yet impactful changes in phraseology, altering interpretation and compliance requirements.
• TDS Revisions – Updates on applicability, rates, and compliance, including sector-specific changes.
• Procedural & Compliance Changes – New filing requirements, reporting obligations, and penalty structures.
• Impact on Business & Professionals – Discussion on how the amendments affect different taxpayer categories.
• Group Interpretation &a
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