The Joint Commissionerate of Income Tax, TDS Range-3, Chennai, in coordination with the Federation of Indian Export Organizations (SR), under the able guidance of Ms C Tripura Sundari, IRS, Commissioner of Income Tax (TDS) and Sh. M Arjun Manic, IRS, Joint Commissioner of Income Tax, TDS Range-3, Chennai has conducted an Income Tax – TDS Awareness Program (Hybrid version) for the benefit of the members of FIEO, on 17-08-2023 (Thursday) at the Conference Hall of FIEO,  7th Floor of Spencer Plaza, Chennai, through Hybrid Version.

In this TDS Awareness Program, more than  45 members in physical mode and more than 100 members through online mode ,  who are Exporters / Importers  pertaining to the Sectors of Engineering, Textile & Garments, Leather,  etc.,  were participated and got benefitted.

Sh. K Unnikrishnan, Joint Director General, FIEO(SR) has presided over the TDS Awareness Program and he has delivered his Welcome Address.

Sh. E Elango, IRS, Deputy Commissioner of Income Tax, TDS Circle 3(1), Chenani has delivered his address on the Latest Amendments on TDS / TCS under the Income Tax Act,1961 and sensitized the tax deductors. Sh. L Rajaraman, ITO and Sh. T V Sridhar, ITO has delivered their addresses on an overview of TDS / TCS provisions Income Tax Act,1961 and Consequences of TDS/TCS non-compliances respectively.   Stress was made to adhere to the TDS Provisions like 206AA / 206CC ( for the deductees / collectees who have not linked their PAN with Aadhar) and also 206AB / 206CCA ( for the deductees / collectees who have failed file their return of income for the PY, and its implementation of higher rate of deduction of tax.  The participants were sensitized on the mechanism available in the reporting portal of Income Tax Department to ascertain the Specified Persons under section206AA / 206CC and 206AB/ 206CCA.

The session was more interactive, the queries raised by the participants in physical mode and as well in chat box raised by the participants through online made were clarified Ms Subashini Ganapathy, Chartered Accountant  has handled a technical session on TRACES portal. 

Ms Selvanayagi, Joint Director, FIEO (SR) has delivered vote of thanks.

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