GJEPC, in partnership with the Income Tax Department, Jaipur, successfully carried out an outreach program titled “Understanding the Basics of Tax Deducted at Source (TDS) Provisions”. The event was attended by 25 people from both Special Economic Zones (SEZs) and Domestic Tariff Areas (DTAs).
CA Anoop Bhatia gave a comprehensive lecture about TDS. These included: the fundamentals of TDS; the applicability of TDS across payments and threshold limits; the compliance process: deduction, deposit, and filing timelines; key amendments to TDS provisions and their implications; penalties for noncompliance and methods for resolution; and practical challenges and best practices in TDS compliance.
Income Tax officers were present at the event to answer any questions asked by attendees. Shri Budhiprakash, Joint Commissioner, SEZ Customs, and Shri Pankaj Sharma, Assistant Development Commissioner, Jaipur SEZ, also attended the program.