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CA Final International Taxation – PAY AS YOU PASS OFFER

CA Final International Taxation Paper 6C Registration for November 2019 and May 2020

To help the students  fund the cost of their education, and pay, when they have achieved the desired result, Arinjay Academy has brought this offer to help the students.

TERMS AND CONDITIONS OF THE OFFER

  1. No upfront fees except Non-refundable Convenience Fees of Rs. 641/ –  shall be collected upfront , which shall be adjusted against the final payment ;
  2. Offer Valid until September 15, 2019 or reaching maximum student limit , unless extended ;
  3. Access Valid until end of May 2020 exams, including amendments thereto ;
  4. Available only on Google Drive for download ;
  5. On successful clearance of  CA Final International Taxation Paper 6C, student  should  pay the remaining course fees of Rs. 3559 / –
  6. Providing False information shall result in removal from Course and other necessary action against the candidate  ;
  7. Please send your Marksheet for CA Inter (Both Groups),  CA Final Registration Card  and CA Internship status from ICAI Website to aacademyapp@gmail.com for ensuring Course Activation
  8. Grant of access is completely for the Management discretion and shall be final.

TO ENROLL, PLEASE CLICK HERE AND PROVIDE THE RELEVANT INFORMATION

Once the Form is filled and relevant documents sent to us, the download  link alongwith USER ID and password shall be sent to the student.

For Demo Videos, please enroll in our CA Final International Taxation Course

Course link – https://learn.arinjayacademy.com/learn/ca-final-international-taxation-elective-paper-6c?  

For any queries 

Call – 9667222008, 6399283628

Mail – aacademyapp@gmail.com

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Stock Market Courses Online – Video Lectures – CA Aaditya Jain Classes

CA Aaditya Jain Classes for Stock Market Certificate Course Online which help beginners to learn stock market.

[Read more…] about Stock Market Courses Online – Video Lectures – CA Aaditya Jain Classes

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CA Final Indirect Tax Video Lectures Updated Nov 2019 by CA Amit Jain

CA Final Indirect tax Video lectures (Updated November 2019) by CA Amit Jain, Best faculty for IDT CA Final.

Course Key Features

✓Fully Amended CA Final Indirect Tax Video Lectures for November 2019 – available in Hindi/English
❖ Pendrive @ INR 7500 including colourful book
❖ Google Drive @ INR 6500 including colourful book
❖ Google Drive @ INR 5500 with soft copy of colourful book
✓ Total ~ 90 hours with 4 views (Regular Track). Validity November 2019 exam.
✓ Telegram/WhatsApp group for Doubt Clearance
✓ Doubt clearance also on phone call
✓ Short Revision Videos/Audios

CA Final Indirect Tax Video Lectures – Topic Covered

1. GST in India – An Introduction
2. Supply under GST
3. Charge of GST
4. Exemptions from GST
5. Place of Supply
6. Time of Supply
7. Value of Supply
8. Input Tax Credit
9. Registration
10. Tax Invoice, Credit & Debit Notes
11. Accounts & Records; E-way Bill
12. Payment of Tax
13. Returns
14. Import & Export under GST
15. Refunds
16. Job Work
17. Assessment & Audit
18. Inspection, Search, Seizure and Arrest
19. Demands & Recovery
20. Liability to pay tax in certain cases
21. Offences & Penalties
22. Appeals & Revisions
23. Advance Ruling
24. Miscellaneous Provisions

About the Instructor


Amit Jain
Faculty of Indirect Tax. Rated one of the Best Faculty by students in terms of superb doubt clearance support, notes & MCQs. Chartered Accountant (Intermediate All India 41st Rank Holder )
  • CIMA – United Kingdom (All India 1st Rank and Globally 2nd Rank in Professional Gateway Exam)
  • Diploma in IFRS, ACCA – United Kingdom
  • Diploma in Business Finance, ICFAI
  • Certificate in Derivatives, National Stock Exchange
CA Amit Jain is ex Top Management personnel of Multinational and Indian companies with practical experience of GST implementation in Big Corporate. He is ex-member of IMA CFO forum. During post qualification journey, he gained extensive exposure to fundamental of 5 pillars of Finance Domain i.e. Financial Reporting, Financial Planning and Analysis, Internal and Statutory Audit, Taxation and Mitigating Risks & Losses. As a Top Management Executive, he has handled assignment related to Indirect Taxation including GST implementation, Direct Tax & International Taxation, European VAT Laws, Risk Mitigating Strategy, Designing Controls including SOX compliances etc. Recruited & Trained CA, CS, CMA, MBA etc. He became Top Management executive at the age of 28th in Fortune 50 Multinational company. He is also ex-member of IMA CFO Forum. He has 10 years of Top Management experience (CFO/FC) out of 15 years of post-qualification experience.

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Section 193 of Income Tax Act TDS Section

Section 193 of Income Tax Act provides that the person responsible for paying  to a resident,  any income by way of interest on securities ,  shall at the time of credit of such income to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier , deduct income-tax  at the rates in force on the amount of the interest payable.

The various aspects required to be discussed in respect of Section 193 of Income Tax Act are as under : –

  • Who are liable to deduct tax u/s 193 ? Who should be the Payee ?
  • Timing of Deduction
  • Rate and Minimum Threshold for deduction of taxes
  • Whether payment qualifies as a  Interest on securities ?
  • Exemptions and Non Deduction Cases

Each of these cases are discussed as under : –

Who are liable to deduct tds under Section 193 ?

TDS under Section 193 has to be deducted when the Payor is a : –

  • Local authority, Corporation or company, including principal officer thereof
  • Central or State Government

However, such person are liable to deduct TDS only when the recipient is a resident.  Non resident recipient are not covered  under Section 193.

Timing of Deduction – Section 193 of Income Tax Act

Tax u/s 193 has to be deducted at the time of credit of such interest income to the account of the payee (including credit to a Suspense Account/ Interest Payable Account or any other account , which would be considered as a credit),  or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier .

Rate and Minimum Threshold for deduction of taxes under Section 193

  • 10% on interest on securities ;
  • 20% (if PAN is not provided by recipient) – as per the provisions of Section 206AA
  • As per lower WHT certificate , if any, obtained u/s 197 .
S.NO. PARTICULARS RATE
1. Person (other than a company) resident in India who pays interest on
(A) Any debentures or securities other than a security of the Central or State Government for money issued by or on behalf of any local authority or a corporation established by a Central, State or Provincial Act; 10%
(B) Any debentures issued by a Company where such debentures are listed on a recognised stock exchange in India in accordance with the Securities Contracts (Regulations) Act, 1956 and any rules made thereunder 10%
(C) Debentures not listed on a recognised stock exchange 10%
(D) 8% / 7.75% Savings Taxable Bonds 10%
 2. Domestic company
Any interest on securities  10%

Whether payment qualifies as a  Interest on securities under Section 193?

Section 193 covers payments, which are in the nature of following payments : –

  • Interest on debentures or other securities issued for money by or on behalf of local authority, a company or  a corporation established by State Central for provincial act
  • Interest on securities of Central or state government – Subject to certain exemptions

Exemptions and Non Deduction Cases

Section 193 excludes the following payments from deduction of TDS u/s 193 : – 

  • Central Government notified debentures issued by specified authorities
  •  Interest on any security issued by the Central or State Government
  • Securities specified in proviso to Section 193
  • Interest payable on a listed Security issued by a company    in dematerialized form as per SCRA
  • Interest  payable to LIC, General Insurance Corporation of India, other insurer, in respect of securities owned by them beneficially
  • Interest paid or payable by a widely held Company on   listed/ unlisted debentures to a resident individual/ HUF by an account pay cheque not exceeding Rs. 5,000
  • Interest payable on a listed company Security    in dematerialized form
  • Interest on 8% Saving (Taxable) Bonds 2003 / 0r 7.75% Saving (Taxable) Bonds 2018 , issued by central government it to the extent of Rs. of 10000
  • Payment to new Pension System Trust referred to in Section 44F/ other Bodies notified by Central Government

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TDS on consultancy charges

TDS on consultancy charges is required to be deducted under Section 194J of Income Tax Act 1961.

Rate and Amount for deduction of  TDS

The rate of  TDS  is as under : –

  • TDS shall be deducted @ 10%.
  • No Surcharge and Higher Education Cess (“HEC”)  shall be added to the 10% rate.
  •  TDS @ 20% shall be deducted where the recipient does not provide the  PAN number to the deductor.

TDS on consultancy charges shall be deducted on invoice value, excluding the value of GST (if such value is mentioned separately in the invoice) –  Circular No. 23/ 2017. However,   TDS shall be deducted on whole of the invoice value (if value of GST is not mentioned separately in the invoice) –  Circular No. 23/ 2017

Time of deducting TDS on consultancy charges

The time when TDS is required to be deducted is earlier of the following two events –

  • Credit of consultancy charges to the account of payee; or
  •  Payment of consultancy charges in cash or by way of issue of cheque/ draft/ any other mode.

Illustrations : – 

For Full text of Section 194J, please refer this link 

Explore our Full detailed Article on TDS.

TDS on consultancy charges is required to be deducted under Section 194J of Income Tax Act 1961 at the rate of 10% for payments to residents.

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TDS on courier service

TDS on courier service is required to be deducted under Section 194C of Income Tax Act 1961.

Rate and Amount for deduction of TDS

The rate of TDS is as under: –

  • TDS shall be deducted @ following rates u/s 194C depending on whether the payee is an Individual/ HUF or other than Individual/ HUF:
    • Credit/ Payment is made to an Individual/ HUF – 1%
    • Credit/Payment is made to a person other than an Individual/ HUF – 2%
  • No Surcharge and Higher Education Cess (“HEC”) shall be added to the above-mentioned rates.
  •  TDS @ 20% shall be deducted where the contractor does not provide the PAN number to the deductor.

TDS on courier service shall be deducted on invoice value, excluding the value of GST (if such value is mentioned separately in the invoice) – Circular No. 23/ 2017. However, TDS shall be deducted on whole of the invoice value (if value of GST is not mentioned separately in the invoice) – Circular No. 23/ 2017

Exemption from tax deduction u/s 194C

  • Where the amount credited/ paid does not exceed Rs. 30,000 in a single transaction. Further, no TDS shall be deducted, where the amount or aggregate of amounts credited/ paid during the FY does not exceed Rs. 1,00,000.
  • Where consideration paid by an individual or HUF is on account of personal purpose.
  • Payment made to Non-Resident contractor shall not attract TDS u/s 194C. However, it shall be governed by provisions of Section 195

Time of deducting TDS on courier service

The time when TDS is required to be deducted is earlier of the following two events –

  • Credit of such sum to the account of payee; or
  • Payment in cash or by way of issue of cheque/ draft/ any other mode

Illustrations: – 

For Full text of Section 194C, please refer this link 

Explore our Full detailed Article on TDS.

TDS on courier service is required to be deducted under Section 194C of Income Tax Act 1961 at the rate of 1% or 2% (as the case may be) for payments to residents.

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TDS on payment to transporter

TDS on payment to transporter is required to be deducted under Section 194C of Income Tax Act 1961.

Rate and Amount for deduction of TDS

The rate of TDS is as under: –

  • TDS shall be deducted @ following rates u/s 194C depending on whether the payee is an Individual/ HUF or other than Individual/ HUF:
    • Credit/ Payment is made to an Individual/ HUF – 1%
    • Credit/Payment is made to a person other than an Individual/ HUF – 2%
  • No Surcharge and Higher Education Cess (“HEC”) shall be added to the above-mentioned rates.
  •  TDS @ 20% shall be deducted where the transporter does not provide the PAN number to the deductor.

TDS on payment to transporter shall be deducted on invoice value, excluding the value of GST (if such value is mentioned separately in the invoice) – Circular No. 23/ 2017. However, TDS shall be deducted on whole of the invoice value (if value of GST is not mentioned separately in the invoice) – Circular No. 23/ 2017

Exemption from tax deduction u/s 194C

  • Where the amount credited/ paid does not exceed Rs. 30,000 in a single transaction. Further, no TDS shall be deducted, where the amount or aggregate of amounts credited/ paid during the FY does not exceed Rs. 1,00,000.
  • Where consideration paid by an individual or HUF is on account of personal purpose.
  • Payment made to Non-Resident contractor shall not attract TDS u/s 194C. However, it shall be governed by provisions of Section 195

Time of deducting TDS on payment to transporter

The time when TDS is required to be deducted is earlier of the following two events –

  • Credit of such sum to the account of payee; or
  • Payment in cash or by way of issue of cheque/ draft/ any other mode

Illustrations: – 

For Full text of Section 194C, please refer this link 

Explore our Full detailed Article on TDS.

TDS on payment to transporter is required to be deducted under Section 194C of Income Tax Act 1961 at the rate of 1% or 2% (as the case may be) for payments to residents.

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TDS on labour charges

TDS on labour charges is required to be deducted under Section 194C of Income Tax Act 1961.

Rate and Amount for deduction of TDS

The rate of TDS is as under: –

  • TDS shall be deducted @ following rates u/s 194C depending on whether the payee is an Individual/ HUF or other than Individual/ HUF:
    • Credit/ Payment is made to an Individual/ HUF – 1%
    • Credit/Payment is made to a person other than an Individual/ HUF – 2%
  • No Surcharge and Higher Education Cess (“HEC”) shall be added to the above-mentioned rates.
  •  TDS @ 20% shall be deducted where the transporter does not provide the PAN number to the deductor.

TDS on labour charges shall be deducted on invoice value, excluding the value of GST (if such value is mentioned separately in the invoice) – Circular No. 23/ 2017. However, TDS shall be deducted on whole of the invoice value (if value of GST is not mentioned separately in the invoice) – Circular No. 23/ 2017

Exemption from tax deduction u/s 194C

  • Where the amount credited/ paid does not exceed Rs. 30,000 in a single transaction. Further, no TDS shall be deducted, where the amount or aggregate of amounts credited/ paid during the FY does not exceed Rs. 1,00,000.
  • Where consideration paid by an individual or HUF is on account of personal purpose.
  • Payment made to Non-Resident contractor shall not attract TDS u/s 194C. However, it shall be governed by provisions of Section 195

Time of deducting TDS on labour charges

The time when TDS is required to be deducted is earlier of the following two events –

  • Credit of such sum to the account of payee; or
  • Payment in cash or by way of issue of cheque/ draft/ any other mode

Illustrations: – 

For Full text of Section 194C, please refer this link 

Explore our Full detailed Article on TDS.

TDS on labour charges is required to be deducted under Section 194C of Income Tax Act 1961 at the rate of 1% or 2% (as the case may be) for payments to residents.

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TDS on security services

TDS on security services is required to be deducted under Section 194C of Income Tax Act 1961.

Rate and Amount for deduction of TDS

The rate of TDS is as under: –

  • TDS shall be deducted @ following rates u/s 194C depending on whether the payee is an Individual/ HUF or other than Individual/ HUF:
    • Credit/ Payment is made to an Individual/ HUF – 1%
    • Credit/Payment is made to a person other than an Individual/ HUF – 2%
  • No Surcharge and Higher Education Cess (“HEC”) shall be added to the above-mentioned rates.
  •  TDS @ 20% shall be deducted where the transporter does not provide the PAN number to the deductor.

TDS on security services shall be deducted on invoice value, excluding the value of GST (if such value is mentioned separately in the invoice) – Circular No. 23/ 2017. However, TDS shall be deducted on whole of the invoice value (if value of GST is not mentioned separately in the invoice) – Circular No. 23/ 2017

Exemption from tax deduction u/s 194C

  • Where the amount credited/ paid does not exceed Rs. 30,000 in a single transaction. Further, no TDS shall be deducted, where the amount or aggregate of amounts credited/ paid during the FY does not exceed Rs. 1,00,000.
  • Where consideration paid by an individual or HUF is on account of personal purpose.
  • Payment made to Non-Resident contractor shall not attract TDS u/s 194C. However, it shall be governed by provisions of Section 195

Time of deducting TDS on security services

The time when TDS is required to be deducted is earlier of the following two events –

  • Credit of such sum to the account of payee; or
  • Payment in cash or by way of issue of cheque/ draft/ any other mode

Illustrations: – 

For Full text of Section 194C, please refer this link 

Explore our Full detailed Article on TDS.

TDS on security services is required to be deducted under Section 194C of Income Tax Act 1961 at the rate of 1% or 2% (as the case may be) for payments to residents.

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TDS on job work

TDS on job work is required to be deducted under Section 194C of Income Tax Act 1961.

Rate and Amount for deduction of TDS

The rate of TDS is as under: –

  • TDS shall be deducted @ following rates u/s 194C depending on whether the payee is an Individual/ HUF or other than Individual/ HUF:
    • Credit/ Payment is made to an Individual/ HUF – 1%
    • Credit/Payment is made to a person other than an Individual/ HUF – 2%
  • No Surcharge and Higher Education Cess (“HEC”) shall be added to the above-mentioned rates.
  •  TDS @ 20% shall be deducted where the transporter does not provide the PAN number to the deductor.

TDS on job work shall be deducted on invoice value, excluding the value of GST (if such value is mentioned separately in the invoice) – Circular No. 23/ 2017. However, TDS shall be deducted on whole of the invoice value (if value of GST is not mentioned separately in the invoice) – Circular No. 23/ 2017

Exemption from tax deduction u/s 194C

  • Where the amount credited/ paid does not exceed Rs. 30,000 in a single transaction. Further, no TDS shall be deducted, where the amount or aggregate of amounts credited/ paid during the FY does not exceed Rs. 1,00,000.
  • Where consideration paid by an individual or HUF is on account of personal purpose.
  • Payment made to Non-Resident contractor shall not attract TDS u/s 194C. However, it shall be governed by provisions of Section 195

Time of deducting TDS on job work

The time when TDS is required to be deducted is earlier of the following two events –

  • Credit of such sum to the account of payee; or
  • Payment in cash or by way of issue of cheque/ draft/ any other mode

Illustrations: – 

For Full text of Section 194C, please refer this link 

Explore our Full detailed Article on TDS.

TDS on job work is required to be deducted under Section 194C of Income Tax Act 1961 at the rate of 1% or 2% (as the case may be) for payments to residents.

/

TDS on courier charges

TDS on courier charges is required to be deducted under Section 194C of Income Tax Act 1961.

Rate and Amount for deduction of TDS

The rate of TDS is as under: –

  • TDS shall be deducted @ following rates u/s 194C depending on whether the payee is an Individual/ HUF or other than Individual/ HUF:
    • Credit/ Payment is made to an Individual/ HUF – 1%
    • Credit/Payment is made to a person other than an Individual/ HUF – 2%
  • No Surcharge and Higher Education Cess (“HEC”) shall be added to the above-mentioned rates.
  •  TDS @ 20% shall be deducted where the contractor does not provide the PAN number to the deductor.

TDS on courier charges shall be deducted on invoice value, excluding the value of GST (if such value is mentioned separately in the invoice) – Circular No. 23/ 2017. However, TDS shall be deducted on whole of the invoice value (if value of GST is not mentioned separately in the invoice) – Circular No. 23/ 2017

TDS ONLINE COURSE @ 999 – 1 YEAR SUBSCRIPTION AND FREE UPDATES 

Exemption from tax deduction u/s 194C

  • Where the amount credited/ paid does not exceed Rs. 30,000 in a single transaction. Further, no TDS shall be deducted, where the amount or aggregate of amounts credited/ paid during the FY does not exceed Rs. 1,00,000.
  • Where consideration paid by an individual or HUF is on account of personal purpose.
  • Payment made to Non-Resident contractor shall not attract TDS u/s 194C. However, it shall be governed by provisions of Section 195

Time of deducting TDS on courier charges

The time when TDS is required to be deducted is earlier of the following two events –

  • Credit of such sum to the account of payee; or
  • Payment in cash or by way of issue of cheque/ draft/ any other mode

Illustrations: – 

For Full text of Section 194C, please refer this link 

Explore our Full detailed Article on TDS.

TDS on courier charges is required to be deducted under Section 194C of Income Tax Act 1961 at the rate of 1% or 2% (as the case may be) for payments to residents.

TDS ONLINE COURSE @ 999 – 1 YEAR SUBSCRIPTION AND FREE UPDATES 

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TDS on catering services

TDS on catering services is required to be deducted under Section 194C of Income Tax Act 1961.

Rate and Amount for deduction of TDS

The rate of TDS is as under: –

  • TDS shall be deducted @ following rates u/s 194C depending on whether the payee is an Individual/ HUF or other than Individual/ HUF:
    • Credit/ Payment is made to an Individual/ HUF – 1%
    • Credit/Payment is made to a person other than an Individual/ HUF – 2%
  • No Surcharge and Higher Education Cess (“HEC”) shall be added to the above-mentioned rates.
  •  TDS @ 20% shall be deducted where the contractor does not provide the PAN number to the deductor.

TDS on catering services shall be deducted on invoice value, excluding the value of GST (if such value is mentioned separately in the invoice) – Circular No. 23/ 2017. However, TDS shall be deducted on whole of the invoice value (if value of GST is not mentioned separately in the invoice) – Circular No. 23/ 2017

Exemption from tax deduction u/s 194C

  • Where the amount credited/ paid does not exceed Rs. 30,000 in a single transaction. Further, no TDS shall be deducted, where the amount or aggregate of amounts credited/ paid during the FY does not exceed Rs. 1,00,000.
  • Where consideration paid by an individual or HUF is on account of personal purpose.
  • Payment made to Non-Resident contractor shall not attract TDS u/s 194C. However, it shall be governed by provisions of Section 195

Time of deducting TDS on catering services

The time when TDS is required to be deducted is earlier of the following two events –

  • Credit of such sum to the account of payee; or
  • Payment in cash or by way of issue of cheque/ draft/ any other mode

Illustrations: – 

For Full text of Section 194C, please refer this link 

Explore our Full detailed Article on TDS.

TDS on catering services is required to be deducted under Section 194C of Income Tax Act 1961 at the rate of 1% or 2% (as the case may be) for payments to residents.