Awareness Progamme on TDS (Tax deducted at Source)

On 15-09-2023, the Builders’ Association of India, Southern Centre successfully organized an awareness program on Tax Deducted at Source (TDS) at Builders’ Association of India, Southern Centre premises, Padma Bhushan Dr.A.Ramakrishna Auditorium, Ambattur, Chennai-600058. The awareness programme was well attended by around 125 members. The programme was started with the welcome address of Centre Chairman, Mr. A.N. Balaji . Mr. S.D.Kannan, Taxation Committee Chairman introduced the Chief Guest and Speakers

The event aimed to educate members on TDS provisions and their implications for the construction industry. The program featured speakers from the Income Tax Department. Shri B.Nishanth Rao, IRS, Deputy Commissioner of Income Tax as Chief Guest and Shri V.Chenchala Rao, Income Tax Officer, Smt. R.Srividya, Income Tax Officer and Shri V.Kalyanaraman, ITI, Income Tax Department, Ministry of Finance, Government of India, Tamilnadu Region, Chennai and representative from Sery Unity Financial Solutions.

The event commenced with a keynote address delivered by the Deputy Commissioner of Income Tax. He emphasized the significance of TDS compliance. Following the key note address, income Tax Officers conducted a detailed session on TDS provisions relevant to the Construction industry. They provided insights into TDS rates and thresholds applicable to various payment types, procedures for deducting TDS and depositing it with the government and the importance of accurate TDS filing and documentation.

The seminar included interactive session and participants had the opportunity to gain knowledge and to clear their doubts through Q & A session.

Bhishma Mr.R.Radhakrishnan, Past National President and Past Trustee honoured the Chief Guest and Guest Speakers wth Mementoes and Mr. A.N. Balaji, Chairman honoured the Sponsors SBI Mandaveli and Alwarpet Branches with a Memento.

The Seminar was concluded with the Vote of Thanks of Mr. N.G. Lokanathan, Seminar Committee Chairman.