Pune: The Institute of Chartered Accountants of India (ICAI), through its Direct Tax Committee (DTC), inaugurated a two-day national conference on 'Direct Taxes' in Pune, organized by the ICAI Pune branch.
The event underscored the critical role of Chartered Accountants (CAs) in the direct tax collection process, which directly impacts government revenues and the overall economy.
CA Chandrashekhar Chitale, a Central Council Member (CCM) of ICAI, addressed the gathering, emphasizing the pivotal contributions of CAs in bolstering the country's economic framework.
"Chartered Accountants are instrumental in suggesting reforms to the tax structure and provisions, thus ensuring coherence and effectiveness in tax administration," said Chitale.
The conference also featured prominent ICAI members including DTC Chairman CA Piyush Chhajed, Regional Committee Member CA Ruta Chitale, ICAI Pune Chairperson CA Amruta Kulkarni, and Conference Coordinator CA Ajinkya Randive.
Other dignitaries present were Pune Branch Vice Chairman CA Sachin Maniyar, Secretary CA Hrishikesh Badwe, Treasurer CA Moshami Shah, and Executive Committee Members CA Rajesh Agarwal, CA Pritesh Munot, CA Pranav Apte, and CA Kashinath Pathare.
With over 500 Chartered Accountants from across the nation in attendance, the conference hosted sessions on diverse topics such as 'Penalty under Section 270A' by former ICAI President CA Nihar Jambusaria, 'Non-Resident Taxation' by CA Nandakishore Hegde, and 'Drafting and Facing the Faceless CIT (Appeals)' by CA (Dr.) V. L. Jain.
Additional sessions included 'Taxation of Partnership Firms' by CA Anil Sathe, 'Re-assessment under the Income Tax Act, 1961' by CA Piyush Chhajed, 'Recent Decisions by Pune Tribunal' by CA Kishor Phadke, and 'Provisions Regarding Block Assessment' by Dr. Sunil Pathak.
ICAI Pune Chairperson CA Amruta Kulkarni noted, "The conference received an enthusiastic response, with participants benefiting from expert insights into the latest changes, provisions, and rules in the tax system. Pune continues to be a preferred location for such gatherings due to the high-quality guidance available."