The provisions in and direction of Union Budget presented by Finance Minister Nirmala Sitharaman sows the seeds of taking Indian Economy to Five Trillion Dollar said Chartered Accountant Nikhilesh Thakar. He was speaking at Analysis of Union Budget program organised by TEAM CAIT Nagpur. Nikhilesh Thakar further said that from this budget it is very clear that Indian Economy is set to become world’s Third Largest Economy.
He further said that the budget is directed towards Roti, Kapda, Makan, Health, Education and Employment. Highlighting the important issues relating to Income Tax amendments, he elaborately explained the propose amendments in finer words. He explained in detail the importance of the New Tax Slab structure and its benefit to pensioner, Senior Citizen and others. He also explained in detail the amendment in Tax Audit, TDS and TCS. The changes in Tax Audit Limits and its applicability were also explained. He emphasized on traders the need to understand the amendments in provisions concerning charitable activates. He said that the traders are involved in charitable trust. They should know the new requirement charitable registration, its renewal and benefits U/s. 80G. Concluding his remarks he welcomed the provisions contained in budget.
Kishor Dharashivkar President TEAM CAIT Nagpur chaired the meeting and welcomed the guests. Vice President Jyoti Awasthi explained the benefits to women MSME. Secretary General Farooque Akbani initiated the discussion. Sapana Talreja proposed vote of thanks.
Those prominently present were Ravindra Padgilwar, S.Bhutolia, Govind Patel, Arvind Aasthi, Ramesh Gole, Archan Rastogi etc.