SEMINAR ON TAXATION ORGANISED ON 21st Feb 2025 at Hotel Kohinoor by CCCI
The ever-evolving landscape of taxation demands continuous learning and adaptation, and a recent seminar on 21st February 2025 at Hotel Kohinoor just helped enable that. Organized by the Christian Chamber of Commerce and Industry, this insightful session brought together industry experts and over 50 business leaders eager to understand the latest tax amendments. The session was jointly conducted by S.M. Lasrado & Co., represented by CA Stanley Lasrado & CA Jason Dmello and Transformatrix Global Private Limited, represented by CA Arun Vaz, CA Adarsh Tiwary and CA Pranit Surve. Their expertise provided attendees with in-depth insights into crucial tax reforms that impact businesses across various sectors.
The speakers delved into the latest changes in personal tax provisions, discussing modifications in tax slabs, exemptions, and deductions. With an emphasis on maximizing tax savings, the experts shared strategies to help individuals plan their taxes efficiently. A critical aspect of the discussion was the amendments in Section 80IAC, which provides tax incentives to eligible startups. The panel explained the latest eligibility criteria, tax benefits, and how startups can leverage these changes to enhance their financial planning. With MSMEs forming the backbone of the Indian economy, recent amendments in taxation policies for Micro, Small, and Medium Enterprises (MSMEs) were highlighted. The session focused on new compliance requirements, tax relief measures, and incentives introduced by the government to support MSME growth.
Keeping track of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) regulations is vital for businesses. The seminar detailed the latest rate changes, compliance requirements, and penalties associated with non-compliance, ensuring businesses stay ahead of regulatory challenges. GST and other indirect tax amendments were also a significant topic of discussion. The experts outlined updates in GST rates, input tax credit policies, and procedural changes that businesses must comply with to avoid penalties and optimize their tax planning. Lastly, the session covered procedural tax amendments, including modifications in return filing, digital compliance mandates, and regulatory deadlines. The speakers emphasized the importance of adapting to digital tax administration to streamline processes and avoid last-minute hassles.
With an interactive Q&A session led by CA Arun Vaz and CA Stanley Lasarado, participants had the opportunity to clarify doubts and gain practical insights into tax compliance and planning. The engaging discussion ensured that attendees walked away with a clearer understanding of the impact of tax reforms on their businesses and personal finances. Events like these, organized by the Christian Chamber of Commerce and Industry, play a crucial role in educating and empowering business owners. As tax laws continue to evolve, such initiatives help businesses remain compliant, competitive, and financially robust. With the success of this seminar, we look forward to more such insightful sessions in the future, ensuring the members stay ahead in the dynamic world of taxation.
CA Arun Vaz
(9820517208)
Transformatrix Global Private Limited. (Co-Founder)