Ratlam (Madhya Pradesh): The Kar Salahkar Parishad (KSP) and the Ratlam branch of the Institute of Chartered Accountants of India (ICAI) jointly organised a programme here on Sunday to discuss the provisions of Union Finance Minister Nirmala Sitharaman's Union Budget. CA Pankaj Shah and CA Kirti Joshi were the keynote speakers. Shah stated that the Union finance minister has proposed many significant changes to the Income-tax Act of 1961 in his speech on the income tax provisions of the 2023 Finance Bill. He talked about the provisions pertaining to the new income tax regime, the presumptive profit computation of businesses owned by resident individuals, HUFs, and partnership firms, the capital gains cap under Section 54, and others.
Joshi emphasised the GST provisions. The guest speakers were welcomed by KSP president Kaide Kangsawala, ICAI Ratlam branch president Ankit Barmecha, and members. Pramod Nahar hosted the event, and Arpit Sharma gave a vote of thanks at the end.
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