"Government Is Considering Implementation of Income Computation and Disclosure Standards"- C.A. Tarun Ghia.

Pune, India, July 6, 2015 (Newswire.com) -  “The Institute of Chartered Accountants of India has made recommendations regarding Income computation disclosure standards and Indian direct tax laws to the government body of Central Board of Direct Tax (CBDT). These suggestions are being implemented at the national level which is creditable.” asserted Chairman, Direct Taxes Committee of ICAI C.A. Tarun Ghia on the occasion of the National Tax Convention. The Pune branch of Institute of Chartered Accountants of India (ICAI) organized a National Tax Convention at Siddhi Gardens in Pune.

C.A. S.B. Zaware (Central Council Member, ICAI), C.A. Sarvesh Joshi (Regional Council member, WIRC of ICAI), C.A. Satyanarayan Mundada (Regional Council member, WIRC of ICAI), C.A. Yashwant Kasar (Chairman, Pune branch of WIRC of ICAI), C.A. Sachin Parkale (Vice chairman,  Pune branch of WIRC of ICAI), C.A. Radhesham Agarwal (Secretary, Pune branch of WIRC of ICAI), C.A. Anand Jakhotiya (Treasurer, Pune branch of WIRC of ICAI), , C.A. Rajeshkumar Patil (Member, Managing Committee, Pune branch of WIRC of ICAI), and C.A. C.V. Chitale  were present on this occasion.

C.A. Tarun Ghia added,” The responsibilities of Chartered Accountants has further increased given the heavy workload that the National Tax Tribunal faces. The Chartered Accountants have the responsibility of consistently being informed about the new law amendments, Foreign Economic Policy, Bank Policies, and the legal aspects for Bank failures.”

On this occasion C.A. S.B. Zaware said, “The attraction towards Chartered Accountancy is increasing among youth and today’s youth is highly tech savvy. Hence, this medium can serve as easy and fast source of information to them. Maximum utilization of technology must be made to get that edge over others in this income race.”

Changes in transfer pricing, Finance Act 2015, Conversion of Private and partnership businesses into LPP, Joint Hindu Family Business and Joint Ventures, Common problems in Evaluations, Appeals, Recovery and Penalty, Investment for Non Residential Indian (NRI) FEMA and taxation process, are few of the many issues that will be discussed in this 2-day convention.