The college organised a webinar “Budget Briefings: Discussion on the Union Budget”. The session was conducted by Sarvesh Mundra. He gave all the students brief impression on the budget. He highlighted certain points. In a year when the world was ravaged with the COVID19 pandemic.
Finance Minister gave health the attention it merited. Health allocation jumped 137% to Rs 2,23,846 crore in 2021-22 compared with Rs 94,452 crore in 2020-21. The Government provided Rs 35,000 crore for the Covid-19 vaccine, and promised to provide further funds, if required. While no changes have been proposed to the personal tax rates, the budget contains various relief measures and proposals to facilitate ease of compliance for the taxpayers. The budget also proposes taxing certain income such as interest accruing in relation to Provident Fund contributions exceeding specified limit, which are presently not subject to tax.
Mr. Vivek Bajaj, an alumnus of IIM and a chartered accountant, also a trader in capital markets. He picked up different sectors and the implication of the budget on those sectors. The Union Budget 2021 had a massive impact on the Indian markets on that day. The benchmark indices, which is Sensex and Nifty recorded the highest budget day gains in more than 2 decades. Nifty was up 4.74% to 14,281.2 and Sensex was up 5% to 48,600.61.
Prof. Mohit Agarwal, faculty of the college spoke about the tax proposals:The theme for the direct tax proposal was simplification of the tax administration, ease of compliance and reduction of litigation. The key aspects of the direct tax proposals impacting individual taxpayers are Extension of home loan interest tax break and Introduction of section 89A. Certain tax proposals include the Hon’ble Finance Minister Smt. Nirmala Sitharaman presented Finance Bill 2021 and accordingly some changes have been proposed in Indirect Tax Laws.
All the changes in the rate of tax has taken effect from the midnight of 1st of February 2021. Whereas all the amendments in the finance Bill 2021 will come into force from the date of notification issued by the authority.
There were 62 students who attended the webinar and the feedback collected at the end suggested that another webinar like this should be organised.
The Department of Political Science, in collaboration with Catalyst Learning Services, organized a workshop on Emerging Career and Employment Opportunities in Social Sciences on May 17, 2023. The workshop was attended by students of Semesters IV and VI of the college. The event began with the Welcome Address by Amala Dhandhania, Associate Professor, Department of …
Great opportunities seldom come without us seeking them but such a rarity did become a reality when our College Dean, Prof. Dilip Shah decided upon allowing a seminar on ‘Goods and Services Tax’in our college on August 29, 2016. The event took place in the Concept Hall of the college open to all.
“Mergers are like marriages. They are the bringing together of two companies” – Simon Sinek On 28th February 2022, The Department of Commerce of The Bhawanipur Education Society College organised Merger & Amalgamation – The Game Changer – an Inter College case study competition. The colleges invited were Seth Anandram Jaipuria college, THK Jain College, …
On 23rd May 2023, The Bhawanipur Education Society College organized a workshop on ‘Exciting Careers in Communication’ in the Placement Hall of the college campus from 11 AM onwards. The speakers for the event were representatives of the Delhi School of Communication – Ms. Rupanjali Lahiri, Associate Director, DSC, and Mr Dharam Arora, MD, The …
BUDGET BRIEFINGS: Discussion on the Union Budget
The college organised a webinar “Budget Briefings: Discussion on the Union Budget”. The session was conducted by Sarvesh Mundra. He gave all the students brief impression on the budget. He highlighted certain points. In a year when the world was ravaged with the COVID19 pandemic.
Finance Minister gave health the attention it merited. Health allocation jumped 137% to Rs 2,23,846 crore in 2021-22 compared with Rs 94,452 crore in 2020-21. The Government provided Rs 35,000 crore for the Covid-19 vaccine, and promised to provide further funds, if required. While no changes have been proposed to the personal tax rates, the budget contains various relief measures and proposals to facilitate ease of compliance for the taxpayers. The budget also proposes taxing certain income such as interest accruing in relation to Provident Fund contributions exceeding specified limit, which are presently not subject to tax.
Mr. Vivek Bajaj, an alumnus of IIM and a chartered accountant, also a trader in capital markets. He picked up different sectors and the implication of the budget on those sectors. The Union Budget 2021 had a massive impact on the Indian markets on that day. The benchmark indices, which is Sensex and Nifty recorded the highest budget day gains in more than 2 decades. Nifty was up 4.74% to 14,281.2 and Sensex was up 5% to 48,600.61.
Prof. Mohit Agarwal, faculty of the college spoke about the tax proposals: The theme for the direct tax proposal was simplification of the tax administration, ease of compliance and reduction of litigation. The key aspects of the direct tax proposals impacting individual taxpayers are Extension of home loan interest tax break and Introduction of section 89A. Certain tax proposals include the Hon’ble Finance Minister Smt. Nirmala Sitharaman presented Finance Bill 2021 and accordingly some changes have been proposed in Indirect Tax Laws.
All the changes in the rate of tax has taken effect from the midnight of 1st of February 2021. Whereas all the amendments in the finance Bill 2021 will come into force from the date of notification issued by the authority.
There were 62 students who attended the webinar and the feedback collected at the end suggested that another webinar like this should be organised.
Covered by – Ankush Ghosh
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The Department of Political Science, in collaboration with Catalyst Learning Services, organized a workshop on Emerging Career and Employment Opportunities in Social Sciences on May 17, 2023. The workshop was attended by students of Semesters IV and VI of the college. The event began with the Welcome Address by Amala Dhandhania, Associate Professor, Department of …
Goods and Services Tax
Great opportunities seldom come without us seeking them but such a rarity did become a reality when our College Dean, Prof. Dilip Shah decided upon allowing a seminar on ‘Goods and Services Tax’in our college on August 29, 2016. The event took place in the Concept Hall of the college open to all.
Merger & Amalgamation – the Game Changer
“Mergers are like marriages. They are the bringing together of two companies” – Simon Sinek On 28th February 2022, The Department of Commerce of The Bhawanipur Education Society College organised Merger & Amalgamation – The Game Changer – an Inter College case study competition. The colleges invited were Seth Anandram Jaipuria college, THK Jain College, …
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On 23rd May 2023, The Bhawanipur Education Society College organized a workshop on ‘Exciting Careers in Communication’ in the Placement Hall of the college campus from 11 AM onwards. The speakers for the event were representatives of the Delhi School of Communication – Ms. Rupanjali Lahiri, Associate Director, DSC, and Mr Dharam Arora, MD, The …