The Institute of Chartered Accountants of India (ICAI) recently held a significant discussion in New Delhi focusing on the Union Budget 2024-2025. The event brought together ICAI professionals and experts from the Central Board of Direct Taxes (CBDT) to analyse the budget's provisions and potential impacts. Key figures from both organisations, including the Chairman of CBDT and the President of ICAI, highlighted the importance of collaboration and the role of Chartered Accountants in tax administration, financial reporting, and emerging areas like environmental sustainability and data analytics.
The Direct Tax Committee of the Institute of Chartered Accountants of India (ICAI) organized a special discussion on the Union Budget 2024-2025 at the Siri Fort Auditorium in New Delhi. This significant event was organized to understand the nuances of the Union Budget 2024-2025, directly from CBDT e
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FAQ :
The main purpose was to understand the nuances of the Union Budget 2024-2025 directly from CBDT experts and to provide a platform for professionals to gain valuable insights.
The event was attended by Shri Ravi Agrawal, Chairman of the CBDT, Shri Raman Chopra, Joint Secretary (TPL – I) at CBDT, and Shri Pankaj Jindal, Joint Secretary (TPL – II) at CBDT.
The Chairman of CBDT stated that many proposals forwarded by ICAI have been incorporated into the budget, reflecting a shared goal of improving tax administration.
The ICAI President described the budget as growth-oriented, women-centric, and youth-focused, addressing employment, skilling, MSMEs, and the middle class.
Emerging areas highlighted include environmental sustainability and data analytics, with the integration of AI also noted as a significant transformation.
The event was organised by the Direct Tax Committee along with the Taxation Audits Quality Review Board and hosted by the Northern India Regional Council of ICAI.