Page 34 - IACC Newsletter March 2013 Issue no. 9

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Mr. Sanjeev Gulati, Sr. VP Finance of Infinite Computer Solutions India Private Limited and IACC Karnataka Branch
Committee Member introduced the speakers, Mr. Abhishek Goenka, Partner
and Ms. Jayashree Parthasarathy, Director
of BMR Advisors
.
Mr. Sanjeev Gulati, Sr. VP Finance of Infinite Computer Solutions India Private Limited introducing and welcoming the speakers
Mr. Abhishek Goenka, Partner of BMR Advisors delivering his speech
Through this session, IACC aimed to highlight on the Union Budget 2013. The event focused on Direct and Indirect Tax
proposals in Budget 2013-14 and the impact on the Economy. The speakers gave complete precision analysis and razor
sharp insights on the Union Budget 2013. An outlook on various sectors was provided through a study of the macro-
economic indicators and current developments in the country.
Mr. Abhishek Goenka started his session with the macro-economic challenges by mentioning the FM’s mool mantra:
‘Higher growth leading to inclusive and sustainable development’. He briefed the audience about the significant policy
announcements in regards to Capital market reforms, Energy sector reforms and Infrastructure sector reforms. Mr.
Abhishek threw some light on the direct tax and different tax rates. The main focus of Mr. Abhishek’s presentation was
on GAAR provisions. His presentation also included the key changes in GAAR provisions and its impact. Mr. Abhishek
clearly explained about the tax incentive proposals.