The second in its series of Budget Talk will be organised by Business Line Club at Bharat Matha Institute of Management in Kochi on Saturday. Mr Babu Kallivayalil, Member of the Southern India Regional Council of Chartered Accountants, will be explaining the various nuances and intricacies of direct taxes on the Union Budget to the management students at the institute.
Taxation process is in the throes of a major transition with direct tax mobilisation efforts catching up with indirect taxes in the total volume of taxes collected in India.
DIRECT TAX IMPACT
The implications of direct taxes are becoming all the more intricate in the country's economic progress. Unlike earlier years, resource mobilisation efforts have been greatly aided by the surge in direct and indirect taxes in the country.
It is in the backdrop of surging growth rates evidenced in income tax mobilisation, corporate tax and services tax that Mr Kallivayalil will be addressing the students. He will be explaining the rationale of the taxation policies announced by the Union Finance Minister, Mr P. Chidambaram.
