A seminar on Union Budget 2012 was organized by the Ludhiana branch of the Institute of Chartered Accountants of India (ICAI) at ICAI Bhawan near Pakhowal road.

Charted accountant (CA) Sanjay Aggarwal, central council member of ICAI; CA Girish Ahuja, eminent scholar, tax consultant and author from New Delhi were the keynote speakers for income tax and chartered accountancy. Ashok Batra from New Delhi, eminent CA and author of various books on taxation was the guest speaker for service tax.

The event started with a welcome address by the newly-elected branch chairman, Jasminder Singh, who shared perspective initiatives to be taken by the Ludhiana branch for the members and CA students.

CA Ashok Batra talked about the recent amendments in service tax. He said that the number of services were just two in 1994. He said that the new services introduced will go on increasing inflation in common services such as life insurance and cable TV.