Interactive Seminar on Technical Analysis of Finance Bill, 2025 jointly organized by GCCI and Ahmedabad Branch of WIRC of ICAI

Ahmedabad, Gujarat, Feb 03, GUJARAT CHAMBER OF COMMERCE & INDUSTRY (GCCI) jointly with Ahmedabad Branch of WIRC of ICAI organized an Interactive Seminar on Technical Analysis of Finance Bill, 2025 at Sardar Patel Rashtriya Smarak, Ahmedabad.
According to GCCI Addl. Secretary General, Rahul Sheth, Sandeep Engineer, President, GCCI warmly welcomed CA. (Dr.) Girish Ahuja, a distinguished expert, along with CA. Sunil Sanghvi, Chairman, Ahmedabad Branch of WIRC of ICAI, CA. Sunit Shah, Secretary, Ahmedabad Branch of WIRC of ICAI; CA. (Dr.) Jainik Vakil, Chairman, Direct Tax Taskforce; CA. Purushottam Khandelwal, Central Council Member of ICAI; and Shri Sudhanshu Mehta, Hon. Treasurer, GCCI. In his speech, he highlighted the Finance Bill’s significant implications across various sectors nationwide, especially amid global economic challenges.
Shri Sandeep Engineer emphasized that the session aimed to provide a detailed examination of its provisions, encouraging active participation and the exchange of ideas among attendees to deepen their understanding of the budget’s impact. Additionally, he stressed the seminar’s goal of fostering collaboration for the advancement of industries and the broader economy.
Speaking on the occasion, Chairman, Ahmedabad Branch of WIRC of ICAI, CA. Sunil Sanghvi provided a brief introduction of the distinguished speaker, CA. (Dr.) Girish Ahuja, a renowned authority on taxation matters. He commended the efforts of both organizations in organizing the seminar, emphasizing its significance in facilitating a comprehensive understanding of the Finance Bill, 2025.
CA. (Dr.) Girish Ahuja delivered an insightful presentation on the Finance Bill, 2025, clearly outlining key direct tax amendments and administrative changes with his usual expertise. He addressed several complex issues, including the implications of regulatory frameworks governing charitable trusts and mergers. He also highlighted the enhancement of the income tax threshold to benefit taxpayers and explained the relief provisions for filing modified returns for up to four years. In addition, he discussed the increased thresholds for Tax Deducted at Source (TDS) and Tax Collected at Source (TCS), along with clarifications regarding loss carry-forward. According to the new provisions under sections 72A and 72AA, losses can now only be carried forward for the balance period. Furthermore, Dr. Ahuja explained that senior citizens are now allowed to withdraw from the National Savings Scheme without tax liability. His comprehensive insights provided attendees with a thorough understanding of the implications of these proposed changes in the Finance Bill, 2025.The interactive Question and Answer session further enhanced participants’ understanding of the nuances of the Finance Bill, 2025.
The seminar concluded with the vote of thanks proposed by CA Purushottam Khandelwal, Central Council Member of ICAI.