‘Direct Taxation At A Glance’ on 24-07-2023 by B.Com(A & F)

The Fintech Club of S. A. College of Arts & Science organised a session ‘Direct Taxation At A Glance’ on 24th July 2023, from 9:00 a.m to 10 a.m. The session was hosted by Ms. Harsha Rajeev and Mr. Nijanthan of the II of B.Com. Accounting and Finance. The session was graced by the presence of our Resource Person, Mr. M. Veerabhagu, an Income Tax Officer. The session started with the Tamil Thai Vazhthu followed by the lamp lighting ceremony. The lamp was lit by our Chief Guest Mr. Veerabhagu, followed by our HoD and our faculty members. The welcome address was delivered by Mr. Mokesh of the II B.Com. A&F. Our Chief Guest was facilitated by the HoD of the A&F department. The chief guest was then introduced by Ms. Sreemathi of II B.Com. A&F. The stage was then handed over to the Chief Guest.

Mr. Veerabhagu started his speech by tracing the history of taxation in India. He explained the advent of Income Tax in 1860 and about the Income Tax Act of 1961. He explained briefly about the basic of charge, and levy of the Income Tax which is covered under Sec 4 of the act. He further explained the concept of gross, net and total income and also the aspects avoidance and tax evasion. He winded up the session by explaining some basic definitions like – person, Income and receipts. The students were indeed held captive as he shared many real time information in a very clear manner. The session then came to an end with the Vote of Thanks, Ms. Barani of II B.Com. A&F.