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Master class tutors SMEs in filing tax returns

The Goa Management Association (GMA) hosted a Master Class conducted by Rohan Bhandare, chartered accountant, on the topic, How to file Income Tax Returns for Small and Medium Enterprises.

The class covered relevant provisions, amendments of the Income Tax Act. It focused on e-filing techniques. An expert in tax matters Bhandare, pointed out, “The government is very pro-active. The new Finance Act has new slabs where a person has to file IT return, like consumption of electricity or foreign travel, as per the earmarked threshold. It is important for SMEs to understand the various aspects of the Income Tax Act and compliance structure.”

 Over 50 representatives of local SMEs participated in the class. Harshvardhan Bhatkuly, chairman, GMA, said, “In Rohan, we have a young and studious CA. He has been a resource person for GMA when he had discussed the state budget at a panel discussion, two years ago. At GMA we wish to engage with the industry by focusing on various management related issues.”

Amin Ladak, vice chairman, GMA proposed the vote of thanks.

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