Friends,

The Union Budget has been announced and there are many changes in Tax laws. In this issue we had tried to cover the changes as stated in the Finance Bill-2023. The Article covers the changes and the impact of the changes in the Direct Tax Laws and the Indirect Tax Laws.

AIFTP is continuously organizing programme throughout India and we had celebrated the Republic Day on 26th January, 2023 in all Zones. The National Flag was hoisted in all the Zones and at many places. The National President was at Hyderabad where fantastic programme was organized by AIFTP South Zone along with the Telangana Tax Practitioners Associations. The National Flag was also hoisted at head office at Mumbai wherein Sh. Rajesh Mehta, Secretary General was present and Flag was hoisted by the Senior most Past President Mr. P.C. Joshi. In other Zones also the Flag was hoisted. In addition there was functions organized by AIFTP South Zone at Cochin also.

The National Tax Conference and NEC Meeting was organized at Sterling Resorts, Puri. It was attended by over 250 persons and was organized in a grand and lavish manner. The arrangements and hospitality was superb. The Conference Chairman Mr. Bibekananda Mohanti deserve all the credit for this wonderful NEC and NTC. The Team lead by AIFTP East Zone by Mr. Vivek Agarwal and Mr. Pradosh Patnaik and other team Members worked hard for the success of this grand event.

It is also a proud moment for all of us that Hon’ble Mr. Justice Rajesh Bindal has been elevated as Judge of the Hon’ble Supreme Court of India. We all at AIFTP are proud of him as he has been the Member of AIFTP and always coming to the programme of AIFTP regularly. AIFTP is organizing a felicitation function on 17th Feb., 2023 at New Delhi to felicitate Hon’ble Mr. Justice Rajesh Bindal on his elevation to the Hon’ble Supreme Court of India.

Many programmes are being organized by all the Zones of AIFTP. The complete information is available on the website of the AIFTP. In the month of March we are having the National Tax Conference and NEC at Lucknow in North Zone on 18th – 19th

March, 2023. Thereafter on 29th – 30th April we are having National Tax Conference and NEC at Kevdiya in West Zone. In addition to it one day seminars on 25th Feb., 2023 is being organized at Varanasi by the North Zone and at Puducherry by South Zone. We are also having a residential refresher course on 31st March and 1st & 2nd April at Shimla being organized by West Zone. One day seminar at Chindwara is organized with other Associations on 3rd March, 2023 by Central Zone. In the month of February Income Tax Certification Course has been announced by Central Zone on webinar covering the latest topics in Income Tax and starting from 20th February, 2023. Many other programmes in between are being organized. I will request all the members of AIFTP to join the programmes regularly.

The directory of the Team 2023 has been finalized and was formally inaugurated at the National Tax Conference at Puri. The complete Directory has been uploaded on the website of AIFTP. I am also pleased to inform that the website of AIFTP i.e. aiftponline. org has been revamped and the new website will be seen very shortly. The efforts are that it become more interactive and the latest programmes of AIFTP with photos are reflected on it.

The sub Committees formed for 2023 are having their meetings on zoom and new and constructive suggestions are received from the Members participating in the meetings.

We look forward to active participation of the Members and also request Members to update their data on the website using the online facility. Individual mail are also being sent to Members to upload their data. In case Members are having suggestions then the same may kindly be informed by sending mail at [email protected] or WhatsApp to the undersigned.

Wishing you all a very happy and colourful Holi.

Regards,

Pankaj Ghiya

National President, 2023