New Delhi: Ficcis
29th All-India Conference of Corporate Managers and Tax
Executives will be held on 17-18 January at Federation House,
New Delhi. The two-day conference will discuss issues of
current importance in the field of taxation and corporate
laws. Besides the inaugural session, there will be
four symposiums to discuss issues concerning direct and
indirect taxation including corporate laws.
The first symposium will address issues pertaining to customs peak
tariff and anomalies in the duty structure. The second symposium
will discuss and debate on vital issues connected with the
value-added tax. The third symposium will concentrate on
issues related to corporate laws and will broadly focus on the
Competition Bill, 2001, and the Companies (Amendment) Bill,
2001. The main focus of the last symposium, which will
debate on issues connected with direct taxes, will be on the
structure of corporate and personal taxation.
Before the forthcoming Union Budget, FICCI believes this is a good
opportunity for corporates to raise the issues through this forum
so that the consensus reached in regard thereto could be brought
to the notice of the officials of the finance ministry well in
time.
The details of various symposiums.
Symposium on customs peak tariff and anomalies in duty
structure
- Discussion on customs
peak tariff
- Sectoral analysis
regarding anomalies in duty structure.
Symposium on value-added
tax
- VAT International
scenario
- Rates and classification
- Transaction in
inter-state trade
- Refund mechanism through
tradable instruments
- Refund of VAT on export
transactions
- Incentives already
granted to industrial investments
- Multiple levies.
Symposium on corporate
laws
- Competition Bill, 2001
Critical analysis on the need of the MRTP Act, 1969, and
the Competition Bill, 2001
- Analysis of the
various aspects of the Companies (Amendment) Bill, 2001.
Symposium on
simplification and rationalisation of direct tax laws and
procedures
- Structure of corporate
taxation Corporate tax rates, minimum alternative tax, tax
on distributed profits of domestic companies, research and
development, provisions pertaining to VRS and the infrastructure
sector
- Procedural
simplification Besides other procedural issues, the main
focus will be on provisions pertaining to search and seizure,
tax deducted at source, monetary limits prescribed under
various provisions of the Income Tax Act
- Co-relation between
private investment and capital formation Tax aspects
- Tax provisions
pertaining to charitable trusts and non-profit making
organisations.
The conference will be
inaugurated by Empowered Committee of State Finance Ministers
convenor Dr Ashim Dasgupta at 10.30 am. Senior government
representatives, corporate leaders, leading accounting firms,
eminent consultants, advocates and heads of taxation and corporate
laws of the corporate sector will address the conference.
Revenue secretary Dr S Narayan, department of company affairs
secretary V K Dhall, chairmen of Central board of excise and customs
and the Central board of direct taxes and senior officials of the
ministry of finance and the department of company affairs are also
expected to address the conference.
A wide participation of financial and tax experts, leading
chartered accountants, advocates, company secretaries, cost
accountants and academicians is expected.
|
