Globsyn Business School (GBS) has time and again organized seminars on different important topics for its students to keep them up to date with the latest happenings in the business world. After the successful discussion on ‘Budget 2009’ where Mr. Pallav Gupta (GM – Taxation, ITC) raised many issues on the proposed tax structure, the ‘Knowledge Cell’ of the school thought it would be great if an expert comes and discusses these issues at length with the students to give them a better understanding about the nitty-gritty of it. In this regard they invited Prof. Amitabha Chatterjee (HOD - Dept. of Economics) of the Presidency College was invited for an interactive session with the GBS students.
Prof. Chatterjee an erudite scholar started the session by explaining the rationale behind the need to have an income tax along with the other kind taxes like excise duty, service tax, sales tax etc. in the first place and what are the effects of so many taxes on a common man from an economic point of view. Then he went on to explain the different kinds of taxes present in India and their structure in a way which is easily understood by the students coming from different background.
At the end of the session there was a highly interactive Q&A session where the students cleared their doubts. Prof. Bhattacharya was extremely happy after interacting with the GBS students and hoped to come back again to address them.
Prof. Chatterjee an erudite scholar started the session by explaining the rationale behind the need to have an income tax along with the other kind taxes like excise duty, service tax, sales tax etc. in the first place and what are the effects of so many taxes on a common man from an economic point of view. Then he went on to explain the different kinds of taxes present in India and their structure in a way which is easily understood by the students coming from different background.
At the end of the session there was a highly interactive Q&A session where the students cleared their doubts. Prof. Bhattacharya was extremely happy after interacting with the GBS students and hoped to come back again to address them.
