The Institute of Chartered Accountants of India in association with the Belagavi Branch of SIRC of the Institute of Chartered Accountants of India (ICAI) & KLS IMER, hosted the Two- Day National Seminar on "Decoding the Income Tax Act, 2025" at the KLS IMER campus today. The seminar aims to familiarize Chartered Accountants, tax professionals, academicians, industry representatives, and students with the significant reforms introduced under the newly enacted Income Tax Act, 2025.

The inaugural function was presided over by CA. Sanjeev Deshpande, Chairman, Belagavi Branch of SIRC of ICAI, who welcomed the delegates and emphasized the importance of continuous professional learning in the changing taxation landscape. He highlighted that the new Income Tax Act marks a major transformation in India's direct tax system and urged professionals to update their knowledge to ensure effective compliance and advisory services.

CA. Satish Mehta, Direct Tax Committee Member, Belagavi addressed the gathering and appreciated the initiative taken by the Belagavi Branch of SIRC in organizing the seminar at KLS IMER. He stated that such knowledge-sharing programmes enable professionals to understand the practical implications of the new legislation and prepare themselves for future challenges in taxation and financial compliance.

Dr. Arif Shaikh, Director, KLS IMER, who graced the occasion as the Guest of Honour, welcomed the distinguished speakers and participants to the institute.

CA Sachin Khadabadi, Vice-Chairman & CA Prasad Sholapurmath, Secretary of the Belagavi Branch of SIRC were also present on the occasion.

The technical sessions on the first day were conducted by eminent taxation experts from Bengaluru. CA. Siddesh Gaddi delivered two insightful sessions on "Overview of the Income Tax Act, 2025 and Capital Gains – Key Changes vis-à-vis the Income-tax Act, 1961" and "Clubbing, Aggregation of Income, Set-off and Carry Forward of Losses." He explained the structural changes in the new legislation, highlighted important amendments affecting taxpayers, and discussed the practical implications of the revised provisions with illustrative examples