Report on One day Workshop

“Tax Tech: A Practical Aspect of Taxation with Tax Software”

23rd November 2024 (Saturday) 11:00 A.M. onwards

Organized by: Maharishi School of Business Management, Lucknow Campus

 

Objective of the Session: To equip students with the aspects of taxation, tax software ability to automate calculations and generate accurate tax returns.

Participating Students: MBA, BBA M. Com and B.Com students.

No of participants: Targeted participants 100+ Students (Commerce and Management)

Maharishi School of Business Management in collaboration with IQAC organized a special lecture on "Tax Tech: A Practical Aspect of Taxation with Tax Software" on 23^rd  November 2024, at TM Hall, MUIT, Lucknow Campus.

The speaker for the day was Mrs. Kusum Yadav, CA/ Assistant Professor, MVDC, Lucknow with over 10 years of experience in Accounting and Finance.

The lecture commenced with the lamp lighting and felicitation of the guest speaker by the dignitaries including Dr. Sandhya Sinha (Dean, MSOBM). The event was anchored by the Convener Dr. Babita Dubey, Assistant Professor, MSOBM. A short welcome speech was given to greet the guest and encourage the students to participate in the lecture actively.

The speaker, Mrs. Kusum Yadav delivered an engaging presentation, exploring the concepts of                 Taxation with Technology and its applications. The lecture on "Tax Tech: A Practical Aspect of Taxation with Tax Software" provided valuable insights into the evolving landscape of taxation and the role of technology in simplifying and streamlining tax processes. The session began with a comprehensive overview of traditional tax practices, highlighting the challenges associated with manual calculations, paper-based records, and time-consuming compliance procedures. It then delved into the transformative potential of tax software, emphasizing its ability to automate calculations, generate accurate tax returns, and minimize errors.

The lecture also touched upon the importance of staying updated with the latest tax laws and regulations. The speaker highlighted the role of tax software in ensuring compliance and avoiding penalties.

 

The lecture concluded with an interactive Q&A session, which helped the students in understanding the effectiveness of taxation with technology and implementing them in their personal and professional purposes. At the end a vote of thanks was given by the Dean, Dr Sandhya Sinha, Associate Professor, Maharishi School of Business Management.

We extend our gratitude to Hon’ble Vice Chancellor Prof. (Dr.) Bhanu Pratap Singh, Registrar Dr. Girish Chhimwal, Dean, Dr. Sandhya Sinha, MSOBM, Sr. AO Dr. Rajesh Singh, Convener Dr. Babita Dubey, and Deputy Dean MSOBM / Co- convener Dr. Pawan Kumar Verma and all the faculty members of MSOBM for their support and encouragement for the lecture.

In conclusion, the lecture underscored the significance of embracing tax technology to improve efficiency, accuracy, and compliance in the field of taxation. By leveraging the power of tax software, individuals and businesses can navigate the complexities of the tax system with greater ease and confidence.