The Vanijya Mela organised by PG Dept. of Commerce
and Management concluded on 30th April, 2022. This four day Mela
begin on 27th April, 2022. This program on the eve of 75 year of
India‘s Independence- Azadi ka Amrit Mahotasav initiative of Govt. of India.
This outreach initiative aimed at providing solution to the common masses and
educating them about Income Tax Return Filing, various Deductions under Sec.
80, Investment avenues under Mutual Fund and Systematic Investment Plan (SIP).
On the first day of the program a complete insight
was provided by the subject experts on Income Tax and Investment Avenues. The
target audiences were the shopkeepers, traders, business-man and parents. Mrs.
Priya Mahajan Asst. Prof. of Commerce gives details about filing of ITR’s , due
date(s) of filing of return, consequences of delay in filing, types of ITR’s
and their relevance. Miss Palak Alang Asst. Prof. in Commerce explained about
various investment avenues related to Mutual funds.
On the day two of the MELA the target audience were
academicians from different streams viz Arts, humanities, Social Sciences,
Mathematics, Pure sciences, performing Arts, I.T, Physical Education, and Dept.
of Education. Prof. Alka Sharma Head Dept. of Commerce in inaugural address
gives a vivid explanation about the reason of conducting the program as an
outreach initiative under NAAC. Mrs. Priya Mahajan elaborated on the topic of
E-filling of ITRs and Income Tax Deductions under Sec. 80, concept of
assessment year and previous year. Difference between old tax regime and new
tax regime, TDS Forms, Form 26 AS and Slab Rates applicable in the current
assessment year. Miss Palak Alang explained the risk and return trade off in
investment plans and Mutual Funds. Queries were handled with regard to hybrid
schemes, SIP, Risk related to Mutual Funds and benefits available under the
said schemes.
The third day of the investor awareness program was
organised for the members of Non-Teaching staff and the members of the class
fourth employees of the institution. Mrs. Priya Mahajan elaborated on Slab
Rates applicable in current year, Housing Loan Schemes, Public Provident Fund,
Sukanya Smridhi Yojna and other investment schemes. Miss Palak Alang elaborated
an investment in mutual fund and gave a gist of SIP and its multiple effects.
The session was interactive and multiple queries of audiences were answered
satisfactorily by the experts. The day four of the program were dedicated for
the Students. A workshop was organised for the students on Income Tax and
E-filing where students were provided practical knowledge about filing of
Income Tax Return by logging on to the income tax portal. The report of all the
previous days was also read out by Mrs. Shikha Puri dean, Commerce Club on the
day four. The program was on the lines of CSR initiative of the business and
NAAC’s vision of the outreaching to the masses, the academia reaching out to
the common people” proved to be a fruitful exercise. The Vanijya Mela got
encouraging response from the people outside the institution. They were enthusiastic
to know that this Mela is going to the regular feature of the department.