ICAI Kuwait Chapter hosts CPE seminar on union budget 2026
. . . highlights tax reforms and market outlook
The Institute of Chartered Accountants of India Kuwait Chapter (ICAIKC) organized a Continuing Professional Education (CPE) seminar titled “Union Budget 2026 – Navigating Growth, Taxation and Capital Markets in a Global Economy” on February 16, 2026, at the Crowne Plaza Kuwait. The event brought together members of the accounting fraternity for an in-depth review of the latest budget announcements and their economic implications.
The session commenced with opening remarks by Chairperson Rohit Agarwal, who emphasized the importance of continuous professional learning and staying updated on global fiscal and regulatory developments. The technical program featured two expert-led sessions. The first was delivered by Chandra Sekhar Akula, senior Chartered Accountant and Founding Partner of SARC & Associates.
His presentation examined the structural framework of the Union Budget 2026, highlighting major tax proposals, regulatory developments, and their implications for businesses and professionals. Drawing on more than three decades of experience in assurance, governance, risk management, and regulatory advisory, he provided both practical insights and a broader macroeconomic perspective.
Key highlights of the session included the rationalization of Tax Deduction and Collection Account Number (TAN) requirements for non-resident Indians, an amnesty scheme for disclosure of foreign assets, proposed regulatory changes affecting Persons Resident Outside India (PROIs), tax incentives aimed at encouraging reverse brain drain through foreign income tax holidays, and reduced Tax Collected at Source (TCS) rates on foreign remittances.
The second session was led by Sandeep Kumar Jain, market expert and co-founder of Tradeswift, who discussed the budget’s anticipated impact on capital markets, investments, and various asset classes. His presentation analyzed the evolution of Indian capital markets, reviewed global market performance during 2025, and outlined investment opportunities and challenges emerging from recent policy measures.
Both sessions encouraged active engagement, with participants contributing to discussions and raising practical queries. The event attracted more than 120 Chartered Accountants and distinguished guests, reflecting strong professional interest in the subject.
The speakers were honored by Chairperson Rohit Agarwal and Vice Chairperson CA Venkata Raman in recognition of their valuable contributions. The program was hosted by CA Nisha Jalan, while the vote of thanks was delivered by CA Joseph Peter, who acknowledged the efforts of the speakers, organizing committee, venue management, and attendees.
The seminar reaffirmed ICAIKC’s commitment to strengthening professional competence and ensuring its members remain informed about key economic, fiscal, and policy developments shaping the global business environment.
