bcasnewsletter r10 · 2017. 10. 17. · nirbhaya case. four and a half years later, the “nirbhaya...

1MAY 2017

7, Jolly Bhavan #2, New Marine Lines, Mumbai - 400020. Tel : + 91 22 613 77 600 ; F : + 91 22 613 77 666 ; Email : [email protected] ; Website : www.bcasonline.org

Vice-President’s Communiqué

Harnessing Talent and Providing Quality Service A Monthly Newsletter of the Bombay Chartered Accountants’ Society

BCASNewsletterFor Members only. For Private Circulation only. Price: R10

(Continued on page 2)

President: Chetan Shah 98202 23402 | [email protected]

Vice-President: Narayan R. Pasari 98200 38095 | [email protected]

Hon. Jt. Secretary: Sunil B. Gabhawalla 98213 23921 | [email protected]

Hon. Jt. Secretary: Suhas Paranjpe98690 74643 | [email protected]

Hon. Treasurer: Manish P. Sampat 98200 10064 | [email protected]

Vol. 20 n No. 02 n MAY 2017

LECTURE MEETINGS

Speaker: CA. Bhadresh Doshi and CA. Akshata Kapadia Kothari Subject: Filing of Income Tax Return for AY 2017-18.Venue: K.C. College Auditorium, Dinshaw Wachha Road, Churchgate, Mumbai - 400 020.

Day, Date & Time: Tuesday, 6th June 2017 at 6.15 p.m.

Speaker: Advocate Udayan Choksi Subject: Goods and Services Tax – Transition provisions Venue: BCAS Hall, Jolly Bhavan 2, New Marine Lines, Mumbai 400 020.Day, Date & Time: Wednesday, 17th May 2017 at 6.15 p.m.

*(Fellowship over a cup of tea at 5.45 p.m)

Lecture Meetings……................................................…….......................... . . ..17.05.2017, 06.06.2017.............................................................................................................................................................. 0 1 Full Day Seminar on Income Computation and Disclosure Standards (ICDS) ............................................................................... .....19.05.2017..................................................Navinbhai Thakkar Auditorium, Vile Parle (East), Mumbai.......................... 03Full Day Seminar on TDS....................................................................................... ....20.05.2017..................................................Walchand Hirachand Hall, IMC.......................................................................... 03Half day Seminar on Digital Transformation and GST – Opportunities and Challenges in ERP environment...............................26.05.2017.................................................BCAS Hall, Jolly Bhavan 2, New Marine Lines, Mumbai............... . . . . ....... 04GST Training Program For Trade, Industry & Profession ....................29.05.2017, 30.05.2017, 31.05.2017........BCAS Hall, Jolly Bhavan 2, New Marine Lines, Mumbai........................... 05Tarang 2K17 - 10th Jal Erach Dastur CA Students Annual Day..............03.06.2017...........................................................Navinbhai Thakker Auditorium, Mumbai............................................................... 06Accounting And Auditing Clinic ......................................................................... ....03.06.2017...........................................................BCAS Library, Jolly Bhavan 2, New Marine Lines, Mumbai................... . 07 Residential Study Course on GST.............................................................................09.06.2017, 10.06.2017, 11.06.2017.........J. W. Marriott, Pune.............................................................................................................. 08International Tax & Finance Conference, 2017.........................10.08.2017, 11.08.2017, 12.08.2017, 13.08.2017.......Conrad Hotel, Pune ............................................................................................................. 1 0

PROGRAMMES AT A GLANCE DATE VENUE PAGE NO.

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My Dear Members,

The Modi Government last week promulgated an Ordinance to amend the Banking Regulation Act, empowering the Reserve Bank of India (RBI) to unilaterally direct banks to resolve bad loan problems. Besides RBI can also initiate bankruptcy proceedings against chronic defaulters by effective use of the Insolvency & Bankruptcy Code. Earlier the Union Cabinet had approved the said Ordinance allowing the RBI to deal with these loans on a case-to-case basis as opposed to following a set of broad guidelines and rules for all non-performing assets (NPAs). The RBI may specify one or more authorities or committees to advise banking companies on a resolution of stressed assets. This Ordinance is an important first step as these mechanisms are functional and can produce results if flaws are ironed out.

India’s banks have been beset with huge amount of NPAs and at the end of December 31, 2016, it is estimated to have crossed ̀ 7 lakh crore. The Government has also collated details on bad loans worth nearly `50,000 crore that need immediate action against wilful defaulters. These wilful defaulters have not repaid bank loans despite having the capacity to do so and have diverted funds for other purposes. Wilful defaults are the worst kind of bad loans that empowers banks to get after the promoters and directors by even naming and shaming them through public notices and advertisements for not paying up. FM Jaitley also mentioned that if some of the largest stressed assets are resolved, it will create space for banks to step up lending.

The new Ordinance may also thus empower banks to force lingering corporate loan defaulters to forego ownership and voting rights in their companies, allowing lenders to induct new management leadership mandated to turnaround these entities within a specified time frame. Hopefully the RBI will now ensure that the wilful defaulters are taken to task and do not go scot free.

The BCAS Referencer 2017-18 with the theme “INDIAN RAAGAS” was released on 28th April 2017 at the hands of Padma Shri Pandit Satish Vyas, a world known Santoor Maestro. Before the release function

BCAS was also fortunate enough, though for a small while, to hear Panditji play the instrument which mesmerised the audience. This year’s Referencer has been compiled by the youth members of BCAS duly guided by the senior compilers. The Study Circle Meeting on “Management Lessons from Ramayana” by CA. C. N. Vaze was well attended. Even today Ramayana is playing a significant role in shaping the mindset and the culture of not only Indians, but also of many scholars world over. Ramayana deals with management of personal life, spiritual life; and also the management of any activity of an organisation.

The Society has organised twin seminars on Practical Issues in Income Computation and Disclosure Standards (ICDS) and Tax Deduction at Source on 19th and 20th May respectively. The Indirect Tax Residential Study Course this year focussed on the new GST Law and being held in June received excellent response and we had to close the enrolments fast. However the Society has ensured to confirm maximum participants. The preparations of the Jal Erach Dastur CA Students Annual Day event “Tarang 2K17” which is in its 10th Edition is in full swing. "Tarang -Tarasho Apne Talent Ke Rang" will be held on 3rd June 2017, an event where about 500 CA students showcase their talents in various extracurricular activities. This

2 MAY 2017

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year the theme for “Tarang” is “Digital India” and opportunities of transformation of lives which it offers. I request members to enrol their students for this much-awaited event.

In keeping with public sentiment, the Supreme Court upheld the death sentence against the four men who were involved in the Nirbhaya case in December 2012. A ‘barbaric crime’ that has ‘shaken the conscience of the nation’ said one of three judges hearing the condemned men’s appeal. The crime thus met the ‘rarest of rare’ standard that merits capital punishment. Indeed, no other reported incident has evoked the kind of public reaction than the one we know as the Nirbhaya case.

Four and a half years later, the “Nirbhaya case” remains a touchstone of almost mythical proportion. No single crime has resulted in as much law making and law amending as this one. The citizen-led nationwide protest following the rape, resulted in the setting up of a judicial commission headed by a retired Supreme Court judge and, eventually, an amended law that is much tougher. While capital punishment to the four men condemned to the gallows might bring some measure of closure to the family of the victim, it is unlikely that it will make a dent to India’s shameful statistics on such violence. “Certain attitudinal change and change in the mindset is needed to respect women and to ensure gender justice,” observed the Supreme Court judgment. Bringing that about will take more than the length of a hangman’s rope.

Starting this month, in a symbolically powerful assertion of the principle and ideal of democratic equality, the Government of India has banned the use of red beacon lights (Lal Batti ) on cars used by VIPs. PM Modi himself declared that every Indian is a VIP. Now, no one other than the enforcement agencies and ambulances, which do need to travel faster than citizens, can use flashing lights to clear the way.

The move is belated but wholly welcome in a country where the VIP beacon had become a status symbol, a decoration for politicians and administrators. By marking them apart from common people, it conferred power out of proportion with their standing. The sight of motorcades bright with red beacons, shouldering aside the common herd on the roads, put the message across with profound force. Indeed, the red beacon perpetuated, in democratic India, the segregation of the ruler and the ruled, which was a hallmark of

colonial power. The red beacon is a distant descendant of the same colonial policy, and has no place in a democracy.

If an equal society is India’s declared objective, politicians and administrators should travel like ordinary people. Several small privileges will have to be stripped to bring equity to a deeply classist society. Terrorism had provided the excuse for gifting VIPs with massive security details, whose size and armaments had become expressions of personal status and power, rather like expensive jewellery. It took a public outcry for that aberration to be rationalised. Now, the abolition of car beacons takes us another step closer to egalitarianism. And yet, a long road lies ahead.

It is said that motivational speakers fail to create a long-lasting impact because research has shown that a month later people can only retain about 2% of the message they hear. Having an audience high on energy for a few days may not be a good return on investment in terms of the time that you pull them out of work for, and the money you spend in motivating them.

Words don’t last but memories of your experiences, especially the ones about victory, fun and pleasure last forever. Imagine having your audience engaged into such moments of inspiration and achievement, creating greater confidence towards delivering results out of their inner drive and passion that they can use and direct in their daily work-a-day life.

When you allow your team a real time challenge that creates a lasting impression of success and understand experientially the process of creating it - you have a team of transformed and ignited participants. They will hold these life changing experiences and what it means to them close to their hearts, guiding them through the challenges time after time, long after the motivational words are forgotten.

I will be happy to receive your feedback and suggestions on [email protected]

With Best Regards,

CA. Narayan Pasari

BOTH THE CLINICS WILL BE HELD IN THE LIBRARY OF THE SOCIETY

Advisory Panel : Hema D. SampatClinic Co-ordinator: Mrs. Madhuri Haware – 61377613

Advisory Panel : Dr. Gautam N. Shah and CA. Tushar K. DoctorClinic Co-ordinator: Mrs. Madhuri Haware – 61377613

Foundation operates a Right to Information (RTI) Clinic on a regular basis. The Clinic provides help and guidance to BCAS members as also to non-members, i.e., all citizens, for making applications under the RTI Act and also assists in resolving any related difficulties on the subject of RTI. The RTI Clinic operates on Saturdays from 11 am to 1 pm. The next RTI Clinic days accordingly are 20th, 27th May 2017 and 3rd, 10th,17th and 24th June 2017. Please call to obtain a prior appointment.

The next Charitable Trust Clinic will be held on 2nd June 2017 from 5 pm to 7 pm.

Chartered Accountants and Trustees interested in having their queries solved are requested to send their queries by email to [email protected] and call to obtain a prior appointment, latest by noon on the day of the clinic. Querists are also advised to bring along relevant papers like trust deeds, audited accounts, etc.

RIGHT TO INFORMATION CLINIC

CHARITABLE TRUST CLINIC

3MAY 2017

THE TAXATION COMMITTEE OF BCAS IS PLEASED TO ANNOUNCE TWO FULL DAY SEMINARS:SEMINAR ON ICDS

FRIDAY, 19TH MAY, 2017 AT NAVINBHAI THAKKAR AUDITORIUM, VILE PARLE (EAST)

PROGRAM SCHEDULE

SEMINAR ON TDSSATURDAY, 20TH MAY, 2017 AT WALCHAND HIRACHAND HALL, IMC

PROGRAM SCHEDULE

FULL DAY SEMINARS ON INCOME COMPUTATION AND DISCLOSURE STANDARDS (ICDS) & TDS

From To Session Speaker9:00 AM 9:30 AM Registration & Breakfast

9:30 AM 10:30 AM ICDS I & X CA.Vishesh Sangoi

10:40 AM 12:00 PM ICDS III & VII CA. Paresh Vakharia

12:00 PM 1:00 PM ICDS IV & IX Adv. Vinita Krishnan

1:00 PM 1:45 PM Lunch Break

1:45 PM 3:10 PM ICDS VI & VIII CA. Kushal Jain

3:10 PM 3:25 PM Tea Break

3:25 PM 4:30 PM Departmental views Pawan Kumar, CIT*

4:30 PM 5:35 PM ICDS II & V CA. Nihar Jambusaria

From To Session Speaker9:15 AM 9:45 AM Registration & Breakfast

9:45 AM 11:15 AM Sections 194C, 194DA, 194EE, 194F and 194J CA. Saroj Maniar

11:15 AM 11:30 AM Tea Break

11:30 AM 12:50 PM Sections 195, 206AA, Rules 37BB & 37C Adv.Ritu Shaktawat

12:50 PM 1:30 PM Lunch Break

1:30 PM 2:55 PM Sections 192, 194H, 194LB, 194LBA, 194LBB, 194LBC CA. Anita Basrur

2:55 PM 4:15 PM Sections 194A, 194I, 194IA, 194IB, 194IC & Recent case laws on TDS CA. Nitin Shingala

4:15 PM 4:30 PM Tea Break

4:30 PM 5:55 PM E-filing of TDS statements, Sections 200A, 201 & 205 CA. Avinash Rawani

Topic Enrolment fees for members (including Service Tax)

Enrolment fees for non-members (including Service Tax)

Income Computation and Disclosure Standards (ICDS)

`2,013 `2,300

Practical Issues in TDS `1,725 `2,013

*The enrolment fees include ` 50 towards contribution to BCAS Foundation.

FEES FOR THE SEMINARS*

* Subject to Confirmation

TAXATION COMMITTEEChairman : CA. Ameet Patel

Convenors: CA. Anil Doshi, CA. Hardik Mehta, CA. Pooja Punjabi

4 MAY 2017

Dear Member,

Digital Transformation with ERP

We stand on the brink of a technological revolution that will fundamentally alter the way we live, work and relate to one another. In its scale, scope and complexity, the transformation will be unlike anything humankind has experienced before. It’s an era of technical awakening.

Digital transformation involves managing data on a cloud, Social Media, Networking, Mobility, Analytics to deliver real time financial reporting, with inbuilt Algorithms to enable executives to make nimble decisions and quickly guide them to informed responses in unexpected situations and also to anticipate the future, it’s also about future of enterprise application strategy and process innovation, rethinking employee engagement, it's no longer just about procuring one solution and deploying one. It’s not one simple software solution anymore.

GST – Goods & Services Tax – Opportunities and Challenges in ERP environment

The Mega Tax Reform, It’s an opportunity and a compliance requirement. An opportunity for companies to realign their supply chain which was earlier decided based on Inter-state tax laws and it's also about all companies gearing up to meet the compliance requirements of the Mega Tax reform.

From an IT perspective it's about the GSTN, ASP, GSP and rewiring your ERP systems to ensure capturing of relevant data fields. The changeover to GST presents a huge opportunity for all the members (in practice as well as in the industry), ie assisting in: impact assessment, configuring IT systems, accounting, compliance, etc.

We will discuss these concepts and understand how companies are enabling adoption of technology for GST compliance, supply chain management and process innovation.

HALF DAY SEMINAR ON DIGITAL TRANSFORMATION AND GST – OPPORTUNITIES AND CHALLENGES IN ERP ENVIRONMENT

HUMAN DEVELOPMENT & TECHNOLOGY INITIATIVES COMMITTEE Chairman: CA. Nitin Shingala, Co-Chairman: CA. Mihir sheth

Convenors: CA. Mukesh Trivedi, CA. K. K. Jhunjhunwala, CA. Nikunj Shah,

Jointly with

INDIRECT TAXATION COMMITTEE Chairman: CA. Govind Goyal, Co-Chairman: CA. Deepak Shah

Convenors: CA. Mandar Telang, CA. Samir Kapadia, CA. Saurabh ShahProgramme Co-ordinator: CA. Kinjal Shah

Day & Date Friday, 26th May 2017Time 2: 00 PM to 7: 00 PM

Venue BCAS Hall, Jolly Bhavan No. 2, New Marine Lines, Mumbai 400020

Fees ` 750/- if enrolled up to 26th May and ` 1,000/- for spot registration.(Inclusive of service tax, course materials, refreshments & Contribution of `30/- towards BCAS Foundation)

Sr No. Topic Speakers

1. Digital Transformation and GST - Opportunities and Challenges in ERP

environment

Mr. Richard D’Souza(Vice President & Head Business Solutions-Corporate IT Mahindra & Mahindra Group )

2. Mr. Rakesh Pawaskar(General Manager Business Solutions - Corporate IT

Mahindra & Mahindra Group)

5MAY 2017

GST TRAINING PROGRAMFOR TRADE, INDUSTRY & PROFESSION

INTENSIVE GST TRAINING PROGRAM UNDER THE TRADE OUTREACH INITIATIVE OF THE GOVERNMENT OF INDIA

Dear Member,

The nation is at the brink of a landmark indirect tax reform. The path is now clear towards the implementation of GST from 1st July 2017. To create awareness amongst people and to prepare trade and industry and business community to embrace GST, the Government has formulated a trade outreach initiative whereby certain institutions and their faculties are specifically trained by the Government officers and certified as Approved Training Partners (ATPs).

BCAS is proud to be one of the leading Approved Training Partners (ATPs) certified by NACEN (National Academy of Customs, Excise and Narcotics). We have 10 certified trainers on board to impart this training. This is a unique opportunity to learn and understand the basic concepts of GST directly from experts. The entire program is designed under the guidelines by NACEN and successful participants will be provided with a certificate of participation.

The details of the first batch of GST Training Program are as follows:

Day & Dates Monday 29th , Tuesday 30th and Wednesday 31st May 2017

Time 10.00 a.m. to 6.00 p.m. on all the days

Fees `5,175/- (`4,500/- + Service Tax `675/-) per Participant (Inclusive of Course Material, Lunch & Tea/Coffee)

Venue BCAS Hall, Jolly Bhavan No. 2, New Marine Lines, Mumbai 400020

Trade Associations and members thereof are requested to take benefit of such a unique opportunity to initiate an in-depth understanding of law and procedure of GST through such a specialised program on GST. You may wish to nominate members from your trade association and also circulate this announcement amongst your members for wider participation. Please send your registration (with requisite amount of fees) to the office of Bombay Chartered Accountants’ Society, Jolly Bhavan No.2, New Marine Lines, Mumbai 400020. Tel: 61377600.

For further information, if any, you may contact Mr. Javed, [email protected] – Direct no. 61377607.

Bombay Chartered Accountants' Society NATIONAL ACADEMY OF CUSTOMS,EXCISE AND NARCOTICS

The nation is at the brink of a landmark indirect tax reform. The path is now clear for the introduction of GST with effect from 1st July, 2017. In more ways than one, the dual GST Regime being implemented in India is unique. State level registrations and taxability of interstate branch transfers are unique concepts for service providers. The extent of automation expected over the GST Network has no precedent in the world. Indeed, we are moving towards exciting times.

The new regime provides a wide array of opportunities to chartered accountants. It is time to sharpen the axe. As we start the process of migration and implementation of GST, professionals would face many questions in their minds. In order to provide guidance to such professionals, BCAS has started the GST Clinic whereby a panel of two experts solve the queries faced by members. The Clinic functions every Saturday at the BCAS Library from 11 a.m. to 1 p.m.

Participation in the Clinic is free. However, it is important that the member sends the query in advance latest by Thursday evening to [email protected] and call to obtain prior appointment, at least a day before the clinic date. It may be noted that only members who have queries will be permitted to attend the GST Clinic.

Panel member/s address those issues and provide the querists verbal opinion, which assists them in understanding the new law. No email / written opinion will be given. Personal presence is compulsory.

We invite all our members to take benefit of this initiative.

Clinic Co-ordinator: Mrs. Madhuri Haware – 61377613

GST CLINIC

New initiative by BCAS

6 MAY 2017

7MAY 2017

ACCOUNTING AND AUDITING CLINIC Companies Act, 2013 has cast onerous responsibilities on the Management to comply with all the applicable accounting standards as well as various disclosures. The Statutory Auditors of companies also must state in their report compliance to Accounting as well as Auditing Standards. There are many more reporting requirements under CARO, 2016 which should also be complied.

Considering the wide gamut of reporting requirements, many a times small and medium sized companies as well as small and medium sized auditing firms find it difficult to address the issues which may arise while finalising audited financial statements.

BCAS whose majority members represent small and medium sized firms catering to mid-size corporates, has been operating Accounting and Auditing Clinic, wherein issues relating to accounting standards, auditing standards, reporting requirements as well as Companies Act compliance are put forth by the members before eminent and experienced panel.

Panel member/s address those issues and provide the querists verbal opinion, which assists them in improving quality of reporting and avoid any non-compliance.

BCAS has decided to revitalise this Clinic and make it more vibrant by creating awareness and gradually take this Clinic to different parts of Mumbai/Thane to serve professionals/corporates in much timely manner.

We highlight the types of issues which can be brought before the Clinic:

Do you have any queries with regards to implementation of Accounting Standards?

Do you need clarifications on IndAS implementation?

Do you need guidance in handling issues relating to accounting aspects w.r.t. various industries?

Are you facing issues in auditing aspects?

The Panellists consists of the following:

CA. Sanjeev R. Pandit

CA. Himanshu V. Kishnadwala

CA. Jayesh M. Gandhi

This Facility is available only to members. The Clinic is open on 1st Saturday of every month from 4 pm to 5 pm. Next month the clinic is open on 3rd June 2017. If you are interested in having your queries pertaining to accounting and auditing issues resolved, you are requested to send the queries by email to [email protected] one week in advance and call to obtain prior appointment, at least a day before the clinic date. Please note that the panel will not answer any queries pertaining to tax issues. No email / written opinion will be given. Personal presence is compulsory.

Clinic Co-ordinator: Mrs. Madhuri Haware – 61377613

BOMBAY CHARTERED ACCOUNTANTS’ SOCIETY - STAFF CONTACT DETAILSSr. No

Name Role Email ID Direct Line

1 Ms. Mamta VarmaMember Relations Executive

Membership, Imprest, Publications and Online Payments

[email protected] 61377616

2 Mr. Manoj Lokhande, Front Desk Executive Enrollments and Collections [email protected] 61377629

3 Mr. Prakash Palsamkar, Front Desk Executive Enrollments and Collections [email protected] 61377629

4 Mr. Javed Siddique, Events Manager Co-ordinator for Lecture meetings, Seminars, Workshops & Residential Courses


5 Mr. Bilal Ansari, Asst. Event Manager Co-ordinator for Lecture meetings, Seminars, Workshops & Residential Courses


6 Ms. Reema Pawar, Events Executive Co-ordinator for meetings and study circles at BCAS office


7 Mr. V. K. Sharma, Knowledge Manager Journal & Newsletter Production [email protected] 61377619

8 Ms. Madhuri Haware, Asst. Knowledge Manager

Journal & Newsletter Production [email protected] 61377613

9 Ms. Rathi Nair, Secretary to President Executive Assistant [email protected] 61377612

10 Mr. Upendra Hisaria, Office Manager General Office Administration [email protected] 61377611

8 MAY 2017

RESIDENTIAL STUDY COURSE ON GST

The Indirect Taxation Committee of BCAS is pleased to announce the 11th Residential Study Course on Indirect Taxes, fully devoted to ‘Goods and Services Tax’ (GST). The details are as follows:-

Subjects & Paper Writers:

INDIRECT TAXATION COMMITTEE Chairman: CA. Govind Goyal Co-Chairman: CA. Deepak Shah

Convenors: CA. Samir Kapadia, CA. Mandar Telang and CA. Saurabh Shah

Days & Dates Friday 9th June to Sunday 11th June 2017Venue J. W. Marriott, PuneFees ` 11,200/- + `1,680 (ST) = `12,880/- per member

Papers for Discussion

Certain Important Aspects of GST(Such as ‘Supply’, ‘Time of Supply’, ‘Taxable Person’ ‘Liability to pay Tax’, ‘Reverse Charge’, ‘Job Work’, Goods v/s Service, etc.)

CA. S. S. Gupta

Case Studies on Place of Supply and IGST(Including Cross Border Transactions)

CA. A. R. KrishnanCA. Parind MehtaK. Vaitheeswaran (Advocate)

Issues concerning Transition from present laws on Indirect Taxes to GST

K. Vaitheeswaran (Advocate)

Papers for Presentation

Documentation and Data Mining under GST (With Reference to Filing of Returns and Data Matching)

CA. Sunil Gabhawalla

Classification, Valuation and Input Tax Credit – Some Issues CA. Parind Mehta

Address of the Venue:

J. W. Marriott Hotel, Senapati Bapat Road, Pune – 411053. Tel: 91-20-66833333

Notes:

1. The Residential Study Course is open only for Ordinary and Life Members of BCAS.

2. Enrolment started from Monday, 3rd April 2017, and will be restricted to 225 members only, on first-come-first-served basis.

3. The Course will begin on Friday 9th June 2017 with Lunch, and will conclude on Sunday 11th June 2017 after lunch. Delegates can check-in at the hotel from 1 pm onwards on 9th June 2017.

4. All participants will be accommodated in earmarked rooms on twin sharing basis. The participants are requested, therefore, to indicate in the enrolment form your preference of room partner, if any.

5. The Enrolment Fees is inclusive of lodging, boarding, course material and ` 50/- being contribution towards BCAS Foundation. The participants shall make their own arrangements for travel to and fro Pune.

6. Pune is well connected with all major cities, in India, through the network of various airlines as well as by railways. And the venue is in the midst of city about 12 km from Pune Airport and about 6 km from Pune Railway Station.

7. Refunds & Substitution: Once enrolled, requests for refunds will not be entertained. However, the Committee, at its discretion, may permit substitution in specific circumstances, provided such request for substitution is received well before the commencement of RSC and the member to be substituted is an eligible member of BCAS.

8. Members from Pune, Pimpri & Chinchwad can join as non-resident participant (only those members whose address is so registered with BCAS). The fees (inclusive of course material, dinner on 9th & 10th June and lunch on 10th & 11th June) shall be ̀ 8,200/- plus service tax `1,230/- (Total ` 9,430/-) per member.

9. For further enquiry, if any, you may kindly contact Mr. Bilal Ansari at BCAS. ( Direct line: 61377604, e-mail: [email protected] )

HOUSEFULL

9MAY 2017

10 MAY 2017

The International Taxation Committee is pleased to announce its 21st Residential International Tax & Finance Conference at Conrad Hotel, Pune.

The deliberations at the Conference on the subjects of International Taxation and Finance would be at an advanced level.About the Venue: Located in the heart of Pune's dynamic central business district, Conrad Pune is an iconic structure and Hilton company's first and only Conrad Class luxury hotel in India.

The conference details are as under: Days & Dates: Thursday, 10th August 2017 to Sunday, 13th August 2017Venue: Conrad Hotel, Pune

INTERNATIONAL TAX & FINANCE CONFERENCE, 2017

Sr. No. Topics Faculty

For Group Discussion:

1 General Anti Avoidance Rules – An analysis CA. Vishal Gada

2 Case Studies on International Taxation (including POEM) CA. Pranav Sayta

3 Permanent Establishment & Attribution of Profits – Issues & Recent Developments CA. H. Padamchand Khincha

For Panel Discussion:

1 Multilateral Instrument – Impact on India Panelists: Mr. Rahul Navin, CA. Shefali Goradia & CA. T. P. Ostwal

2 Transfer Pricing – Current Issues Chairman: CA. T. P. OstwalPanelists: CA. Anish Chakravarty, CA. Rahul Mitra & CA. Sanjay Tolia

For Presentation:

1 GST on Cross Border Transactions CA. Sachin Menon

Date Early-bird rate up to 31st May 2017 From 1st June 2017

Fees ` 17,000 + ` 2,550 (S. Tax)= ` 19,550/- ` 18,500 +`2,775 (S. Tax)= ` 21,275/-

Fees:

Members opting for Single Occupancy:

` 30,000/- + ` 4,500 (S. Tax)= ` 34,500 per person

Members opting for Non-residential Conference (Open only for Local Pune Residents):

` 13,000/- + ` 1,950 (S. Tax)= ` 14,950 per person

The above fees include course material, stay on twin-sharing basis, meals and ̀ 50/- contribution to the BCAS Foundation but exclude travel arrangements.

Travel Distance from/to Airport/Railway Station:

Hotel Conrad is about 3 km from Pune Station; 9 km from Pune Airport & 168 km from Mumbai Airport.

Eligibility:

The Conference is open only for those who are Ordinary/Life/Corporate Members of BCAS at the time of enrolment and not for Journal Subscribers and Website Members of BCAS.

Notes:

● Enrolment will commence from 10th May 2017 and will be restricted to 200 members of BCAS only on first-come-first-served basis. Some seats are reserved for outstation delegates.

● The Conference will begin in the afternoon on Thursday, 10th August 2017 with Lunch and will conclude at around 2.00 p.m. after Lunch on Sunday, 13th August 2017. The Hotel’s check-in time is 1.00 pm onwards on Thursday, 10th August, 2017.

● All communication from BCAS would be only by e-mail and SMS. Hence, please fill in the e-mail address and mobile number carefully and in legible writing.

● Cheques/Demand Draft should be drawn in favour of “Bombay Chartered Accountants’ Society” payable at par at Mumbai.● For enrolment and any other Conference related issues, please contact Mr. Javed in BCAS Office.

11MAY 2017

INTERNATIONAL TAXATION COMMITTEE

Chairman: CA. Gautam S. NayakCo-Chairman: CA. Mayur B. Nayak

Convenors: CA. Deepak N. Kanabar, CA. Gaurang V. Gandhi, CA. Rutvik R. SanghviCo-ordinators: CA. Rutvik R. Sanghvi, CA. Shreyas N. Shah

BOMBAY CHARTERED ACCOUNTANTS’ SOCIETY INTERNATIONAL TAX & FINANCE CONFERENCE, 2017ENROLMENT FORM

Note:

1. Please use block letters and fill complete details. A form with incomplete details will not be accepted. Preferably, type out the form.

2. Photograph is must for issue of Photo ID card for the Conference.

3. Please enclose photocopy of Proof of ID PAN / Driving License / Voter ID / Passport and carry the original of the same ID with you to facilitate speedier check-in at the Hotel.

4. Outstation members should pay by NEFT/Online/Demand Draft/Cheques ‘at par’ only payable at Mumbai.

5. The Cheque/ DD will be in the name of “Bombay Chartered Accountants’ Society”. Your participation will be confirmed only after the realization of payment at BCAS, for which a receipt will be provided for your reference.

6. Enrolment is open only to Ordinary, Life members and Corporate Members of BCAS and not to Journal and Website members of BCAS.

*Kindly fill in mobile number & email address carefully and legibly to enable proper and prompt communication.

I understand and acknowledge that:

• IntheeventofmyinabilitytoattendtheConferenceforanyreason,IwillpromptlyinformtheCommitteeandwillnotsubstituteany other person to attend the Conference in my place. I understand that the Committee reserves the right not to admit any person to the Conference in the event I substitute him/her in my place.

• Iwillnotchangetheroomallottedtomewithouttheconsentoftheorganisers.

• ClaimforrefundwillnotbeentertainedandthattheCommittee’sdecisioninthisrespectshallbefinal.

_____________________

Signature

BCAS Membership No.Name (Mr. /Ms.)AgeFirm/Company NameMailing addressTel.(O)(R)(F)(Mobile)*Email*Choice of Food Jain

Non-Jain Choice of Room partnerProof of ID(Kindly include a copy/scan of ID proof with enrolment form)

PAN Driving License Voter ID Passport Aadhar Card

I would like to lead the group discussion for the paper (please tick any one onl)

Permanent Establishment & Attribution of Profits – Issues & Recent Developments

General Anti Avoidance Rules – An analysis

Case Studies on International Taxation (including POEM)

Payment Details:Demand Draft/Cheque No. DatedDrawn on BankRs.Rupees in words

12 MAY 2017

USE OF BCAS HALL BY MEMBERS FOR EDUCATIONAL PURPOSES

It is the objective of the Society to disseminate knowledge in the fields of Chartered Accountancy. The managing committee has decided to make BCAS Hall available to members for their in-house staff training at a nominal cost. The Hall is well equipped with screen, projector and audio systems. We believe that this will be an added membership benefit and will enable members, especially the start-ups, small and medium practices to arrange staff training at BCAS premises.

The Application cum Undertaking form for the said use is given below and soft copy may be downloaded from the BCAS Website.

We hope that you will use this additional feature of your BCAS membership.

BOMBAY CHARTERED ACCOUNTANTS’ SOCIETY7, Jolly Bhavan No. 2, Ground Floor, New Marine Lines, Mumbai- 400020

Application cum Undertaking Form

FOR USE OF BCAS HALL

The Office Manager,

Bombay Chartered Accountants’ Society, Mumbai- 400020.

Topic:____________________________________________________________________________________________________________________________________ Brief Description of the Event: ____________________________________________________________________________________________________ Time Slot Preference: [Subject to availability]

I wish to organise a training event in the field of Chartered Accountancy for my organisation as detailed below:

I am enclosing the hire charges& deposit towards the same. Details as follow:

I have read, understood the terms and conditions on the next page and agree to abide by them.

Signature of Member

Date: ……../………/……………

BCAS Membership No:

Name (Mr. /Ms.)

Email id:

Mobile No:

Name of the Organisation

Day Date Time Seating Style(Theatre/Classroom)

Expected Gathering

............................................Nos.

Time Slot Timings Tick1st Slot – Half Day 9.00 am to 1.00 pm

2nd Slot – Half Day 1:30 pm to 5:30 pm

Full Day 9:00 am to 5:30 pm

Details By Cash/ Cheque No. Dated Bank Name Amount

HIRE CHARGES

DEPOSIT (Refundable)

For office use

Receipt no: …………......................................................................................................……………… Date: ……….................................Amt.`...…….……………Towards DepositReceipt no: ……………………......................................................................................................…… Date: ……….........................……. Amt. `.……………….....Towards Hire charges

Date: ………… Prepared by Verified by

13MAY 2017

Terms and Conditions

1. BCAS Hall can be used for educational purpose in the field of Chartered Accountancy by a Member only and in accordance with the policy of the Society and for no other purposes either directly or indirectly or for commercial purpose.

2. The hall usage is made available by the BCAS to facilitate education of its members in the field of chartered accountancy at nominal cost/charge. The current charges are as under, till any revision:

a. Above rates are subject to service tax / GST as applicable.

b. Hall can be booked only 45 days prior to the date of educational event subject to availability except Sundays and BCAS Holidays.

c. Combined capacity of the hall is about 90 people in theatre style seating and 50 people in classroom style.

d. Refund of security deposit will be after 10 working days from the date of the event.

3. Any member wishing to make reservation for use of the BCAS Hall for the purpose stated in point 1 above should pay such charges and deposit 100% in advance.

4. Extension of time will strictly be subject to availability and there being no booking for next session and solely at the discretion of BCAS. Extension beyond 8.00 pm will not be permitted. ` 1,500 will be levied for every additional hour or a part thereof.

5. The Society reserves the right to accept or reject any application.

6. In case of cancellation of booking by members, a letter in writing duly signed by the member has to be received, 25% of the Hall charges will be deducted, in such case and balance will be refunded in 15 working days. In case of cancellation of booking by BCAS office, the entire amount will be refunded.

7. It is not permitted to stick any papers, balloons, pictures etc. on the wall, ceiling or curtains. In case of any damage caused to the property of the Society, the BCAS will have the right to recover compensation for such damages or disfiguration out of the refundable deposit.

8. The vehicle/s of the visitor/s to the BCAS Hall will not be permitted to be parked in the Jolly Bhavan Society premises. The use of the Hall is solely at the risk of the member and BCAS does not undertake any obligation for any loss or damage to the member or other persons attending such event. Members are advised to take care of their valuable and belongings at all times, and BCAS shall not be responsible for any loss thereof

9. Facilities

Facilities included in booking charges.

Full Hall Over Head Projector – Fixed

Screen – Fixed Podium with Microphone

Tea / Coffee (Once per slot) Tables

Chairs

Facilities not included

Food & Other Beverages Handouts, photo-copy, folders, stationery

Computers and Laptops.

Strictly, no cooking / heating is permitted inside the BCAS premises. Only packed food can be served.

10. This application should be submitted to - The Office Manager, BCAS, Jolly Bhavan 2, New Marine Lines, Churchgate, Mumbai 400 020. Contact: 022-61377611.

TIME Slot Amount * 1st Slot 2nd Slot

Half Day ` 7,500 9.00 am to 1.00 pm 1.30 pm to 5.30 pm

Full Day ` 15,000 9.00 am to 5.30 pm

Deposit ` 10,000

By Order

BCAS

14 MAY 2017

BCAS ON THE WEB

As you are aware that at present, our various events, circulars & representations etc. are available for your reference on our website.

Similarly Videos, Photos, Announcements etc. related to Past/Forthcoming Events & Monthly updates in respect of President’s/

Vice-President’s Message are also uploaded on BCAS Social Media. You can view all the BCAS Updates through the following links

created for the purpose.

•BCAS Website: BCAS website is an online knowledge portal for disseminating knowledge, developing skills & enlightening on the current developments through our series of events, lecture Meetings etc.

1 Online services: Members can make online payments for various services like membership fee, events enrolment, publications, renewal fee, subscription fee etc.

2 Forthcoming Events: The Forthcoming Events give the awareness about the upcoming events such as study circles, lecture meetings, seminars, workshops, camps etc.

3 Thought Mailers: Thought mailers are the independent views expressed by the Authors on the Social, Educational & Professional aspects etc.

4 RTI: Right to Information (RTI) is a voluntary initiative by BCAS Foundation to help in filing the RTI petition.

5 Annual Reports: The Annual Reports include Annual Financial Statements, Details of Managing Committee, BCAS Publications, Thought Mailer Contributors, Events Videos and Auditors Reports etc. since Financial Year 2009-2010.

6 Referencer: Referencer is the compilation of various topics on Accounting & Finance, Acts & Regulations and Circulars etc. compiled by experts in the respective fields.

7 E-Book: E-Book is a softcopy of the publications uploaded on the Website. BCAS has launched 2 e books on a flip book version which can be viewed on IOS and android phones also free of cost.

8 Publications: It contains the list of BCAS as well as other publications.

9 Newsletters: The Newsletter is a monthly circulation to BCAS Members containing the Vice-President’s communique & various programs of the Society.

10 Circulars: These are the circular issued by ICAI/RBI/Government of India/Government of Maharashtra etc.

11 Representations: Representations are the part of the escalations/grievances/suggestions etc. on the Circulars/Notifications issued on Tax & Finance matters etc.

12 NEFT Details: NEFT details are meant for online money transfer for Membership Fees, Journal Subscription, WebTV Subscription, Events Registration, Publications etc.

13 Enrolment Forms: Enrolments forms are required for the purpose of registration under Events/Membership/Other Subscriptions/BCAS Hall etc.

14 Careers: This is the placement portal for organisations for their manpower requirements

15 Seminar & Course Materials: This link contains the presentations & study/course material on different events held by BCAS.

16 News & updates: News & Updates are the source of latest information & updates on BCAS Activities.

•E-Journal: Monthly E-Journal (bcajonline.org) is the reflection of hard copy of the Journal printed & dispatched to the Members & Journal Subscribers on Monthly basis.

• Social Media

1. Facebook: All the Forthcoming/Past events Photos & Announcements are posted here.

2. Twitter: The monthly updates including President’s & Vice-President’s message are updated here.

3. YouTube: Past Lecture Meetings’ videos are posted here.

4. LinkedIn: President’s & Vice-President’s message are updated here on monthly basis. You can join the various LinkedIn groups for your independent views.

Make use of the above links on our website to get latest updates.

15MAY 2017

BCAS LIBRARYState of the art –Library with latest publications on relevant topics on the profession

Dear Member,Are you aware that your Society has refurbished its library?Are you aware that with your membership you can avail the facility of using this library?If you did not know, now is the time to make the most of it………….

BCAS library in its new avatar is fully operational with best of the ambience, technology and facilities. The state of the art library has an air-conditioned lobby, study room and dedicated work stations for use by its members with print facility at a nominal cost. The library is equipped with a repository of more than 2000 books written by eminent authors. These books include the widely sought after BCAS publications and other publications published by publishers like Taxmann, Snowwhite, Wolters Kluwer (CCH), Bharat Law House etc. The collection is a wide spectrum, ranging from topics of professional interest like Direct Taxes, Indirect Taxation, Transfer Pricing, International Taxation, Service Tax, Company Laws, Labour Laws, Accounting & Auditing, Management Books, Tribunals and Supreme Court Judgements and BCA Journals etc. In addition to the books, online facilities for direct tax and indirect tax judgements are also available.

Members must visit the Newly Renovated BCAS office at Jolly Bhavan and avail this facility at their convenience from 10 a.m. to 5 p.m. on all working days.

BCAS is contemplating to purchase online Transfer Pricing software which can facilitate the member in searching suitable comparables and preparing TP study report. Please drop an email on [email protected] in case you want to avail this facility.

For any inquiries, contact us at 022-61377619 or at E-Mail : [email protected]

16 MAY 2017

17MAY 2017

BCAS MEMBERS VISIT TO TATA HOSPITAL ON AUSPICES OF BCAS FOUNDATION

BCAS Foundation was set up understanding the need for members to channelize their philanthropic efforts. It is a matter of great satisfaction that our members have contributed generously for the various projects taken up by the Foundation. Our various committees and in particular HD & TI committee & MPR committee has been a great source of support for the Foundation activities.

In pursuance of our ongoing activity - NEEDY CHILD PROJECT (CANCER AFFLICTED), a new initiative was taken by the BCAS Foundation to explore how it can help cancer afflicted needy children. Under the leadership of Trustee Shri Pradeepbhai Shah, members from HD&TI Committee- CA. Mayur Nayak, CA. Nitin Shingala and CA. Mihir Sheth and their spouses, visited Paediatric Oncology Department (known as ImPaCCT) which stands for “Improving Paediatric Cancer Care and Treatment” at Tata Memorial Hospital on 20th December 2016. The group was briefed on the activities, patients’ profile, and type of medical treatment offered and ever increasing financial need of the department against the funds available.

The group was briefed by Ms. Shalini Jatia who is a Secretary to the ImPaCCT Foundation and is more than a full-time volunteer in the department providing rock solid support since past many years. During her interaction with the Group, she brought out some heart-wrenching facts which are enunciated below;

4. Average expenditure of treatment per child is `3 lakh. If treated rightly, there is 80% chance of saving a life of child at early stage of disease.

5. Almost 80% of children come from the families whose income levels cannot support treatment and disruption that follows.

6. This despondency results in refusal or abandonment of treatment thereby losing a chance to save life of young life.7. Sadly, the probability of abandonment is much higher in case of a girl child.She opined that there can be possibility of redeeming the situation with more awareness amongst conscientious individuals. This can be done by their active financial help and committed time involvement howsoever little it may be to start with.

Extremely impressed by the work being done and moved by the fate of the young hopefuls, BCAS Foundation has offered financial help on regular basis from its members and promised to enrol its members’ families by arranging periodic visits so that they can be inspired to find ways on time commitment and financial help.

Tata Memorial Hospital is situated in Parel, Mumbai, India. It was established by the Sir Dorabji Trust in 1941 and soon evolved as a centre of excellence in cancer treatment and research. In 1957, it was taken over by the Ministry of Health of Government of India. The administrative control of the hospital is with the Department of Atomic Energy.

It is today recognized as a premier Cancer Hospital with path breaking research activities and efficiency in giving quality treatment to large number of patients at reasonable and low cost. At any given time, there are about 1000 patients in the OPD and about 60000 patients annually visit the hospital.

The paediatric general ward situated in the Annexe building has about 44 admitted children. They are mostly from rural India and very poor.

The hospital felt a need to have their own foundation to monitor donations to their patients as there were some rogue elements collecting money that never reached the patients or genuine payments that could not reach the patients on time. With this in mind, ImpaCCT (Improving Paediatric Cancer Care and Treatment) was established in the year 2010 by Tata hospital.

BCAS Foundation through ImpaCCT has decided to volunteer in giving donations for treatment of paediatric patients of Tata Memorial Hospital.

BCAS Foundation invites generous help by way of donations for the purpose. Those willing to actively associate may please contact BCAS office at 022-61377602 or write to us at [email protected].

NEFT details: BCAS Foundation; Axis Bank Ltd., New Marine Lines, Mumbai; Savings Account No: 233010100189835; IFS Code: UTIB0000233; Swift Code: AXISINBB173

For further information you may visit-http://impacctfoundation.com/

1. Number of Cancer afflicted children coming to Tata Memorial Hospital is growing alarmingly.

2. Against current capacity, the demand is multiple times resulting in overload on capacity and resources.

3. Maximum load is in Mumbai and it has become a social problem because entire family’s life gets disrupted when they have to travel to Mumbai for treatment. Their lodging, boarding, travelling, means of livelihood and treatment cost becomes a major challenge for the family.

18 MAY 2017

19MAY 201717DECEMBER 2016

104 BOMBAY CHARTERED ACCOUNTANT JOURNAL JULY 2016

516 (2016) 48-A BCAJ

MEMBERSHIP FEES FOR FY-2017-18Amount in `

One time YearlyLife Membership 10000*Life Membership with Journal 10000* 1200Journal Subscription 1200

Ordinary Membership Fees(including Journal Subscription)

ICAI Member on or after01-04-2013

ICAI Member prior to

01-04-2013Amount in `

Entrance Fees 500* 1000*Annual Fees 1500* 1500*

Student Membership Fees Amount in `1 year 2 years 3 years

Fees include e-journal, Study Circle & discount on selected events.(Fees are inclusive of service tax) 500 800 1000

Corporate Membership Fees Amount in ` Entrance Fees 5000*3 years membership fees for nominating 2 associate Members 10000*

Additional associate member for 3 years 6000*

Entrance Fees is not payable in case of Renewal*denotes subject to service tax at rates applicable from time to time.

For enquiries you may please contact BCAS office at:-

91-22-61377602 or write to us at [email protected]

For enquiries you may please contact BCAS office at:-

91-22-61377600 or write to us at [email protected]

Get benefit of reaching out to 10000+ subscribersacross the country

ADVERTISE IN BCAS JOURNAL

Cover (Multicolor) Fourth cover ` 30,000/-Third cover ` 25,000/-Second cover ` 25,000/-Inside Pages:Full (Multicolor) ` 17,500/-Full (B & W) ` 8,000/-Half (B & W) ` 5,000/-Quarter (B & W) ` 3,750/-

ADVERTISEMENT RATES:- 5% Discount for 6 insertions

10% discount for12 insertions

20 MAY 2017

PUBLICATION PUBLICATION NAME DISCIPLINE WHO CAN BENEFIT AUTHORS MEMBER PRICE

PAYMENTS TO NON-RESIDENTS – A Guide On ReportingTax Deduction At Source Under Section 195(Reprint)

Golden Jubilee Residential Refresher Course Nostalgia

BCAS Referencer 2017-18

Seminar on Estate Planning, Wills & Family Settlement – Critical Aspects PEN DRIVE

e-PublicationUnion Budget 2017 - An analysis by BCASEnglish

e-PublicationUnion Budget 2017 - An analysis by BCASGujrati

e-Publication Rules of Interpretation of Tax Statutes

Tax Deduction At Source Under Section 195

A Collection of memories

Accounting & Auditing, Direct Taxes, Indirect Taxes, Company Law & Other Laws

Allied Laws

Analysis on Budget

Analysis on Budget

Law

MRP ` 150/-

For Postage Charges` 35/-

MRP ` 450/-


Price ` 700/-

Postage - `200/-

MRP ` 1000/-


Free e-Publication

Free e-Publication

Free e-Publication

Chartered Accountants, Legal Professionals, Trade & Industry Professionals

Anyone

A handy compilation of all laws for every professional

Every individual whether a professional, or an entrepreneur or a housewife or student .., Libraries, Universities, Colleges, Institutions / Associations / Forums / Societies / Councils / Bodies of professionals / individuals guiding / capable of guiding people, ….




Various Compilers

Speakers CA. Dileep Choksi Dr. Anup P. Shah Mr. Mahesh Shah

– Solicitor CA. Yogesh Thar

Contributors

Contributors

Advocate N. M. Ranka

CA. N. C. Hegde, CA. Mallika Apte and CA. Risha Gandhi

BOMBAY CHARTERED ACCOUNTANTS' SOCIETYPUBLICATIONS AT BCAS

21MAY 2017

PUBLICATION PUBLICATION NAME DISCIPLINE WHO CAN BENEFIT AUTHORS MEMBER PRICE

e-Publication The Direct Tax Dispute Resolution Scheme 2016 – An Analysis

Internal Audit- Practical Case Studies

Non-Banking Financial Companies – A Treatise

Partnership Firms Registration Procedure and Frequently Faced Issues with Registrar of Firms

GITA For Professionals in English

Study Material of 6th Residential Study Course on IFRS/Ind AS

on a PEN DRIVE

Direct Taxation Free e-Publication

Internal Audit

NBFC Regulations

Indian Partnership Act, 1932

Inspirational

Accounting & Auditing


Chartered Accountants, Legal Professionals, Trade& Industry Professionals


Tax Payers, Chartered Accountants in Practice, Legal Professionals, Compliance Professionals, Students, Accountants, Libraries, Universities, Colleges and other institutions

Chartered Accountants, Legal Professionals, Students and Citizens at large.

Chartered Accountants in Practice, Financial Controllers, Compliance Professionals, Students, Management Professionals, Business Consultants, Businessmen, Accountants, Libraries, Universities, Colleges, etc.

MRP - ` 400/-


MRP ` 500/-


MRP ` 75/-


CA. Uday Sathaye

MRP ` 75/-


MRP ` 2000/


CA. Bhavesh Vora

CA. Zubin Billimoria

CA. Hardik Chokshi

CA. Gautam Shah

CA. Heneel Patel

CA. Chetan Dalal

Speakers

CA. Rakesh Agarwal CA. Ramesh Lakshman CA. Sanjay A. Chauhan CA. Zubin Billimoria

BOMBAY CHARTERED ACCOUNTANTS' SOCIETYPUBLICATIONS AT BCAS

CA. Deepjee Singhal

CA. Manish Pipalia

CA. Saroj Maniar

22 MAY 2017

23MAY 2017

FROM RBIContributed by : Gaurang V. Gandhi

The Reserve Bank of India has issued the following 3 Circulars

A. P. (DIR Series) Circular No. 44 dated April 13, 2017

Exim Bank's Government of India supported Line of Credit of USD 31.29 million to the Government of the Republic of Nicaragua

Exim Bank has made available, subject to certain terms and conditions, to the Government of the Republic of Nicaragua, a Line of Credit of US $ 31.29 million for financing transmission lines and substations project in the Republic of Nicaragua. Eligible goods and services of the value of at least 75% of the contract price must be supplied by the sellers from India, while the remaining 25% of the goods and services can be procured by the sellers from outside India.

The terminal utilization period for the credit is 60 months after the scheduled completion date of the project.

A. P. (DIR Series) Circular No. 45 dated April 27, 2017

Exim Bank's Government of India supported Line of Credit of USD 52.30 million to the Government of the Republic of Mauritius

Exim Bank has made available, subject to certain terms and conditions, to the Government of the Republic of Mauritius, a Line of Credit of US $ 52.30 mill ion for financing Project Trident in the Republic of Mauritius. Eligible goods and services of the value of at least 75% of the contract price must be supplied by the sellers from India, while the remaining 25% of the goods and services can be procured by the sellers from outside India.


A. P. (DIR Series) Circular No. 46 dated May 04, 2017

Exim Bank's Government of India supported Line of Credit of USD 4 million to the Government of Co-operative Republic of Guyana

Exim Bank has made available, subject to certain terms and conditions, to the Government of the Co-operative Republic of Guyana, a Line of Credit of US $ 4 million for financing procurement of high capacity fixed and mobile drainage pumps and associated structures in the Co-operative Republic of Guyana. Eligible goods and services of the value of at least 75% of the contract price must be supplied by the sellers from India, while the remaining 25% of the goods and services can be procured by the sellers from outside India.


24 MAY 2017

Registered with the Registrar of Newspapers for India under R.N. 68365/98 Regd. No. MCS/093/2015-17Posted at Mumbai Patrika Channel Sorting Office, Mumbai-1Published on 15th of every month • Posted on 15th & 16th of every month

Edited, printed & published by Anil Sathe on behalf of Bombay Chartered Accountants’ Society, Mumbai-400020. Printed at Spenta Multimedia Pvt. Ltd., Mumbai-400013.

• Please fill in the above form and send the same to the Society’s office along with requisite payment. • Please mention your name and membership number on the reverse side of the local cheque/at par

cheque/Demand Draft. • The Cheque/DD will be in the name of “Bombay Chartered Accountants’ Society”. Your participation will be confirmed only after the realization of payment at BCAS, for which a

receipt will be provided for your reference. • Kindly note that the cash counter timings are from 10.30 am to 5.30 pm on Monday to Friday and 10.30 am to 1 pm on Saturday. The lunch time is 1.30 pm to

2 pm Members are requested to co-operate in this regard. • Cancellation policy: Kindly note that no refund will be given in case of cancellation for any reason and no substitute will be allowed.

Name : ...............................................................................................................................................................................................................................

Address : ...........................................................................................................................................................................................................................

E-mail : ............................................................................................................. Mobile : ..................................................................................................

Age : .................................................................................................................Gender : ..........................................................................................(M/F)

BCAS Memb. No. : .......................................................................... Tel. (O) : .................................... Tel. (R) : ......................... Fax : .............................

Name of Company/ Firm ..................................................................................................................................................................................................

Choice of food (wherever applicable) ............................................................................Jain ..................Veg ....................Non Veg .....................

Cash/Draft/Cheque no. ............................. Drawn on .............................................................................................................................................Bank,

Dated ........................... for an amount of r................................................................................................................................................... is enclosed.

Date : ................... (Signature)

Com

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Training

BCAS Study Circles 2017 –18

Study Circle No. Subject Fee

Tick your choice here

I Direct Tax Laws 460*

II Indirect Tax Laws 460*

III Company Law, Auditing & Accounting 460*

IV FEMA 460*

V Information Technology 460*

VI Human Resource Development 460*

VII ITF 1,150*

VIII BCAS Suburban Study Circle 690*

IX International Economics 1,150*

X Students Study Circle 230*

Study Circle No. Subject Fee

Tick your choice here

* Inclusive of Service Tax of 15%

Study CourseResidential Study Course on GST................................................. ............................. 09.06.2017 to 11.06.2017.......................................................................R12,880..................................................

For non-resident participant ( from Pune, Pimpri & Chinchwad ) ...........R9,430....................................................

Full Day Seminar on Income Computation and Disclosure Standards.........................19.05.2017..............................................................Member...................R2,013.......Non-members..R2,300.... Full Day Seminar on TDS..........................................................................................20.05.2017..............................................................Member...................R1,725.......Non-members..R2,013.... Half day seminar on Digital Transformation and GST ................................................ 26.05.2017............... R 750/- if enrolled up to 26th May and R 1,000/- for spot registration................................

GST Training Program For Trade, Industry & Profession............................................. 29.05.2017 to 31.05.2017........................................................................R5,175...................................................

EventTarang 2K17 - 10th Jal Erach Dastur CA Students' Annual Day..................................03.06.2017...........................................................................................R100 per student ....................................

Conference

International Tax & Finance Conference, 2017..........................................................10.08.2017 to 13.08.2017........Early-bird rate up to 31st May 2017......R19,550................................................. From 1st June 2017...............................R21,275.................................................

Seminars

bcasnewsletter r10 · 2017. 10. 17. · nirbhaya case. four and a half years later, the “nirbhaya...

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