chairman secretary editor ca. k. ramachandra rao ca. b...

For Private Circulation only

ChairmanCA. K. Ramachandra Rao

email : [email protected]

Vol # 3 of 2016 March, 2016

website : www.icaivisakhapatnam.org

EditorCA. Gupta B Gullapudi

SecretaryCA. B. Sreeramamurty

02.02.2016 Felicitation to Chief Guest CA. J. Venkateswarlu - outgoing Central Council Member

Resource Person CA Sanjay Vasudeva, Central CouncilMember, North Region receiving memento from Chairman

Cross Section of Delegates

Seminar on Companies Act and Introduction of New Office Bearers on 24.02.2016

March 2016

Visakhapatnam Branch of SIRC of ICAI 3

Dear Esteemed Colleagues,

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Gratitude to the Managing Committee and Members:I deem it as my privilege and honor to be the Chairmanof Visakhapatnam branch of SIRC of ICAI for the year2016-17. I thank all my colleagues in the Managingcommittee for reposing confidence on electing me to thisposition. I congratulate CA. B. Venkata Rao, Vice Chairman,CA. B. Sreeramamurthy, Secretary, CA. M. Chalapati Rao,Treasurer, CA. G. Bharathi Devi, SICASA Chairperson,CA. G. Brahmaji Gupta, Editor for assuming office in thosePosts and Congratulate CA. D. Chandra Sekhar Reddy,CA. V. Rama Prasad as members of the ManagingCommittee. I also thank all the Members of our Branchfor giving me the opportunity to serve the profession forthe term 2016-19. I meet you through this column aschairman of this coveted branch for the first month.

Congratulations to immed iate past Chairman andCommittee : All my predecessors contributed their mightin their own and noble way and handed over for futuredevelopment and growth which is a continuous process.Dear members I congratulate my Immediate PastChairman CA. N.N.S. Prakasa Rao for the efforts insuccessfully conducting special programs like SubRegional Conference and RRC at Araku. I too congratulateCA. P.V.S.P Kumar and CA. Lalitha Sundari A.V.S and othermembers in the then Team 2013-16. I shall thank ourbeloved member CA. D Prasanna Kumar, Past chairmanof SIRC, the then exofficio member who served the branchfor 3 terms continuously with incessant and constantattachment to the branch.

Felicitations to the Members at the helm of affairs :I now take this opportunity to congratulateCA. M. DEVARAJA REDDY on his elevation as President ofICAI. I also congratulate CA. Nilesh s Vikamsey on beingelected as Vice President of ICAI. I congratulateCA. E. Phalguna Kumar on assuming the position asChairman of SIRC. I welcome and felicitate him on beingnominated as an ex-officio member of our Branch forthe term 2016-19. Let me also share my good wishes tothe newly elected Central Council Members and RegionalCouncil Members from our region.

Onetime payment Delegate Fee: It is decided to continueto have ‘onetime payment of fee scheme’ . Fee for the FY2016-17 has been fixed as Rs.3500 for Members enrolledon or before 31.03.2011 and Rs.2500 for Membersenrolled from 01.04.2011.

Introduction of new office bearers: I convey my sincerethanks to beloved CA. C.V.S. Murthy for accepting ourrequest to be the Chief Guest for introduction of officebearers on 24.02.2016. I am also very much thankful to

the suggestions and kind words of Past Chairmen whospoke on that occassion. I profusely thank our belovedSenior Member CA. V.S.N. Murthy for speaking on“Companies Act 2013 - Auditors Perspective” on 24-02-2016.

Programmes covered: I thank CA. Sanjay Vasudeva, CentralCouncil Member [NR] who delivered lecture on02.02.2016 in the august presenceof our belovedCA. J. Venkateswarulu , the outgoing Central CouncilMember as Chief Guest for that programme. I thankAdv. C. Sanjeeva Rao, CA. Anil Bejawada for theprogrammes on 13th and 18th February. I thank CA. SanguRama Krishna who deliberated on the Indirect Taxproposals in the Finance Bill 2016. I thank the Chief GuestMrs. P.V. Jyotirmai, Hon’ble Chairperson of AP VAT Tribunalfor gracing the programme organized on the eve ofInternational Women’s Day. I thank CA. Neha Jain forconducting Seminar on that event in a delightful manner.I thank all the women CAs who have participatedenthusiastically in large number. We have facilitatedthree Women Members namely CA. G. LakshmiKantha,CA. P. Lalitha, CA. C. Padmaja (who could not attend onthat day). The analysis of Direct Tax Proposals wasconducted in association with Tax Bar Association whereCA. I. Kamasastry has addressed the members and waswell received. I thank Tax Bar Association for their efforts.

Insurance to members : While CABF helps the needyMembers and their family in times of distress, I take thisopportunity in reminding you all to review the sufficiencyor otherwise of Life Insurance Policies. I refer to excellentlife policy recommended by ICAI in association with LICwhere in premium rates are very competitive.

Appeal to the Members : It is the desire of the ManagingCommittee to cater to the needs of the Members andStudents and rise to their expectations. In this connectionI Request you to advise us to conduct any programme onany topic that you may desire from time to time.

With Warm Regards

CA.K.RAMACHANDRA RAOChairman

MEMBERS DIARY

12.03.2016 ICAI Bhawan CPE Seminar - 3 Hrs Startup India - Policy & Tax Incentives

CA. P.V.S.S. Prasad, Hyderabad

Chief Guest

CA. M. Devaraja Reddy

Hon’ble President- ICAI

19.03.2016 ICAI Bhawan Seminar in Association with Critical Analysis of Direct Tax

(Saturday) 4.00 pm to 6.30 pm Visakha Tax Bar Association Provisions in Finance Bill, 2016

CA. K. K. Chaitanya, Bangalore

20.03.2016 ICAI Bhawan CPE Seminar - 3 Hrs Inauguration and Key Note

(Sunday) 9.00 am to 2.00 pm 09.30 am to 12.00 noon Address by the Chief Guest

Sri. Ajoy Kumar Pandit,

Dy. General Manager, SBI

Zonal Office, Visakhapatnam

Audit of Advances, IRAC

Provisioning Norms, MOC

CA. D. Prasanna Kumar, Visakhapatnam

12.00 noon to 02.00 pm Issues in Audit of Profit & Loss

Account, Balance Sheet, LFAR &

other Certificates

Audit Planning and Documentation

CA. Prashant Kumar Bhal, Bhubaneswar

26.03.2016 ICAI Bhawan CPE Seminar - 3 Hrs Workshop on Bank Audit

(Saturday) 10.00 am to 01.00 pm CA. B. V. Rao

CA. V. S. Prakasa Rao

Date & Day Venue & Time CPE Hours Name of the Programme & Speaker

Visakhapatnam Branch of SIRC of ICAI

March 2016

4

SICASA DIARY

12.03.2016 (Saturday) ICAI Bhawan 2.00 pm to 4.00 pm Interaction with the President - ICAI

25.03.2016 (Friday) ICAI Bhawan 5.30 pm to 7.30 pm How to face CA Exam

26.03.2016 (Saturday) ICAI Bhawan 5.30 pm to 7.30 pm Bank Audit Seminar

VAT Update CA [email protected], 08801032969

Amendment to AP VAT Act by Act 4 of 2016

1. S.2(47) - Zero rated sales (excludes sale to SEZ) 2. S.4(4)(iv)

Imposition of purchase tax on goods purchased from

unregistered dealer – dispatched otherwise than CST sale

or Export 3. S.4A Fixation of tax for diesel and furnace oil to

ocean going ships 4. S.13 withdrawing ITC for goods lost 5.

21(1A) Certification by CA introduced in the case of VAT

dealers and by Sales Tax Practitioner in the case of TOT

dealer 6. S.31CCT empowered to specify exclusion of time

for computation of limitation of filing appeals. 7. S.32 –

deferring the revision and exclusion of period from

computation period specified for revision. Express power

to Commissioner to defer revision; deleted. 8. S.34 Time

limit increased for filing revision petition before HC to 120

days from 90 days 9. S.38 (6) Rate of interest on refunds

increased to 1.25% from 1% 10. S.45 Verification of way

bills at check post – two times tax if goods are detained. 11.

S.56A. Penalty at 5% if particulars of tax invoices are

uploaded 12. S.63 Penalty for failure to attend summons

Furnace Oil included as item no.236 in IV Schedule

Notification issued by Commissioner

1. Notification U/s.22(3B) (Official Gazette dt.30.1.16)

specifying deduction of tax payable in the invoices

by State and Central Government undertaking from

payment of invoice and specif ication of forms.

Commissioner’s Circulars

1. CCT’s Ref.No. CCW/CS(1)/ 128 /2015 dt 08-02-16 -

APVAT Act 2005 – instructions on Registrations-VAT/

CST/TOT/ APPT/APET/APLT, DIPP,GOI Action points

on ease of Doing Business

2. CCT’s Ref.No.Enft.D2/611/2007 Dt.09-02-16 –

Modification of instructions in the case of detention

of goods at Check posts to streamline the Procedure

as per section 45.

3. CCT’s Ref.No. CCW/CS(1)/ 128 /2015 dt 12-2-16 -

comprehensive instructions in respect of online

filing and application for statutory forms

Advance Rulings

1. A.P. Forest Development Corporation A.R.Com/25/

2015 dt 11.2.16 AO No.1/2016 – Authority has no

power to give ruling on issues of CST Act

2. GDR Cylinders (P) Limited - A.R.Com/81/2010 dt-

19/02/16 (AO 2/2016) – claim of ITC on furnace oil

not acceptable and waiver of penalty not in scope

of authority

ADC order

Vasavi Plast Industries - APPEAL No.23/2015-16 (ADC order

no.200) dt 18.2.16 – rejection of stock transfer by CTO –

appeal filed – remanded to CTO (appeal against rejection

stock transfer U/s.6A(2) lies directly Tribunal U/s S.18A (1))

DC orders

1. Sri Parameswara Oil Mills, Tadipatri - Rc.No. 46/

2014/F1 &, RR.No. 17/2014/F1 dt 11.2.2015 –

Assessment year 2000-01 – STAT remanded the

appeal to CTO on merits –penalty not levied by CTO

– Penalty levied by revision order (arguable case

exists – Penalty to be levied within the time frame

work – orders of penalty is subject to revision –

revision orders cannot be passed where CTO had

not imposed penalty).

2. IJM Lingamaneni Town Ship - Rv.No13/2015-16/A8

(D.C. Order No. 63) dt 19.2.16 – revision for non-

deduction of TDS Assessment year 2011-12 to

2013-14 – Contractee might have paid the tax –

necessary amendment required either in the Act or

Rules for TDS even after payment of total tax by

contractee

High Court

SCHWING STETTER India WP 10223/14 dt.6.10.15 (87 VST

300) – appeal filed following the procedure - Garnishee

Notice issued to the Bankers where dealer not having

banking accounts and a copy of the notice was not served

on the dealer. The Court held the Assessing Authority is

irresponsible and negligent and also said the dealer is at

liberty to seek damages in civil court.

Supreme Court

1. K.T.C. Automobiles (Revenue Appeal) - AC 2446/2007

dt 29.1.16 – property in the vehicle transferred once

the registration with motor vehicle authorities is

completed.

March 2016


2. Tata Steels (Revenue Appeal) – AC 4285/2007 dt

12.2.16 - It is well established that in a taxing

statute there is no room for any intendment but

regard must be had to the clear meaning of the

words. The entire matter is governed wholly by the

language ……… It is a well-known principle of

statutory interpretation that if an interpretation

leads to absurdity, the same is to be avoided.

Madras High Court

Wipro GE Healthcare – WP 1654/2016 and batch dt 3.2.16 –

assessment set aside for non-application of mind and

remitted back with directions to pass orders without being

influenced by observations of enforcement wing.

Karnataka HC

1. Milan Plywood Suppliers STRP 315/2012 dt 10.7.14

86 VST 117 - Input Tax Credit merely because sellers

not remitted tax would not enable assessing

authority to deny benefit.

2. Gopalan Enterprises (India) Ltd. , STRP 214/2013 dt

31-7-2015 (2015) 86 VST 545 – Input Tax Credit -

revision without mention of allowing of input tax

credit claims in relation to SEZ - setting aside orders

and remanding matter with reference to section

20(2) and Rule 130A (a) - following SC judgment

H.R. Sri Ramulu (1977) 39 STC 177 (SC)

Delhi High Court

HS Power Projects - STAPPL 24/2015 dt 14.1.16 - [TS-2-HC-

2016(DEL)-VAT] consideration of pure labour contracts is not

liable VAT – excess turnover offered including Labour portion

– HC remanded for verification of AO

Punjab and Haryana HC

Sanjeev Stone Crushing Company - VATAP No.41/2015 dt

18.11.15 - [2015-TIOL-2743-HC-P&H-VAT] - input tax credit

not to be denied for procedural defects such as name and

TIN not being mentioned in tax invoice.

Madya Pradesh HC

Bharti Infratel Ltd WP 2175/15 dt 20.8.15 (2015)86 VST 258

- maintenance services to telecommunications operators on

shared basis- Assessee in possession of passive

infrastructure- No transfer to telecommunications operators

of right to use passive infrastructure- (following Karnataka

HC judgment in of 2012 (285) ELT 3

March 2016


CASE LAWSCIT vs. Sonic Biochem Extractions Pvt. Ltd (Bombay High

Court)

COURT: Bombay High Court

CORAM: G. S. Kulkarni J, M. S. Sanklecha J

SECTION(S): 32, 43(6)

GENRE: Domestic Tax

CATCH WORDS: Block of Assets, Depreciation

COUNSEL: Dr. K. Shivram

DATE:

November 17, 2015 (Date of

pronouncement)

DATE: November 27, 2015 (Date of publication)

AY: 2005-06

S. 32/ 43(6): Even assets installed in a discontinued business

are eligible for depreciation as part of 'block of assets'

Once the concept of block of assets was brought into

effect from assessment year 1989-90 onwards then the

aggregate of written down value of all the assets in

the block at the beginning of the previous year along

with additions made to the assets in the subject

Assessment Year depreciation is allowable. The

individual asset loses its identity for purposes of

depreciation and the user test is to be satisfied at the

time the purchased Machinery becomes a part of the

block of assets for the first time

March 2016


ITO vs. Bhansali Trust (ITAT Mumbai)

Mere non-intimation of the amendments in the Trust

Deed to the Department cannot ipso-facto lead to

cancellation of registration because the statutory

requirement of cancellation of registration contained

in section 12AA(3) of the Act prescribe that the

cancellation of registration cannot be effectuated

unless a case is made out that the new objects do not

fit-in with the existing objects (i.e. new objects are 'non-

charitable' in nature) or that the activities are in-

genuine

COURT: ITAT Mumbai

CORAM: G. S. Pannu (AM), Sanjay Garg (JM)

SECTION(S): 11, 12AA

GENRE: Domestic Tax

CATCH WORDS:

cancellation of registration, Charitable

purpose, registration

COUNSEL: Ajay Singh, Dr. K. Shivram

DATE: August 31, 2015 (Date of pronouncement)


AY: 2009-10

S. 11/ 12AA: Mere non-intimation of amendments to trust

deed cannot ipso facto result in cancellation of registration if

there is no change in tone and tenor of objects

Munaf Ibrahim Memon vs. ITO (ITAT Pune)

In view of the provisions of the Act i.e. section 145A of

the Act, we find no merit in the plea of the assessee in

not recognizing the VAT attributable to its sales as part

of the sale consideration of the goods while computing

its Profit & Loss Account. The mandatory provisions of

COURT: ITAT Pune

CORAM:

Pradip Kumar Kedia (AM), SushmaChowla

(JM)

SECTION(S): 145A, 43B

GENRE: Domestic Tax

CATCH WORDS:

actual payment, business

expenditure, disallowance

COUNSEL: Sunil Ganoo

DATE: October 30, 2015 (Date of pronouncement)


AY: 2009-10

S. 43B/ 145A: Taxes collected by the assessee, which remain

unpaid, have to be added to the income even if the same are

not debited to the P&L A/c and claimed as a deduction

Central Act i.e. section 145A of the Act supersedes the

provisions of any State Act i.e. Maharashtra Value Added

Tax Act, 2002. Once the assessee recognized the VAT

amount as part of the sale consideration, it tantamount

to the said entry being routed through the Profit &

Loss Account, especially in the cases where the assessee

is following mercantile system of accounting

Hero Cycles (P) Ltd vs. CIT (Supreme Court)

COURT: Supreme Court

CORAM: A.K. Sikri J., RohintonFaliNariman J.

SECTION(S): 36(1)(iii)

GENRE: Domestic Tax

CATCH WORDS: business expenditure, Interest

COUNSEL: S. Ganesh

DATE:

November 5, 2015 (Date of

pronouncement)


AY: 1988-89

S. 36(1)(iii): Law on when interest expenditure on loans

diverted to sister concerns and directors can be allowed as

business expenditure explained

Once it is established that there is nexus between the

expenditure and the purpose of business (which need

not necessarily be the business of the assessee itself),

the Revenue cannot justifiably claim to put itself in

the arm-chair of the businessman or in the position of

the Board of Directors and assume the role to decide

how much is reasonable expenditure having regard to

the circumstances of the case. It further held that no

businessman can be compelled to maximize his profit

and that the income tax authorities must put

themselves in the shoes of the assessee and see how a

prudent businessman would act. The authorities must

not look at the matter from their own view point but

that of a prudent businessman

DCIT vs. Zuari Estate Development & Investment Co

Ltd (Supreme Court)



SECTION(S): 143(1), 147, 148

GENRE: Domestic Tax

CATCH WORDS: 143(1) assessment, Reopening

COUNSEL: Dhruv Aggarwal

DATE: April 17, 2015 (Date of pronouncement)


AY: 1991-92

S. 143(1)/ 147: As a s. 143(1) intimation is not an

assessment, there is no question of "change of opinion" by

the AO

March 2016


Can it be said that any "assessment" is done by them?

The reply is an emphatic "no". The intimation under

Section 143(1)(a) was deemed to be a notice of demand

under Section 156, for the apparent purpose of making

machinery provisions relating to recovery of tax

applicable. By such application only recovery indicated

to be payable in the intimation became permissible.

And nothing more can be inferred from the deeming

provision. Therefore, there being no assessment under

Section 143(1)(a), the question of change of opinion, as

contended, does not arise

VarshabenSanatbhai Patel vs. ITO (Gujarat High Court)

The returns filed by the assessee have been processed

under section 143(1) of the Act. The Assessing Officer

in the reasons recorded for the purpose of reopening

the assessment has placed reliance upon the record of

the case. As noted hereinabove, there is no assertion

as regards on what basis the Assessing Officer has

stated that the assessee had made claim in respect of

bogus purchases in the trading and the Profit and Loss

Account as expenditure. The Assessing Officer has

stated that on verification of the details available on

record, it has been noticed that the assessee has made

bogus purchases; however, no specific averments are

made as regards which details available on record

reflected such bogus purchases

DCM Ltd vs. DCIT (ITAT Delhi)

COURT: ITAT Delhi

CORAM: Beena Pillai (JM), T. S. Kapoor (AM)

SECTION(S): 14A, Rule 8D

GENRE: Domestic Tax

CATCH WORDS:

Disallowance u/s 14 & Rule 8D, exempt

income

COUNSEL: Pradeep Dinodia

DATE:

September 1, 2015 (Date of

pronouncement)


AY: 2009-10

S. 14A/ Rule 8D: The AO must give reasons before rejecting

the assessee's claim. He must establish nexus between the

expenditure & the exempt income. The disallowance cannot

exceed the exempt income

The AO has neither recorded his satisfaction nor given

reasons as to how the claim of expenditure in relation

to tax free income has not been correctly made by the

assessee as envisaged under section 14A(2). The AO

has mechanically invoked Rule 8D. The AO has not

established any nexus between the investments made

and the expenditure incurred under the head interest

expenditure and administrative expenses, before

disregarding the disallowance suomoto made by the

assessee. disallowance u/s.14A cannot exceed the

amount of exempt income

Spentex Industries Ltd vs. CCE (Supreme Court)

It is to be borne in mind that it is the Central

Government which has framed the Rules as well as

issued the notifications. If the Central Government itself



SECTION(S): 119

GENRE: Domestic Tax

CATCH WORDS: binding effect, interpretation of statutes

COUNSEL: -

DATE: October 6, 2015 (Date of pronouncement)


AY: -

CBDT &Govt are bound by their own interpretation of a

statutory provision. Principle of "contemporaneaexpositio"

explained. The word "or" can be interpreted as "and" if the

former leads to unintelligible and absurd results

COURT: Gujarat High Court

CORAM: A. G. Uraizee J, HarshaDevani J.

SECTION(S): 143(1), 147

GENRE: Domestic Tax

CATCH WORDS: 143(1) assessment, Reopening

COUNSEL: R. K. Patel

DATE:

October 13, 2015 (Date of

pronouncement)


AY: 2009-10

S. 143(1)/ 147: If the assessment is reopened on the ground

of “bogus purchases”, the reasons must contain an averment

of which details on record reflect the bogus purchases

March 2016


WEBSITE PURPOSE

icai.org Official Website For CA which is useful for Members and Students and

provides latest announcements and new notifications.

icaionlineregistration.org This is useful for Enrollment to various programmes organized by ICAI

to Students and members.

icaiknowledgegateway.org It provides various Knowledge resources which are helpful for Members

and Students.

icaidigitallibrary.org It provides Subscriptions, Members Journal, E-Books and Publications

of ICAI through online .

cloudcampus.icai.org It provides various sources for students like E-books, Online Mentoring,

and Enrollment to Programmes, Articles Placement, Results, Forms and

many more.

cit.icai.org CIT could be used in following manner

" IT professional Opportunity.

" Gearing up for IS Audit.

" CIT Courses, Seminars.

canet.co.in CA Net could be used in following manners

" Referencing.

" Search for Networking.

" Search for Merger.

" Rules of Networking & Merger Demerger (including forms).

" Register for Networking.

" Register for Merger.

" List of Network Firms.

" List of Mergers.

" List of MCS Company.

mef.icai.org It is useful for Members for Multipurpose Empanelment Form and also

toedit them online.

pdicai.org Knowledge Portal for Members including Tenders.

cpeicai.org It provides required information about CPE hours and also gives

announcements to members.

icaitv.com It useful to view all videos of all events conducted by ICAI.

ssp.icai.org It is helpful for members in practice to view Profile and education details

as available in ICAI records and also to maintain E-Dairy for Article

Assistants

womenportal.icai.org It is a portal for empowerment of Women CA members.

job4cas.icai.org It is a Job Portal for world class accounting and Finance Professionals.

students.icai.org It provides the knowledge portal for students to know about various

coursedetails.

studentslms.icai.org This site is useful for Board of Studies E-learning and to read E-

IMPORTANT WEBSITES OF ICAI

March 2016


newsletters and Various resources on many subjects for students.

Website that are part of Cloud Campus

icaiexam.icai.org It is Useful for Online enrollment for examinations and gives

Notifications that are related to Exams

caresults.nic.in It is useful to view the CA Exam Results online.

bosapp.icai.org It provides Online Article Placement Portal for Articled Assistants by

CA firms.

icaiarf.org Accounting Research Foundation

icai.org.in Capacity Building of Members in Practice

cconpo.icai.org Cooperatives & WPO

elearn.icai.org For elearing

financial market.icai.org Investor protection

esb.icai.org Ethical Standards Board

idtc.icai.org Indirect Taxes Committee

ia.icai.org International Affairs Committee

icaionlinestore.org Publications

Note: Other Websites, if any, will be updated soon.

Acli-a/c ledger inquiry Acs-a/c selection (print)

Aci-a/c inquiry

Ctrl+e - explode F2-short name F4-enter F3-exit/back

Ctrl+d-next page/page down Ctrl+u-page up/previous page Background - report generation & view+print

Options @ Cntrl+e

Option Description A Party Details S Scheme details O General account details H Limit History Inquiry G General Ledger Inquiry B Shadow balance Inquiry D Audit Inquiry E Repayment Schedule details J Disbursement schedule details 9 Payment statement details Y Asset classification Inquiry @ Charge details ? Interest details Inquiry

1. To see a/c classification>acli>a/c no.> ctrl+e>y>f4

2. To view options>acli>a/c no.>ctrl+e>f2 3. To view trans> acli>a/c no.>f2 4. To see TL overdue> acli>a/c

no.>ctri+e>e>f4(overdue amt & rephasement date)>shift+f4(recovery details)

5. To view account>acli>a/c no.>period>f4

6. To see a/c category>acli>a/c no.> ctrl+e>v>f4

7. To see a/c Rol>aci44>I>a/c no.>f4>0 (zero)>f4

8. security details>srm>I,A>CC no.>f4. 9. list of a/cs selection>acs>scheme

code>f6 10. list of NPA a/cs>acs>f6>main asset

classification=002>f4 11. To pr int l is t of a/cs >acsp

12. To see NPA details>mnpa

FREQUENTLY USED FINACLE MENUS AND COMMANDS DURING THE BANK AUDIT

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VISAKHAPATNAM BRANCH OF SIRC OF ICAI

Registration Form

ToThe secretary,Visakhapatnam Branch of SIRC of ICAI,ICAI Bhawan,VISAKHAPATNAM -530 003

Dear Sir,

I/We have enclosed Cheque No..... ... .... ... ... .... ... .... ... .... ... .... ... of .. ... .... ... ... .... ... .... ... .... ... ... .... ... .... ... .. Bank dated

.. . . .. . . . .. . . . .. . . . . .. . . . .. . . .. for Rs . . . .. . . . .. . . . . .. . . . .. . . .. . . . .. . ./- in favour of VISAKHAPATNAM BRANCH OF SIRC OF ICAI,

VISAKHAPATNAM towards my/our ONE TIME DELEGATE FEE PAYMENT for CPE Seminars at Visakhapatnam Branch

for the period from 01.04.2016 to 31.03.2017.

Details of the Member/Members

S.No Name of the Member Date of M. No Mobile No. E-mail ID

Enrolment

Thanking You,

Yours Truly,

Signature

Note:Members enrolled before 31.3.2011 - Rs. 3,500Members enrolled on or after 01.04.2011 - Rs. 2,500

March 2016


Members desirious of making online payment are

requested to do the same to the following account :

ACCOUNT NAME : VISAKHAPATNAM BRANCH OF SIRC OF ICAI

ACCOUNT NO : 024510011011521

BANK NAME : ANDHRA BANK

BRANCH NAME : PITHAPURAM COLONY

IFSC CODE : ANDB0000245

Please forward the UTR No. , Name and Membership No. to the

following mail ID : [email protected]

ONE TIME PAYMENT DELEGATE FEE (2016-17)

International Women’s Day - SICASA International Women’s Day - Members

05.03.16 Analysis on Indirect Tax Proposals in

Finance Bill 2016 by CA. S. Ramakrishna09.03.16 Clause by Clause Analysis of Finance

Bill 2016 on Direct Taxes by CA. I. Kamasastry

08.03.2016 International Women’s Day

Professional Opportunities in Service TaxCA. Madhukar Hiregange Central Council

Member on 23.01.16

Chief Guest Smt P. V. Jyothirmai, Chairperson, AP VAT Appellate Tribunal Felicitation to CA. G. Lakshmikantha & CA. P. Lalitha

Felicitation to CA. Lalitha Sundari A.V.S by SICASA Felicitation to CA. Kanakamahalakshmi by SICASA

Printed & Published by CA. K. Ramachandra Rao, Chairman on behalf

of Visakhapatnam Branch of SIRC of The Institute of Chartered

Accountants of India, Visakhapatnam and printed at : Maruthi Printers,

D.No.30-5-17, Krishna Gardens, Dabagardens, Visakhapatnam - 20,

Cell : 92469 32859, email : [email protected] and

Published for Visakhapatnam Branch of SIRC of ICAI, D.No.9-36-22/

2, Pithapuram Colony, Visakhapatnam - 530 003, Ph : 0891-2755019,

email : [email protected] Editor : CA. Gupta B Gullapudi

Visakhapatnam Branch of SIRC of ICAI

The Views expressed by contributors in this Newsletter do not

necessarily reflect the opinion of the Branch or the Institute

At the Helm of ICAI

Newly Elected Office Bearers of SIRC of ICAI

CA. G. Bharathi Devi

Chairperson - SICASA

CA. K. Ramachandra Rao

Chairman

CA. B. Venkata Rao

Vice Chairman

CA. B. Sreeramamurty

Secretary

CA. M. Chalapathy Rao

Treasurer

CA. Gupta B Gullapudi

Editor

CA. D. Chandrasekhar Reddy

Member

CA. Ram Prasad V

Member

CA. E. Phalguna Kumar

SIRC Chairman, Ex-officio Member

Managing Committee Members of Visakhapatnam Branch of SIRC of ICAI

CA. M. Devaraja Reddy

Hon’ble President

CA. Nilesh Shivji Vikamsey

Hon’ble Vice President

CA. Phalguna Kumar E

Chairman

CA. Cotha S Srinivas

Vice Chairman

CA. Jomon K George

Secretary

CA. Jalapathi K

Treasurer

CA. Babu K Thevar

Chairman SICASA

chairman secretary editor ca. k. ramachandra rao ca. b...

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