The Institute of Chartered Accountants of India – … for the month of...The Institute of Chartered Accountants of India – Vasai Branch of WIRC Newsletter 3 CREATIVITY WITH COMMITMENT

2 The Institute of Chartered Accountants of India – Vasai Branch of WIRC Newsletter

CREATIVITY WITH COMMITMENT

Photo – Gallery

(L-R):- CA. Bhanwar Borana (Secretary, Vasai Br.), CA. Mahesh Gour (Speaker), CA. Vimal Agarwal (Chairman, Vasai Branch of WIRC), CA. Shruti Shah (Chairperson-WIRC), CA. Rajiv Gupta (Speaker), CA. Lalit Bajaj (Branch Nominee & RCM) & CA. Mukesh Sharma (Treasurer, Vasai Br.) at the dais

(L-R):- CA. Xavier Rajan (Committee Member-Vasai Br.), CA. Ankit Rathi (Chairman, Vasai Branch of WICASA), CA. Vimal Agarwal (Chairman, Vasai Branch of WIRC), CA Manish Hingar (Speaker) & CA. Mukesh Sharma (Treasurer, Vasai Br.) at the dais.

CA Manish Hingar (Speaker)

Participants

CA. Vimal Agarwal (Chairman, Vasai Branch of WIRC) presenting bouquet to

CA. Shruti Shah (Chairperson-WIRC)

CA. Unmesh Narvekar (Past Chairman- Vasai Br.) presenting bouquet to

CA. Rajiv Gupta (Speaker)

CA. Dayaram Paliwal (Past Chairman- Vasai Br.) presenting bouquet to CA. Mahesh Gour

Group Photo taken at the event

3The Institute of Chartered Accountants of India – Vasai Branch of WIRC Newsletter


Dear Professional Colleagues,

As we have ventured into the second half of 2016, I believe the next 5 months are going to be more important than the last 7 months.With the introduction of GST, a lot of activities will need to be planned to keep ourselves abreast with the developments and be the responsible professionals we are supposed to be.

Looking forward to the coming months, we have planned an extensive

Concurrent Audit of Banks jointly with Internal Audit Standards Board of the ICAI, Professional Training on Information System Audit course jointly with Committee on Information Technology.

Branch has also schedule Two Days Mega Members Conference on GST jointly with Indirect Taxes

In the past month, we have conducted Seminars on Amnesty Scheme for VAT & Allied Acts and

as well as felicitated the May exam takers for their success. Vasai Branch jointly with Women Members Empowerment Committee of ICAI held 1st Women IRRC at Singapore from 13th August to 17th August, 2016 and it was a huge success. We still have lot more to deliver and lot to more to achieve in the coming months.

Sometimes, I am a teacher to my son, a teacher to my mentees and above all a teacher to myself. It is thanks to my teachers who made me capable of carrying forward this legacy and

In this season of celebrations, we wish you a very happy Rakhi, DahiHandi and Ganesh Chaturthi and Michhami Dukkadam to everyone.

Chairman 9320617447

Vice Chairman 9833860870

Secretary 8291454999

Treasurer 9321160020

WICASA Chairman 9029059911

Committee Member 9869525956



Branch Nominee 9867692321

Chairman 9320617447

Secretary 8291454999


With Warm Regards

Chairman

The Institute of Chartered Accountants of India – Vasai Branch of WIRC Newsletter


Seminar on20th to 28th September2016

for Nov 2016 Exam attempt

11.00 am to 2.00 pm

Mira Road (East) - CA. Ankit Rathi 9029059911 ` 200 _

GCC Club, Mira Bhayander Road, Mira Road (E)19th Nov. to 4th Dec. 2016 (Every Saturday & Sunday)9.30 am to 5.00 pm30 hrs.

CA. Mukesh Singh Kushwah (Chairman, Internal Audit Standards Board)i. CA. Anil Satyanarayan Bhandari

(CCM, ICAI & Vice-Chairman, IASB)ii. CA. Tarun Jamnadas Ghia

(CCM, ICAI & Member, IASB)CA. Vimal Agrawal (Chairman, Vasai branch of WIRC of ICAI)Mr. Khushmat Jain (Branch Incharge, Vasai Branch of WIRC of ICAI)Contact No. : 07208099778, (022) 65568900/01/02.Email : [email protected]

Loans and AdvancesBook Debts and Stock Audit

and Provisioning pertaining to AdvancesConcurrent Audit Procedures

Implementation of Basel Capital Regulatory Requirements in India.Disclosure Requirements

(GMs of Banks to Address)

KYC norms & Obligation of banks under Prevention of Money Laundering Act (PMLA 2002)Effective Concurrent AuditDiligence Reports of Banks

IndustriesAudit in CBS EnvironmentSoftware Usage in Banks – CBS DemonstrationObjective Assessment

Green Court Club (GCC), Mira Bhayander Road, Mira Road (East)8th, 9th, 15th, 16th, 22nd, 23rd Oct and 5th, Nov 2016 (Every Sat & Sun) (Except 30th & 31st Oct due to Diwali vacation)9.30 am to 5.00 pm20 hrs.

Chairman, Committee on Information Technology Mobile: 9810103611 E-mail : [email protected]

Chairman, Vasai branch of WIRC of ICAIContact No : 9320617447E-mail : [email protected]

Branch Incharge, Vasai Branch of WIRC of ICAI Contact No. : 07208099778, (022) 65568900/01/02Email : [email protected]

Limited Seats 40 only

Seminar on8th Oct to 5th Nov 2016 (Every Sat & Sun)

9.30 am to 5.30 pm

Green Court Club (GCC), Mira Bhayander Road, Mira Road (East)

Eminent CA. Nitesh Kothari 9833860870 ` 20,000 20 Hrs

15th Oct & 16th Oct 2016

9.30 am to 5.30 pm

Green Court Club (GCC), GCC International School, Mira Bhayander Road, Mira Road (East)

19th Nov to 4th Dec 2016 (Every Sat & Sun)

Concurrent Audit of Banks9.30 am to 5.30 pm

Green Court Club (GCC), Mira Bhayander Road, Mira Road (East)

Eminent CA. Mukesh Sharma 9321160020CA. Xavier Rajan 9371720027CA. Hemant Shah 9022405230

Young Member- ` 10,000 & Others

` 12,500

30 Hrs

3rd Dec to 8th Jan 2016 (Every Sat & Sun)

Professional Training on Information System Audit course

9.30 am to 5.30 pm

Zaika Restaurant & Party Hall, 1st

Bhoomi, Govind Mall, Eminent CA. Nitesh Kothari 9833860870 ` 20,000 _

Two Days Mega Conference on GST

Eminent All Committee Member ` 2,500 12 Hrs

http://online.icai.org/ccm.html?progid=1287

Delegate fee ` 10,000/ 12,500 per delegate payable by cheque/DD in favor of “Secretary, ICAI” payable at Delhi and should be sent to Vasai Branch at “Amruta Building, Indralok Phase-II, New

Golden Nest Road, Bhayander (East), Dist- Thane. -401105”

resource.cdn.icai.org/29878iasbform19476.pdf.

5The Institute of Chartered Accountants of India – Vasai Branch of WIRC Newsletter


Mobile No. : 9892063171Email : [email protected]

India. By amalgamating a large number of Central and State taxes into a single tax and allowing set-off of prior-stage taxes, it would mitigate the ill effects of cascading and pave the way for a common national market. Introduction of GST would also make our products competitive in the domestic and

international markets. Studies show that this would instantly offshoot economic growth. There may also be revenue gain for the Centre and the States due to broadening of tax base, increase in trade volumes and improved tax compliance. Last but not the least, this tax, because of its transparent character, would be easier to administer.

On Historic Day of 3rd August 2016, Rajya Sabha passed with 203 to

1.1 The Constitution provides powers in respect of taxation between Centre and states. While the Centre at present does not have the right to tax sale of goods, except in the case of inter-state sale, states cannot levy tax on services. The divisions are mentioned in the Article 246 under the Seventh Schedule of the Constitution. Hence, the Constitution needs to be amended to provide for giving power to both the Centre and states in respect of GST, a single tax on goods and services.

in the Lok Sabha on 8th August 2016, and said that while it is an

three more laws have to be created, of which two will have to go through the Parliament.

The GST Constitutional Amendment Bill was passed by the Lok Sabha in May 2015. However, the bill was passed by the Rajya Sabha on 3rd August 2016, with certain amendments to some

again, on 8th August 2016. The Lok Sabha needs to change the amendments the Rajya Sabha has asked for on 3rd August.

By stating that “the GST Rate or the Tax Rate will be decided by a

to become operative. Hopes have been built as the government is taking forward the transformation with a supported majority of all political parties and the Centre is addressing concerns of all the States.

dream to make GST as one of its greatest achievements, “One

to give another tax on that tax component. So tax on tax will be eliminated.

2.2 The Prime Minister, Mr.NarendraModi describes the forthcoming route of GST as a victory for Indian Democracy, as a “Great Step

Mr. PM, recalled that in 1942 on 8th of August, on this day Mahatma Gandhiji had given the call for the Quit India Movement. By addressing to the day he said, that today the country would begin its march towards freedom from Tax Terrorism.

Recalling the discussions and conferences on the Goods and Service Tax, he noted that the harmony of GST is proving that

above politics).

Describing GST as a Pearl in the necklace of EK Bharat, Mr. PM intends to bring uniformity in taxation, adding that the consumer

has been kept out of the ambit of GST. He also mentioned that GST will aid in achieving the optimum utilisation of man, money, machine, material and minutes (time).

It is hoped that GST would bring in real time data, as its strengthis technology, it would also help to reduce corruption in collection as well as cost of collection. Mr. PM has emphasised that small business will also gain tremendously and will feel more secure with GST. Lastly the aim of Government is focusing on economic and educational empowerment of the poor, so that the disease called poverty can be cured.

3.1 Though this phase seems to be a promising one for a greattransformation, there are certain areas and hurdles which need to be worked upon and to be passed through:

• The Constitution Amendment Bill, after getting assented by the Parliament, will have to be consented by at least 50% of States.

• The next important step to be taken is the foundation of

• After the GST Act has been enacted, the respective Government will need to frame Rules for carrying out such Act.

the data through technology.

Abatements and Exemptions.

The Passage of the 122nd Constitution Amendment Bill in the Parliament is seen as a big victory for the ruling party. The next big challenge for the government is to get the States on board and get the rest of process going as quickly as possible to meet the deadline of implementation of GST by April 2017.The transformational task seems to be a challenging one which can be accomplished with a mixture of experience and a clear vision.



�

Circular No 24 dated 27/06/2016; Circular No 25 dated 30/06/2016; Circular No 27 dated 14/07/2016 have been issued to clarify on various issues of Income Declaration Scheme.

�

stakeholders, the Government has decided to revise the time schedule for making payments under the Scheme as under:

(i) a minimum amount of 25% of the tax, surcharge and penalty to be paid by 30.11.2016;

(ii) a further amount of 25% of the tax, surcharge and penalty to be paid by 31.3.2017;

(iii) the balance amount to be paid on or before 30.9.2017.

�

The Central Board of Direct Taxes, in exercise of powers under

April would be considered to have attained a particular age on 31st March, the day preceding the anniversary of his birthday. In particular, the question of attainment of age of eligibility for being considered a senior/very senior citizen would therefore be

directed to take note of above position for ascertaining the age

category, being resident in India.

�

On consideration of reports of Bank strike on 29th July, 2016

in order to avoid any inconvenience to the taxpayers while making payment of taxes pertaining to returns of income for Assessment

as per provisions of Section 139(1) of Income-tax Act, 1961, the Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income-tax Act, 1961, hereby extends

2016 to 5th August, 2016, in case of taxpayers throughout India

Mobile No. : 9821351838E-mail : [email protected]

�

Section 44AB makes it obligatory for every person carrying on business to get his accounts of any previous year audited if his total sales, turnover or gross receipts exceed one crore rupees. However, if an eligible person opts for presumptive taxation scheme as per section 44AD(1) of the Act, he shall not be required to get his accounts audited if the total turnover or gross receipts of the relevant previous year does not exceed two crore rupees. The higher threshold for non-audit of accounts has been given only to assessees opting for presumptive taxation scheme under section 44AD.

�

Rule 37BC has been inserted for relaxation from deduction of tax at higher rate under section 206AA.This rule provides that in the case of a non-resident, not being a company, or a foreign

permanent account number the provisions of section 206AA shall not apply in respect of payments in the nature of interest, royalty, fees for technical services and payments on transfer of any capital asset, if the deductee furnishes the following details:-

(i) name, e-mail id, contact number;

the deductee is a resident;

territory outside India from the Government of that country or

is available, then a unique number on the basis of which the

�

Considering the present facts, it has been decided that the ICDS shall be applicable from 1.4.2016 i.e. previous year 2016-17 (Assessment Year 2017- 18).



•

be liable to capital gains tax.

a transferwithin the meaning of the Act and relying on various judicial

Reliance was placed upon the decision of the Bombay High Court in case of TexspinEngg. &Mfg Works wherein it was held that;

to be read with section 2(47)(ii) which states that transfer in relation to a capital asset shall include extinguishment of any rights therein. The court

being treated as a Company under the statutory provisions of Part IX of the

in the case of a transfer of capital asset, two important ingredients are: existence of a party and a counterparty and, secondly, incoming consideration qua the transferor. The court was of the view that when a

There is no conveyance of the property executable in favour of the Limited

of the Companies Act, but that vesting is not consequent or incidental to a transfer. It is a statutory vesting of the properties in the Company as

given date. The court was accordingly of the view that there was no transfer

Packaging hadagreed with the view adopted by the Bombay High Court in case of TexspinEngg&Mfg Works.

case of TexspinEngg. &Mfg Works wherein it was observed as under;

as a Company under the statutory provisions of Part IX of the Companies

of a transfer of a capital asset, two important ingredients are: existence of a party and a counter-party and, secondly, incoming consideration qua

two conditions are not attracted. There is no conveyance of the property executable in favour of the limited Company. It is no doubt true that all

as a Company under Part IX of the Companies Act, but that vesting is not consequent or incidental to a transfer. It is a statutory vesting of properties

Company, after a given date. In the circumstances, in our view, there is

In a nutshell

Relying on the Bombay High Court in case of TexspinEngg&Mfg Works, the

company does not amount to transfer under section 2(47) of the Act and not liable for capital gains tax. This judgement would be an encouraging

Chapter XXI (PART I – Companies Authorised to Register under this Act) of the Companies Act, 2013 i.e. the erstwhile Part IX conversion under the Companies Act, 1956.

2 R.L. Kalathia& Co [2016] 66 taxmann.com 249 [Guj] 3 CIT v. TexspinEngg. & Mfg. Works [2003] 263 ITR 345 (Bombay)4 CIT v. Well Pack Packaging [2008] 174 Taxman 102(SC)

Mobile No.:98207 45326 Mobile No. : 97735 27075E-mail: saurabhagrawal_123 E-mail : bhagya7992@@yahoo.com gmail.com

The Indian economy is witnessing radical changes in its regulatory environment

aimed to remove traditional burdens in the form of ease of doing business in India, opening up of Indian markets to the world and also to promote entrepreneurship initiatives. With new laws and reforms coming into force with time, the concept

Partnership Act, 1932. However, the greatest risk in this structure is that the liability of partners is unlimited, joint and several and hence shift towards corporatization.

has again been tested by the Gujarat High Court in the case of R.L. Kalathia& Co which is summarized below.

development and in 1980 it had taken land on 99 years lease. The land and building was held as a capital asset and income there on was offered as Income from House Property. The property cost was not recorded in the

the shopping center, and such revaluation difference was credited to the

limited company under PartIX of the Companies Act, 1956.

year of revaluation and should be chargeable to tax under section 28(iv)

chargeable to capital gains tax.

validity of section 28(iv), it upheld the order of the AOfor charging capital

company are two separate entities.

section 45(1) in absence of any consideration received by the assessee.

thus attract the provisions of section 45(1)?

• Section 47(xiii) was introduced with effect from April 1, 1999 to provide

transactions arenot exempted.



Photo taken at Mock Interview Session Participants

CA. Mahesh Madkholkar (Speaker) & CA. Unmesh Navekar (Past Chairman- Vasai Branch of WIRC) addressing the session on Mock Interview

CA. Mahesh Madkholkar (Speaker) A. Manish Hingar (Speaker) CA. Vinodchandra Vyas (Speaker)

CA. Nitesh Kothari (Vice Chairman, Vasai Br.) presenting bouquet to CA. Vinodchandra Vyas (Speaker)

CA. Bhanwar Borana (Secretary, Vasai Br.) presenting bouquet to CA. Manish Hingar (Speaker)



CA. Anu Agarwal

CA. Sandhya Upadhyay

CA. Shweta Jain

Ms. Bhuvana Ravisankar

CA. Srividya Ramakrishnan

Group taken photo taken at Conference Hall

Photo taken at the Picnic Spot Participants at the Conference



CA. Bhanwar Borana (Secretary, Vasai Br.), CA. Nitesh Kothari (Vice Chairman, Vasai Br.), CA. Pradeep K. Agrawal (Chairman, WICASA, WIRC of ICAI), CA. Ankit Rathi (Chairman, Vasai Branch of WICASA), CA. Dhiraj Kumar Khandelwal (Vice Chairman-BOS & CCM), CA. Vimal Agarwal (Chairman, Vasai Branch of WIRC), Chief Guest Shri. Narendra Mehta (BJP President of Mira Bhayander), Guest of Honour CA. Lovish Kumar (Joint Commissioner of Income Tax), CA. Kamlesh Saboo (Secretary, WIRC of ICAI), CA. Lalit Bajaj (Branch Nominee & RCM) & CA. Mukesh Sharma (Treasurer, Vasai Br.) at the dais.

Group Photo of Dignitaries taken at the National Conclave in the presence of Chief Guest Shri. Narendra Mehta, (BJP President of Mira Bhayander), Guest of Honour CA. Lovish Kumar (Joint Commissioner of Income Tax), CA. Dhiraj Kumar Khandelwal (Vice Chairman-BOS & CCM), CA. Kamlesh Saboo (Secretary, WIRC of ICAI), CA. Pradeep K. Agrawal (Chairman, WICASA, WIRC of ICAI), CA. Lalit Bajaj (Branch Nominee & RCM), CA. Priti Savla (RCM), Past Chairman of Vasai Branch:- CA. Pramod Dhamankar, CA. Dayaram Paliwal, CA. Ramanand Gupta, Committee Members of Vasai Branch-CA. Vimal Agarwal (Chairman), CA. Nitesh Kothari (Vice Chairman), CA. Bhanwar Borana (Secretary), CA. Mukesh Sharma (Treasurer), CA. Ankit Rathi (Chairman, Vasai Br. of WICASA), CA. Xavier Rajan, CA. Hemant Shah, CA. Sumeet Doshi and other eminent dignitaries.

CA. Rajesh Kotak (Convenor Vasai Virar CPE Study Circle), CA. Hemant Shah (Committee Member-Vasai Br.), CA. D. P. Revawala (Chief Judge), CA. Bhanwar Borana (Secretary, Vasai Br.), CA. Ankit Rathi (Chairman, Vasai Branch of WICASA), CA. Uttam Prakash Agarwal, (Past President-ICAI), CA. Vimal Agarwal (Chairman, Vasai Branch of WIRC), CA. Nitesh Kothari (Vice Chairman, Vasai Br.), CA. Mukesh Sharma (Treasurer, Vasai Br.) CA. Xavier Rajan (Committee Member-Vasai Br.) and WICASA Team at the dais.

CA. Ankit Rathi (Chairman, Vasai Branch of WICASA), CA. Xavier Rajan (Committee Member), CA. Mukesh Sharma (Treasurer), CA. Amarjit Chopra (Past President–ICAI), CA. Dhiraj Kumar Khandelwal (Vice Chairman-BOS & CCM), CA. Vimal Agarwal (Chairman, Vasai Branch of WIRC), CA. Bhanwar Borana (Secretary), CA. Nitesh Kothari (Vice Chairman), CA. Hemant Shah (Committee Member) & WICASA Team

Participants

Mr. Raghuveersinh B. Jadeja receiving Best Paper presenter Award

Ms. Khushboo Sanghavi receiving 1st Runner up Award Ms. Sarah Lucy Balasundaran receiving 2ndRunner up Award

National –



National –

on Motivational Member) on Information Technology

Second Technical Session chaired by CA. Unmesh Narvekar(Past Chairman-Vasai Branch) on Indian Economies

Third Technical Session chaired by CA. Amarjit Chopra(Past President-ICAI) Corporate Laws

Council Member) on Domestic & International Taxation Second Special Session chaired by CA. Kanu H. Doshi on HR Executives

Singhvi on Panel Discussion on Capital Market Valedictory Session chaired by CA. Uttam Prakash Agarwal(Past President-ICAI)



Mr. Prem Tiwari (Committee Member)Mr. Mukesh Keshari (Secretary)Mr. Lalit Sharma (Coordinator)

Mr. Hitesh Patel (Treasurer)Mr. Aditya Ranka (Committee Member) Mr. Devee Singh (Coordinator)

Ms. Rida Suse (Vice Chairperson)

Ms. Nidhi Palrecha (Committee Member)Ms. Akshita Agarwal (Committee Member) Ms. Kruti Patel (Coordinator)

CA. Narendra Bhambwani

CA. Rajesh Kotak

CA Hrudyesh Pankhania

CA. Abhishek Bansal

CA. D P Revawala

National –



CA. Mukesh Sharma (Treasurer, Vasai Br.) presenting bouquet to CA. Amarjit Chopra (Past President - ICAI)

CA. Sumeet Doshi (Committee Member –Vasai Br.) presenting bouquet to CA. Prafulla Chhajed (Central Council Member)

CA. Ankit Rathi (Chairman, Vasai Branch of WICASA) presenting Memento to CA. Uttam Prakash Agarwal, (Past President-ICAI)

CA. Vimal Agrawal (Chairman, Vasai Branch of WIRC) presenting Memento to CA. Amarjit Chopra (Past President - ICAI)

CA. Vimal Agrawal (Chairman, Vasai Branch of WIRC) presenting bouquet to Shri. Narendra Mehta (BJP President of Mira Bhayander)

CA. Ankit Rathi (Chairman, Vasai Branch of WICASA) presenting bouquet to CA. Lovish Kumar (Joint Commissioner of Income Tax)

CA. Mukesh Sharma (Treasurer, Vasai Br.) presenting bouquet to CA. Pradeep K. Agrawal (Chairman, WICASA, WIRC of ICAI)

CA. Bhanwar Borana (Secretary, Vasai Br.) presenting bouquet to CA. Kamlesh Saboo (Secretary, WIRC of ICAI)

CA. Xavier Rajan (Committee Member –Vasai Br.) presenting bouquet to CA. Lalit Bajaj (Branch Nominee & RCM)

CA. Xavier Rajan (Committee Member –Vasai Br.) presenting bouquet to CA. Nihar Jambusaria (Central Council Member)

CA. Hemant Shah (Committee Member –Vasai Br.) presenting bouquet to CA. Priti Savla (RCM)

CA. Vimal Agrawal (Chairman, Vasai Branch of WIRC) presenting Memento to CA. Dhiraj Kumar Khandelwal- (Vice Chairman-BOS & CCM)

National –



CA. Hemant Shah (Committee Member–Vasai Br.) presenting bouquet to CA. Kanu H. Doshi

CA. Ankit Rathi (Chairman, Vasai Branch of WICASA) presenting bouquet to Mr. Sumeet Bagadia (Associate Director at Choice Broking)

CA. Shweta Jain (Past Chairman-Vasai Br.) presenting bouquet to CA. Ganesh Iyer (Sr. Vice President-Kotak Life Insurance)

CA. Bhanwar Borana (Secretary, Vasai Br.) presenting bouquet to CA. Anil Bhandari (Central Council Member)

CA. Ankit Rathi (Chairman, Vasai Branch of WICASA) presenting bouquet to CA. Manish Gadia (RCM)

CA. Vimal Agrawal (Chairman, Vasai Branch of WIRC) presenting bouquet to CA. Anil Singhvi (Chief Editor of CNBC Awaaz)

CA. Unmesh Narvekar (Past Chairman-Vasai Br.) presenting bouquet to Shri. Anand Jha (Session Chairman)

Mr. Bhavani ShankarPareek

Mr. Sourabh M. Jain

Mr. Mallampalli Ruthvik

Ms. Pinal K Shah

Ms. Khushboo Sanghavi

Ms. Saher S Shaikh

Mr. Aniket Ramesh Jagnade

Mr. Ashutosh R.M.Shukla

Mr. Ayush ShaileshSharma

Mr. Nimish A.

Chodankar

Ms. Sarah Lucy Balasundaran

Mr. Owais Aslam

SargurohMr. Raghuveersinh

B. JadejaMr. Sarang

Pradeep RathiMr. Raj

Mukesh Khona

National –



To

Undelivered please return to :The Institute of Chartered Accountants of India,

Address: Amruta Building, Indralok Phase-II,New Golden Nest Road, Bhayander (East), Thane - 401 105.Telephone: 6556 8900.Email: [email protected]: www.vasai-icai.org

Editor: CA. Vimal Agrawal Published by Vasai Branch of Western India Regional Council of The Institute of Chartered Accountants of India and

Sun Mill Compound, Lower Parel, Mumbai 400 013. Tel. : 4036 4600

The views and opinions expressed or implied are those of the authors

and the publisher accepts no liability for loss or damage. Material in this publication may not be reproduced, whether in part or in whole, without the consent of Vasai Branch.

DISCLAIMER: The Vasai branch is not in any way responsible for the result of any action taken on the basis of the advertisement published in the Newsletter. The members, however, may bear in mind the provision of the Code of Ethics while responding to the advertisements.

CA. Amarjit Chopra (Past President - ICAI)

CA. Ganesh Iyer

CA. Unmesh Narvekar(Past Chairman-Vasai Branch)

CA. Anil Bhandari (Central Council Member)

CA. Kanu H. Doshi

CA. Uttam Prakash Agarwal(Past President-ICAI)

Mr. Sumeet Bagadia Shri. Anand Jha

CA. Anil Singhvi

CA. Nihar Jambusaria (Central Council Member)

CA. Dhiraj Kumar Khandelwal (Vice Chairman-BOS & CCM)

CA. Prafulla Chhajed(CCM)

National –

Documents

The Institute of Chartered Accountants of India – … for the month of...The Institute of Chartered Accountants of India – Vasai Branch of WIRC Newsletter 3 CREATIVITY WITH COMMITMENT