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1september 2016
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 ; WebTV : www.bcasonline.tv
Vice-President’s CommuniquéMy Dear Members,
As we enter into one of the busiest months of the year and try to complete deadlines relating to finalisation of audit, filings and other statutory obligations there are some important developments taking place all around which affect us all in some way or the other. From the last communication there have been notable developments that have taken place and shall have a great socio-economic bearing.
The first and foremost change that has taken place is of GST constitutional amendment finally becoming a reality and paving the way for introduction of GST in immediate future with the formation of GST Council also being approved by the Central Cabinet. The issues relating to rates of GST, subsuming of taxes, rights of Centre and State and such other issues shall now be in forefront of the economic and political debate till the final law emerges across the nation to realise the dream of “one nation, one tax”. Keeping the development in mind BCAS had organised two full day seminars on GST Law which saw participation of over 650 members in engaging discussion on the various aspects of the subject by learned speakers. Notable feature of these seminars was the active participation of our outstation members in large numbers. Since the Place of Supply Rules are at the heart of the entire concept of dual GST, the Society has organised an interactive lecture meeting on 3rd October 2016 “GST-Place of Supply Rules” by CA Bhavna Doshi at K C College.
At BCAS we have also made representation at Central as well as State level on various aspects of GST for the consideration of administrative authorities at different levels for better implementation of the proposed change. We also had a joint meeting with the Minister of Finance of State of Maharashtra to put across various issues that need consideration before the law is introduced at State level and the authorities have been very receptive to the suggestions made.
The next important change that took place after much speculations was appointment of new RBI Governor from 5th September, 2016. Few days ago the Reserve Bank of India (RBI) got its 24th Governor, Mr. Urjit Patel. He is an economist and the ninth economist who has been made the RBI governor. He and his predecessor Mr. Rajan are both PhD’s but from the West. They are therefore bound to view things differently, including their place in the government’s scheme of things. There are two permanent structural problems not solved by many governors, they being inflation and government. The latter is the biggest of all
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 Paranjpe9869074643 | [email protected]
Hon. Treasurer: Manish P. Sampat 98200 10064 | [email protected]
Vol. 19 n No. 06 n SEPTEMBER 2016
LECTuRE MEETiNGS
Speaker: CA. Bhavna DoshiSubject: GST – Place of Supply RulesVenue: K C College Auditorium, K. C. College, Churchgate, Mumbai Day, Date & Time: Monday, 3rd October, 2016, 6.00 pm*
Speaker: CA. Hitesh GajariaSubject: Transfer Pricing – Recent developments & controversiesVenue: BCAS Hall, 7, Jolly Bhavan No. 2, New Marine Lines, MumbaiDay, Date & Time: Friday, 11th November, 2016, 6.15 pm*
*(Fellowship over a cup of tea at 5. 45 pm)
*(Fellowship over a cup of tea at 5. 30 pm)
Seminar on Capital Management in Banks ..................... .............07.10.2016.............................................BCAS, Jolly Bhavan No.2, New Marine Lines .................. 04Mentoring Miracle Batch II ............................................................ ...............14.10.2016.....................................................BCAS, Jolly Bhavan No.2, New Marine Lines................... 20Experts Chat - Is BEPS Answer to Tax Planning? .................. ...............19.10.2016.....................................................BCAS, Jolly Bhavan No.2, New Marine Lines................... 0317th Intensive Study Course on DTAA..................3, 10, 17, 24 December 2016, 7, 14, 28 January 2017.......Gulmohar, BCAS, New Marine Lines .................................... 05Golden Jubilee Residential Refresher Course (GJRRC)....................19.01.2017 to 22.01.2017.........................ITC Rajputana Palace, Jaipur .................................................. 10Lecture Meetings………………..................................................……………............03.10.2016, 11.11.2016 ............................................................................................................................................ 01
PROGRAMMES AT A GLANCE DATE VENuE PAGE NO.
Watch, Like, Share, Connect with us @ BCAS Global
Speaker: CA. Rashmin Sanghvi in fireside chat with CA. Sushil LakhaniSubject: Is BEPS answer to Tax Planning? Venue: BCAS Hall, 7, Jolly Bhavan 2, New Marine Lines, Mumbai Day, Date & Time: Wednesday, 19th October, 2016, 6.15 pm - 8.00 pm
Experts Chat @BCAS
problems because it causes the inflation. Only a handful of governors have succeeded in taming the government and in turn inflation. To be a successful governor you need to be lucky with inflation and self-effacing with the government. Let us wish Mr. Urjit Patel all the best in achieving equilibrium between the two!!
5th September is also celebrated as Teachers Day. For a student of the CA course, Articled/ Practical Training is the core to his curriculum and is its back bone. The Principal of any Articled Trainee is the most important Teacher for a CA student. Apart from academics, as the Principal, he imparts practical training on various areas such as auditing, law, accounting, management among others. Besides he also teaches inter personal skills, guides for career growth and grooms articles to be an all rounded professional. The articled training is probably the only phase where a student has the same teacher for 3 years! The Principal teaches finer and applied nuances of the profession and ensures that his articled trainees succeed in life by passing exams and become
2 september 2016
(Continued from page 1)
worthy chartered accountants. At BCAS it is our endeavour to groom the students through various programs throughout the year.
As we try to beat the deadline of completing the audits and tax filing obligations for our client one of the major change that has been a challenge of sorts is “Internal Controls over Financial Reporting” (ICFR) for medium, small and non-complex entities. The Accounting and Auditing Committee of the BCAS has come out with a well-timed Handbook for Private Companies and their Auditors and I am very sure this will help in complying with the implementation and reporting requirements of both the auditees and auditors. On similar lines the ICAI has come up with “Implementation Guide on Audit of Internal Financial Controls over Financial Reporting with Specific Reference to Smaller, Less Complex Companies”. This will go a long way in helping the members in discharging the onerous responsibility in much better manner.
With the excellent response to the first fireside chat last month, BCAS is happy to announce the next Experts Chat @BCAS “Is BEPS Answer to Tax Planning?” on 19th October 2016 where CA Rashmin Sanghvi will be in a fireside chat with CA. Sushil Lakhani
As a part of social cause we at BCAS had organised Blood Donation drive on 27th August where 56 members/family members donated blood. The Drive was carried out successfully with help of the team from Tata Memorial Hospital. At BCAS we are thankful to all the members who donated blood or expressed their desire to donate blood as also the team from Tata Memorial.
There is also an unexpected breather provided by the tax department for filing the Returns of Income and Tax Audit Reports which are due on 30th September as the due dates for filing the same and declarations under the window of Income Declaration Scheme are falling on the same day. The date for filing ITR & TAR now stands extended to 17th
ALL THE THREE CLiNiCS WiLL BE HELD iN THE LiBRARy OF THE SOCiETy
RiGht to infoRmAtion CLiniC
ChARitABLe tRuSt CLiniC
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 17th, 24th September 2016 and 1st, 8th, 15th and 22nd October 2016. Please call to obtain a prior appointment.
The next Charitable Trust Clinic will be held on Friday, 7th October 2016 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.
ACCountS & Audit CLiniCAdvisory Panel : CA. Sanjeev R. Pandit, CA. Himanshu V. Kishnadwala, CA. Jayesh M. Gandhi Clinic Co-ordinator : Mrs. Madhuri Haware – 61377613 The next Accounts & Audit Clinic will be held on Saturday, 1st October 2016 from 4 pm to 5 pm.
Persons interested in having their queries pertaining to accounting and auditing issues resolved are requested to send the queries by e-mail to [email protected] one week in advance and call to obtain prior appointment, at least a day before the day of the clinic. Please note that the panel will not answer any queries pertaining to tax issues.
October, 2016. The government and tax department have been working very hard to make the IDS successful.
Friends one continues to hear about the pace of change more frequently nowadays in professional as well as social circles. We are living in an age where what is true today may not hold well tomorrow. The pace of change in technology is second only to the speed of thought nowadays and coupled with ease of access to information, this has definitely made economic sphere more open and transparent for one who wishes to plunge and take risks. This also brings about high redundancy levels for humans as well as organisations. What has stood through the tide and time of centuries may well be washed away in a wave coming in unpredictably. This in a way has led to reduction in span of highs and lows of business cycles. One has to continuously keep on changing the manner of one’s processes of thinking, working, planning, positioning, serving to survive in the maddening pace of life and work which many of us are unaccustomed of. One cannot achieve anything by resisting the change or its harbingers for change is the only constant and adaptability has been the hallmark of human species in its race for survival. At BCAS it has been our constant endeavour to keep the members attuned to the changes taking place by holding timely seminars, events and by way of publications in sharpening their professional skills so as to meet the challenges of change successfully.
Wishing you and your families Happy Dushera in advance
I will be happy to receive your feedback and suggestions on [email protected]
With Best Regards
narayan Pasari
3september 2016
ExpErtS ChAt @BCAS
“IS BEpS AnSwEr to tAx plAnnIng?”
Jointly with
international Taxation CommitteeChairman: CA. Gautam S. Nayak, Co-Chairman: CA. Mayur B. Nayak
Convenors: CA. Deepak N. Kanabar, CA. Gaurang V. Gandhi, CA. Rutvik R. Sanghvi
Dear Members,
The recent news on international tax arena is known to all. The European Commission ruling; that a sweetheart tax deal between Apple and the Irish tax authorities amounted to a huge implication of taxes. As a result of which Ireland has been asked to recover from Apple Euro 13Bn plus interest.
Google has also done pretty well at avoiding taxes on foreign profits. Nearly 53% of company profits come from overseas, which would be a hellacious tax bill if it ever came completely due. Google has managed, through a deft series of overseas subsidiaries and tax havens, to shave $3.1 billion off its tax bill over the past three years.
These are just a few cases we have heard of recently. What is the story behind them and how has BEPS and Equalization levy taken shape as anti-avoidance measures in the field of International taxation? What will be the effects on: indian taxation, foreign investors’ corporate structuring etc.?
Well, we can enhance our preview and understand some key aspects on 19th October 2016 at an interactive chat with CA. Rashmin Sanghvi along with CA. Sushil Lakhani.
The chat will be followed by an interactive session with the audience. CA. Rashmin Sanghvi will share his vast knowledge in the area of international taxation with case studies and answer questions of the attendees on the emerging complexities in the field of international tax. The details of the program as follows:
Day & Date Wednesday, 19th October 2016
Time 6.15 p.m. to 8.00 p.m.
Speakers CA. Rashmin Sanghvi in a fireside chat with CA. Sushil Lakhani
Venue 7, Jolly Bhawan No. 2, Opp. Nirmala Niketan, Sir Vithaldas Thackersey Marg, New Marine Lines, Mumbai-400 020
Topic “is BEPS answer to Tax Planning?”
The session will be followed by Q & A. Members are requested to occupy their seats well in advance. Members can also send their questions at [email protected]
Please make it convenient to attend this meeting and actively participate.
4 september 2016
hAlf DAy SEmInAr on CApItAl mAnAgEmEnt In BAnkS unDEr BASEl III frAmEwork
Basel-III framework is framed to improve the quality and level of the capital leading to banking sector’s ability to absorb shocks arising from financial and economic stress. While Banks are mandated to maintain sufficient capital levels in view of increasing regulatory expectations, their role to support credit growth is manifested in the overall economic development. The seminar shall deal with – “How do Banks manage both these requirements?”
The seminar is designed for Bank’s senior officials from Finance and Capital management, Credit risk, Risk management, Internal audit and Compliance departments; Central Statutory Auditors of Commercial Banks and senior officials from Central Bank undertaking Supervisory Review and Evaluation Process (SREP) and Risk Based Supervision (RBS).
Day & Date Friday, 7th October, 2016
Time 2.30 p.m. to 6.30 p.m.
Venue BCAS Conference Hall, 7, Jolly Bhavan No. 2, New Marine Lines, Mumbai 400020
Fees ` 1200 (On or before 30th September 2016)` 1500 (After 1st October 2016)(Inclusive Service Tax, Snacks, Course Materials & ` 50 towards BCAS Foundation)
Topics Session Coverage Speakers
Session I: Basel III Framework
• OverallBaselFramework&CapitalDemandandSupplyRequirements under Basel-III (Minimum Capital Requirements)
• Key/New/AdditionalrequirementsunderBaselIIIFramework(incl.new Capital Adequacy ratios, Leverage Ratio, LCR, NSFR, Counter-Cyclical Capital Buffer, Capital Conservation Buffer)
• Pillar-IIIDisclosures• KeyChallengesaheadunderBasel-IIIformanagingCapital
Demand/Supply/CapitalIssuance/CapitalRaising• CapitalPlanningStrategies• ImpactofCapitaloverBank’sCreditRisk&ROCE
CA. P. Sitaram,Executive Director – iDBi Bank
Session II - Regulatory Expectations under Supervisory Review and Evaluation Process (SREP)
• OverallSREPProcess• RegulatoryExpectationsfromBanks• EmergingtrendsfromSupervisoryReview• RiskBasedSupervision
Mr. S. Prabhakar, General Manager, in-charge of Risk Based Supervision in Reserve Bank of india (RBi)
Session III – Panel Discussion (1) CA. P Sitaram, Executive Director – iDBi Bank(2) Mr. S. Prabhakar, General Manager, in-charge of Risk Based
Supervision in RBi(3) Mr. Alok Tiwari, CEO-Aptivaa Consulting Solutions Pvt. Ltd
Corporate & allied laws Committee Chairman : CA. Kanu Chokshi
Convenors: CA. Kinjal Shah, CA. Manish Reshamwala & CA. Preeti OzaProgramme Co-ordinator: CA. Manish Reshamwala
5september 2016
17th IntEnSIVE StuDy CourSE on DouBlE tAx AVoIDAnCE AgrEEmEnt
• BCAS’flagshipstudycourseonDTAAisveryusefulforanyprofessionalaspiringtopracticeinternationaltax• Indispensablefornewentrantstothefield;• PractitionerscanupdatethemselveswiththelatestdevelopmentsonDTAA/InternationalTax.
The 17th batch of the Intensive Study Course on ‘Double Tax Avoidance Agreement’ (DTAA) would be held from 3rd December 2016 to 28th January 2017.
Day & Date To be held on Saturdays3rd, 10th, 17th and 24th of December 2016; 7th, 14th and 28th of January 2017.
Time 9.00 a.m. to 6.00 p.m.
Venue Gulmohar, BCAS, Jolly Bhavan No.2, New Marine Lines, Mumbai – 400020
Fees Early Bird till 2nd November 2016 After 2nd November 2016
Member Non Member Member Non Member
` 9,250 ` 10,975 ` 11,550 ` 13,275
• LecturestakenbyexpertsinInternationaltax• Practicalandinformative.• Around28lecturesinallcoveringeacharticleofDTAA.• SpecialemphasisonfeatureslikeForceofAttraction,MostFavouredNation,GAARandTriangularCases• BasedontheUN/OECDModelDoubleTaxConvention.• Classroomstylelearning
Test on completion of the course.
international taxation CommitteeChairman: CA. Gautam Nayak
Co-Chairman: CA. Mayur NayakConvenors: CA. Deepak N. Kanabar, CA. Rutvik Sanghvi, CA. Gaurang Gandhi
Workshop Co-ordinator: CA. D. S. Sharma
gSt thE gAmE ChAngErIt is said that GST will be a game changing reform for Indian economy by developing a common Indian market and reducing the cascading effect of tax on the cost of goods and services. It will impact the Tax Structure, Tax Incidence, Tax Computation, Tax Payment, Compliance,CreditUtilization andReporting leading to a completeoverhaul of the current indirect tax system.GSTwill have a farreaching impact on almost all aspects of the business operations in the country, for instance, pricing of products and services; supply chainoptimization;IT,accountingandtaxcompliancesystems.TheGovernmenthasalreadyplacedinpublicdomainthedraftModelGST Law (prepared by Empowered Committee of State Finance Ministers), and, the reports on GST business processes in respect of Registration, Returns, Payment of Tax and Refunds, etc., have already been released earlier.
The Model Law has been ratified by atleast half the States in their respective legislative assembly and finally received the President Ascent on 8th September 2016.
Since the time the Model GST Law has been out, the Society has been making representations to the Government at various forums. BCAS was invited by Deputy Commissioner (GST), CBEC, Ministry of Finance, North Block, New Delhi on 18th August for an interactive session on the Model GST Law. BCAS has also made representation on the Model GST Law to Maharashtra Finance Minister Shri Sudhir Mungatiwar on the 7th September 2016.
The representations made are available on our website www.bcasonline.org. Here is the Link https://www.bcasonline.org/resourcein.aspx?rid=378
TheSocietyconducted2fulldaySeminaronGSTwhichreceivedtremendousresponse.UpcomingalsoisalecturemeetingScheduledon the 3rd October 2016 which will be an interactive session on GST- Place of Supply Rules by CA. Bhavna Doshi at K. C. College Auditorium. Looking forward to see you there.
6 september 2016
7september 2016
BCAS founDAtIon
The BCAS Foundation was formed on 23rd may 2002 and is registered as a Public Charitable Trust under
Bombay Public Trust Act, 1950 and is also registered under Section 12AA of Income-tax Act. The principal
activity of the Foundation is to apply its income and the corpus to various public charitable purposes
such as relief of poor, education, medical relief, rural development and other object of general public
utility. BCAS Foundation has always been a pioneer in funding projects on disaster management in the
country. It had undertaken the task of rebuilding the schools destroyed by various natural calamities.
The initial rebuilding of school after the Gujarat earth quake was undertaken by BCAS as at that time
BCAS Foundation was not in existence. The BCAS Foundation had undertaken the task of rebuilding of
school at puducherry which was destroyed by tsunami, rebuilding of Subhashnagar School in
gopeshwar at uttarakhand which also received the award from huDCo. For the Chennai floods it
has donated `5 lacs to ramakrishana math for participating in school building construction by them.
The BCAS Foundation regularly participates with the Dharma Bharati Mission in its project “Chalo
English Sikhaye” which was started in the year 2010-11 and contributes in teaching conversational
English and imparting values to children from vernacular medium schools and Municipal schools. All
most 20 schools (mostly vernacular medium schools) are covered by this project during 2015-16.
One of the major activities of BCAS Foundation today is the rtI Clinic. Late Mr. Narayan Varma who
was an active RTI activist and one of the founder trustees of the Foundation was vigorously pursuing
this activity. BCAS has been organising regular RTI clinics at its premises since many years providing
freeguidancetoanycitizen,intendingtomakeaRTIapplication.the rtI Clinic operates on Saturdays
from 11 a.m. to 1 p.m.Volunteers,MrsHemaSampatandMrKamleshShahregularlycomeandprovide
guidancetocitizens.Citizenswhoparticipate in theclinic feel that theguidancewasgoodanduseful.
Various people put forward their queries and find that the meeting with the co-ordinators are satisfying
and informative.
The BCAS Foundation has also been a supportive of the Go Green initiative and since past few years
has taken up the tree plantation program at Dharmpur District, Valsad - Gujarat. Like every year this
year too the program received excellent response and trees were planted for captive plantations on the
farmer’s field which would generate income for them in future.
On 27th August 2016 BCAS Foundation organised Blood Donation Drive jointly with Tata Memorial
Hospital which received a good response. We whole heartedly thank all people who came forward to
participate in this noble cause and also the team of experts from Tata Memorial Hospital for their time
and efforts.
8 september 2016
9september 2016
10 september 2016
11september 2016
Enrolment form overleaf......
12 september 2016
13september 2016
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.
TheApplicationcumUndertakingformforthesaiduseisgivenbelowandsoftcopymaybedownloadedfromtheBCASWebsite.
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 reverse 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 Deposit
Receipt no: ……………………......................................................................................................…… Date: ……………. Amt. `.……………….....Towards Hire charges
Date: ………… Prepared by Verified by
14 september 2016
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 atnominalcost/charge.Thecurrentchargesareasunder,tillanyrevision:
a. Aboveratesaresubjecttoservicetax/GSTasapplicable.
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/softhevisitor/stotheBCASHallwillnotbepermittedtobeparkedintheJollyBhavanSocietypremises.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(Onceperslot) Tables
Chairs
Facilities not included
Food & Other Beverages Handouts, photo-copy, folders, stationery
Computers and Laptops.
Strictly,nocooking/heatingispermittedinsidetheBCASpremises.Onlypackedfoodcanbeserved.
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
15september 2016
BOMBAy CHARTERED ACCOuNTANTS’ SOCiETy
Staff Contact Details
Sr. No Name Role Email iD Direct Line
1 Ms. Mamta VarmaMember Relations Executive
Membership, Imprest, Publications and Online Payments
[email protected] 61377616
2 Mr. Prathamesh RavatMember Services & Development Assistant
Membership , Imprest, Publications and Online Payment [email protected] 61377620
3 Mr. Manoj Lokhande, Front Desk Executive
Enrollments and Collections [email protected] 61377629
4 Mr. Prakash Palsamkar, Front Desk Executive
Enrollments and Collections [email protected] 61377629
5 Mr. Javed Siddique, Events Manager Co-ordinator for Lecture meetings, Seminars, Workshops & Residential Courses
[email protected] 61377607
6 Mr. Bilal Ansari, Asst. Event Manager Co-ordinator for Lecture meetings, Seminars, Workshops & Residential Courses
[email protected] 61377604
7 Ms. Reema Pawar, Events Executive Co-ordinator for meetings and study circles at BCAS office
[email protected] 61377605
8 Mr.V.K.Sharma, KnowledgeManager
Journal & Newsletter Production [email protected] 61377619
9 Ms. Madhuri Haware, Asst.KnowledgeManager
Journal & Newsletter Production [email protected] 61377613
10 Ms. Rathi Nair, Secretary to President Executive Assistant [email protected] 6137761211 Mr.UpendraHisaria,OfficeManager General Office Administration [email protected] 61377611
12 Ms. Jyoti Malkani, General Manager Escalations and all other matters not mentioned above. [email protected] 61377602
rEnEwAl of BCAS mEmBErShIp / JournAl SuBSCrIptIon 2016- 17
MEMBERSHiP / JOuRNAL SuBSCRiPTiON
DuE FOR RENEWAL
FOR 2016 - 17
PLEASE RENEW yOuR MEMBERSHiP /
SuBSCRiPTiON AT THE EARLiEST TO AVOiD
CANCELLATiON
REMiT yOuR MEMBERSHiP/ SuBSCRiPTiON
By CHEquE / DEMAND DRAFT FAVOuRiNG
‘BOMBAy CHARTERED ACCOuNTANTS’
SOCiETy’ PAyABLE AT PAR iN MuMBAi OR
NEFT
PLEASE quOTE yOuR MEMBERSHiP NuMBER
/ SuBSCRiPTiON NuMBER
ENSuRE yOu RECEiVE THE BCA JOuRNAL
WiTHOuT iNTERRuPTiON
16 september 2016
17september 2016
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. SimilarlyVideos, Photos, Announcements etc. related to Past/ForthcomingEvents&Monthly updates in respect of President’s/Vice-President’sMessagearealsouploadedonBCASSocialMedia.YoucanviewalltheBCASUpdatesthroughthefollowinglinkscreated 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.
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:ThesearethecircularissuedbyICAI/RBI/GovernmentofIndia/GovernmentofMaharashtraetc.
11 Representations:Representationsarethepartoftheescalations/grievances/suggestionsetc.ontheCirculars/Notificationsissued 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/OtherSubscriptions/BCASHalletc.
14 Careers: This is the placement portal for organisations for their manpower requirements
15 Seminar & Course Materials:Thislinkcontainsthepresentations&study/coursematerialondifferenteventsheldbyBCAS.
16 News & updates:News&Updatesarethesourceoflatestinformation&updatesonBCASActivities.
• E-Journal: Monthly E-Journal is the reflection of hard copy of the Journal printed & dispatched to the Members & Journal
Subscribers on Monthly basis.
•WebTV: WebTV is the online portal to watch past event videos online.
• Social Media
1. Facebook:AlltheForthcoming/PasteventsPhotos&Announcementsarepostedhere.
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 below mentioned
LinkedIn groups for your independent views.
BCAS - Domestic Taxation, BCAS - international Tax, BCAS - VAT, BCAS - infotech for Accountants, BCAS - Practice Management
BCAS - XBRL, Global Chartered Accountants, BCAS - Service Tax, BCAS GST, BCAS - iFRS
Make use of the above links on our website to get latest updates.
18 september 2016
104 BOMBAY CHARTERED ACCOUNTANT JOURNAL JULY 2016
516 (2016) 48-A BCAJ
MEMBERSHIP FEES FOR FY-2016-17Amount in `
One time YearlyLife Membership 10000*Life Membership with Journal 10000* 1200Journal Subscription 1200
Ordinary Membership Fees(including Journal Subscription)
ICAI Member on or after01-04-2012
ICAI Member prior to
01-04-2012Amount in `
Entrance Fees 500* 1000*Annual Fees 1500* 1500*
Student Membership Fees Amount in `
1 year 2 years 3 yearsFees include e-journal, web TV subscription, 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
19september 2016
subscribe now!!!Lecture Meeting on Experts Chat@BCAS – Sharing
Insights on “Winning in the Global Marketplace” by Lee Frederiksen Ph.D in a fireside chat with Mr. Nishith Desai, held on 23rd August 2016, is available on BCAS Web TV.
BCAS WEB TV
Payment can be made by cheque/DD payable at par in Mumbai in favour of ‘Bombay Chartered Accountants’ Society’. You can also pay by cash/credit card at the payment counter of BCAS Office. If you have an Imprest Account, then you can instruct us to adjust the subscription through the Imprest Account. The rates are subject to change based on notification from time to time.
Particulars Total Charges*
Ordinary, Life and Associate of Corporate Membership R 690
Journal R 690
Non-members R 690
Students WEB TV service complimentary with annual subscription.
*Inclusive of Service Tax.
20 september 2016
21september 2016
22 september 2016
23september 2016
24 september 2016
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
bine
d En
rolm
ent F
orm
SeminarCapital Management in Banks under Basel III Framework......................07.10.2016..................On or before 30th September 2016.......... R1200.... . . . . . After 1st October 2016...... R1500.......
Double Tax Avoidance Agreement..............................3, 10, 17, 24 December 2016, 7, 14, 28 January 2017 ....Till 2nd November 2016 : Member : R9250...... Non Members : R10975....
After 2nd November 2016 : Member : R11550.... Non Members : R13275....
Study Course
BCAS Study Circles 2016–17
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%
