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IMPORTANT DATES : > Physical Return of VAT &CST for month /quarter ended Dec. : 28/01/2012      > Audited Accounts for F.Y. 2010-11 for Tax Audit Cases. : 28/01/2012      > Issue of TDS/TCS certificate for quarter ended Dec. : 30/01/2012      > TDS returns for Dec Quarter for Govt. deductors : 30/01/2012      > Returns by banks for interest upto Rs.5000 for Dec quarter : 31/01/2012      > Deposit of balance VAT & CST for Dec quarter. : 31/01/2012      > Return of VAT for Dec quarter. : 31/01/2012      > MVAT Audit Report for FY 2009-10. : 31/01/2012     

WIRC awarded Vasai Branch with Highly Commendable Performance Award for 2010 in Large Category Branches 

FROM CHAIRMAN’S DESK

 

  

 
Dear Members,
 
The cool winter breeze have finally begun after a long wait…and it’s a fantastic time to wish Merry Christmas to all our friends.. and also pray for a wonderful and prosperous year 2012 for all of us.
 
November and December were fun packed and knowledge building landmark months of Vasai Branch. The Youth Festival which was a special event from 23rd to 27th of  November was designed mainly for our CA students with an aim to alleviate them from exam fatigue & promote upcoming talents and creativity was a Fantastic event with the joyous support and competitive spirits of our CA students. The event included various indoor and outdoor games, competitions & cultural Programmes. The special presentations created by the Vasai hostel students was indeed a marvelous effort by them and the effects of these spectacular slide arrangements would always linger in the minds of the viewers.  The finale of this youth festival along with the awards presentation ceremony was graced by the presence of our Regional Council Members. All the dignitaries blessed the upcoming youth CAs and guided them in various ways so as to achieve their final aim of becoming a Chartered Accountant.  
 
The Vasai Branch has already geared up for organization of GMCS batches in the Vasai hostel so that our Vasai Hostel students get training in the vicinity of their place of stay without a need to travel at a distance.  
 
The Vasai branch conducted a Mock CPT on 4th of Dec and the response from students was very encouraging. I wish All The Best to all the new students opting CA as a profession and appearing exams on the 18th of Dec 2011.
 
The Seminar on Construction Industry was an enriching experience to the participants & the gracious presence & keynote address of the Commissioner of Income Tax (Appeals) Shri R. K. Paliwal added a special flavor to it. The comprehensive address of the eminent speakers CA Vimal Punamiya, Advocate Sunil Ramani and CA Rajiv Luthia on the topics were well appreciated by all.
 
The Lecture meeting by Solicitor Praveen Veera on Conveyance jointly with Chamber of Tax Consultants, Mumbai was a magnificent oration highlighting on the details of conveyance. This joint event by Vasai Branch of ICAI & Chamber of Tax Consultants is seen as a beginning of new era of professional interactions between these two professional bodies in this area.
 
One more high point program was the Mega Conference on Information Technology organised by the Committee for Capacity Building of SMP ICAI & hosted by Vasai branch. This conference was unique in itself as it was specially designed with an aim to perk up the operational competence and value addition for small and medium practitioners with the use of updated and latest technology. This conference was specially designed as an informative session so as to make CA offices techno-savy. Numerous focused topics were covered in this two day conference. The feedbacks in the form of appreciations received from many members after this conference reveals its grand success.
 
I forward my heart filled thanks to the Chairman CCBCAF & SMP, CA Vijay Kumar Gurg & the Vice-Chairman CCBCAF & SMP, CA Atul Bheda for giving the Vasai branch this opportunity to hold such a great event. I also express my hearty thanks to CA Sanjeev Maheshwari, CCM for addressing at the conference & giving insight about the various initiatives of the ICAI for Small CA firms. A special thanks to CA Haresh Mehta, CA Ashwin Dedhia & other co-ordinators for designing this unique event & making it successful.
 
As we are approaching towards the end of Year 2011, we have organized some more seminars so as to comply the CPE compliance of many of our chartered friends. In row are events like Seminar on Emerging Trends in Internal Audit jointly with Internal Audit Standards Board of ICAI on 18th December and seminar on Project Finance on the 25th Dec, 2011 are a knowledge bonanza for our members. I appeal all my dear colleagues to avail this opportunity and enrich your knowledge by gracing the event with your presence.
 
As a social responsibility a unique program with regards to the Role of CA’s in Rural Development will soon be held by Vasai branch highlighting the catalyst role of CA’s in rural and agricultural development.
 
Last but not the least I once again WISH YOU ALL A MERRY CHRISTMAS AND A HAPPY NEW YEAR !!
 
                                 A MAN OF TRUE VALUES ACHIEVES TRUE SUCCESS
 
With warm regards
 
 

 CA Unmesh Narvekar

 

What's New

27/01/2012

Get Your Firm Status Updated by 31.01.2012 for Empanelment with C&AG and Bank Branch Auditors’ Panel

25/01/2012

Exemption to Limit of 200 sms in Some Cases

24/01/2012

Date Extended for Filing Returns of the Tax Period December, 2011and Third Quarter

Tax Implication of Purchasing a Property Abroad

RBI Cuts CRR by 50 bps Effective January 28

23/01/2012

Cos May Have to Disclose Source of Funds Coming Via Pref Allotment

Vodafone Judgement: What it Means to Each Stakeholder

Post SC Verdict, Govt. to Clamp Down on Mauritius Deals

 

21/01/2012

Vodafone Wins Rs. 11,000cr Tax Case in: SC

20/01/2012

Intelligence Unit Tracks 60 Big Tax Evaders, Crackdown Next

Half of Indian Biz Unaware of New Accounting Standards: Survey

Buyback Booster For Small Investors

19/01/2012

 I-T dept’s Drive to Verify High-Value Deals From Friday

Now, ID Proof Mandatory for AC Class Passengers

Clarification Regarding Number of Tax Audit Assignments Under Section 44AB

18/01/2012

Special Drive For Verification of High Value Transactions

RBI Allows Banks to Let Hedging in Commodities

GST Rollout Unlikely in this Budget Session

Gold, silver to Become Costlier as Government Changes Duty Structure

Sebi Cut the Timeline for Completion of Buy Back of Shares by Listed Companies to 34-44 days

17/01/2012

IRDA Asks Agent Training Institutes to Register as Cos 

Reward for Information on Indirect Tax Defaulters

13/01/2012

Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Foreign Countries

12/01/2012

Order- D Vat-51Extension & Arrangement

DUAC Proposes Easier Building Bye-Laws 

Are You Going to Purchase Pre-packed food Item?

11/01/2012

Get Set to Pay Taxes on New Services 

Sebi Gives Minority Investors More Space in Buyback Offers

100% FDI in Single-Brand Retail Notified

Bankers Must Disclose Record of Public Issues: Sebi

Follow These Rules Before Buying a Cover

Mumbai Cops Offer Lessons in Book Keeping to India Inc

10/01/2012

Extends the Date of Submission of Half Yearly Return

Defining Basic Wage to Determine Your Employer’s Contribution to PF

Taxability of Home Loans and Income From Property Changes Under DTC

State FMs Nod to Negative GST List

Jewellery in Branded Packs to be Taxed Too

Centralised Processing of Returns Scheme, 2011

09/01/2012

Can't Deduct Rent of Staff Who Refuses Govt. Accommodation

07/01/2012

Prepaid Users to Get Call Details

06/01/2012

SEBI launches India’s first KYC Registration Agency

05/01/2012

Prerequisite Software for E-filing at MCA Website

Govt. Makes Hallmarking of Gold Jewellery Mandatory

Press Note : Simplified Scheme For The Refund of Service Tax

Clarification on Interest Rates on Small Savings Schemes : Ministry of Finance

04/01/2012

Service Tax on Freight in Abeyance Till March 31

Now, Nearest Police Station a Click Away 

Sebi Creates Two New Routes For Sale of Shares

Suspicious Third-party Motor Claims Under Irda Scrutiny

03/01/2012

General Amnesty For Retrospective Restoration of Names From Register of Members and Certificate of Practice

To Cut Graft, MCD to Clear all Building Plans Online

RTI: Babus Pull a Chameleon Act 

Policy on Mobile Governance and E-authentication Soon

Weigh DTC Provisions while Choosing Tax Saving Instruments

Money Seized in I-T Searches can be Set off Against Advance Tax

02/01/2012

Switching Banks Without Changing A/c Number Soon

Foreigners Get Easy Access to D-St

Relief For Cos Suffering From Forex Losses

Foreign Tax Wing Gets Extra Staff to Fight Black Money

Lawyers May Have to Train in Remote Areas to Get Licence

Extension of Last Date For Compliance of CPE Hours For Practicing CAs

30/12/2011

Non-residents Can Now Hedge Currency Risk With Banks

Extension of Date of Submission of Service Tax Half Yearly Returns

28/12/2011

With a Killer Debut, NHAI Bonds Set to Raise Rs 10k cr

28/12/2011

 Banks to Issue CTS 2010 Std Cheques From Apr 1

Black Money Panel Suggests Amnesty Scheme

Now, you can insure marriage against losses!

Private Company Can Call Annual General Meeting (AGM) Anywhere in the World

27/12/2011

Banks Can't Charge for Account Closure

Empanelment of Charted Accountant Firms for the Year

Smaller Jewellers, Excise Dept Fight Over Branded Jewellery

Despite Delays,  Delhiites Seek No Compensation

26/12/2011

Govt. of India Extends Central Scheme of Interest Subsidy on Education Loans

Income Tax Dept to Reopen Returns

No Increase in Income Tax Raid and Survey in Current Financial Year

24/12/2011

Online Public Search of Trade Marks Before Incorporation of Company

How to Increase Your Health Insurance Cover

23/12/2011

RBI Removes Cap on Mobile Transaction

Govt. Okays Bill for E-delivery of Services

South Delhi Passport Center Shuts Down

20/12/2011

Comments/Suggestions For Future XBRL Implementation

Govt. Mulls New Corporate Governance Guidelines

Parliament Passes Bills on CAs, Company Secretary and Cost Accountants

Delhi's Houses Set to Get Taller, Can go up to 12 Floors 

19/12/2011

Companies Bill 2011: Right intent, but will it deliver?

SEBI Wants Listed Cos to be Ethical, But no Policing 

17/12/2011

Documents For Service Tax Registration

16/12/2011

CLSS 2011 extened upto 15-01-2012

DIN4 for PAN to be filed upto 29-02-2012.

Cos Must Offer Exit to Dissenting Shareholders

Sebi Tells Intermediaries Not to Outsource Core Work

Attention Employers of Educational and Medical Institutions

Draft Bank Branch Auditors’ Panel for 2011-12

15/12/2011

Companies Bill tabled in Parliament; Retains 2% CSR spend

How to Settle a Card Row and Save Your Credit Score

With a Good Credit Score, You can Bargain for Better Loan Terms

Fixed-Rate Home Loan From HSBC

New Bill: Room for More Women in Boardroom

14/12/2011

MCD Extends Amnesty Plan Till March 31

Why Buying a Policy Online Makes Sense

Money Laundering Law Set to Cover Realty Agents, Jewelers

Pay By Cheque, Not Cash: Labour Dept

13/12/2011

RBI Limits Banks’ Investment in Non-Financial Services Firms

Make Your Current Tax Plan Direct Tax Code-Ready

12/12/2011

MCD Plans to Increase Tax Relief for Ex-servicemen

State Govts Turn to Pension Funds, PF to Raise Money

Bankers See Stable Lending in Near Term

10/12/2011

Updating of Income Tax PAN details in MCA21 DIN DATA

09/12/2011

Next Year: Register Marriage or Get Fined 

HC Rules Transfer Pricing Officers Can't Take Up Cases on Own

Attention Builders, Contractors, Developers etc.

07/12/2011

Floating a Trust May Help You Earn Goodwill & Get Tax Benefits Too

Noida Banks Look For New Sites as Owners Issue Notice

06/12/2011

 Insertion of Rule 40BA and Form No. 29C in Income-tax (Ninth Amendment) Rules, 2011

The New Scenario for Buying Stocks or MFs

Audit Firms Hire More as Cos Step up Fight Against Fraud

Small Savings Schemes: How DTC May Alter Their Taxability

From Next Year, Register Your Property Online

03/12/2011

Give Details of All Welfare Schemes,SC Tells Govt.

Sebi Releases Norms For KYC Registration Agency

No Tax on Selling House Jointly Owned With Spouse

02/12/2011

Big Telcos Want Spectrum Auction to Avoid TRAI Price

Govt. Sets up 11-Member Panel of Spokespersons

01/12/2011

Will RBI Push the Pause Button on Rate Cuts Now ? 

Financial Advisors Find Draft Sebi Guidelines Confusing


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

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Updated Till : 28/01/2012
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