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IMPORTANT DATES : > E- Return of VAT for Jan : 25/02/2012      > Deposit of VAT & CST Tax for Jan : 25/02/2012      > Return of PF for Jan. : 25/02/2012      > Physical Return of VAT &CST for Jan : 28/02/2012     

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

 

FROM CHAIRMAN’S DESK

 

  

 
 
Dear Members,
 
Lots of wishes to all my dear members & students for a fabulous 2012… May God shower lots of love and blessings on you throughout the year. The time has again come to lay and achieve professional aims and targets. 
 
The month of December was full of activities. Seminar on Emerging trends in Internal Audit jointly with Internal Audit Standards Board of ICAI was a grand success. The highlights of the seminar were speeches and valuable guidelines given by eminent speakers like CA Rajkumar Adukia, (CCM) & also Chairman of IASB, CA Anil Bhandari RCM, CA Jayant Mavlankar and CA Narayan Mantri.
 
Seminar on Project Finance was indeed a knowledge bonanza for the participants. Various latest topics relating to the upgraded and recent changed scenario in project finance were efficiently discussed and explained by dignitaries. I hereby take the opportunity to forward my heartiest thanks to Shri Sanjeev Patial – Dy. General Manager SIDBI Western India incharge, Shri Yashpal Gupta (General Manger IDBI Bank), Shri Sanjeev Vivrekar (CEO Stock Holding Corporation Of India), Mr. K. N. Kulasekharan (Dy. Genaral Manager - Corporation Bank Zonal Office Thane), accompanied by Mr. Manjunath Pai  (Chief Manager - Corporation Bank Zonal Office Thane), & Ms. Sujata Choubey (Branch Manager Corporation Bank Mira Road Branch) for their valuable support and knowledge building address that made this seminar a special one for all of us.
 
The news for the Extension for CPE completion has come. Members are requested to complete the balance CPE hours well before the extended date of 31st March 2012.
 
Members are reminded to apply or updated their data for the CAG Empanelment before the last date 15th February 2012 & also verify their status in the Draft Bank Branch Audit Panel hosted by ICAI.  
 
Just as it is a practice to warm up before the actual show… a fantastic Cricket tournament the VASAI-WICASA CUP was organized for our Members & Students on, Sunday the 8th of January, 2012. My hearty congratulation to winners & also to all participating teams for their overwhelming response.
 
I also take the opportunity to wish a Best of Luck to all our CA students for the CA Final Results which are expected in this month. I hope many of my students will add up as Chartered Accountants and grace this profession.
 
Just to update you that the CPT registration date extended & students are requested to take note of the same.
 
As a Social Branding of ICAI, a Grand Cricket Tournament VASAI-ICAI CUP has being organized on Sunday, the 22nd January, 2012 among Chartered Accountants, Corporators, Advocates, Doctors, Press Reporters and Income Tax & Sales Tax Department officials. This will develop a positive interaction and a friendly environment among the elite class of other professionals of the society.
 
January is also a month of Makarsankranti festival…“tIL gauL Gyaa gaaoD gaaoD baoalaa...... !” let us celebrate this occasion by distributing affection and empathy to all. I also wish a very happy Kite flying to all …ENJOY !!!!!!!
 
It’s the Indian Republic Day on the 26th of January; It’s one more day of proudly hoisting our national flag and pay our regards towards our nation. I proudly salute my national flag and bow to all those who contributed for the formation of our republic.  
 
ICAI being partner in Nation Building to fulfill our social responsibility a unique program with regards to the Role of CA’s in Rural, Agro & SME Development is palned by our Vasai Branch in the month of February highlighting the catalyst role of CA’s in Rural, Agricultural & SME development in the country.
 
A Special Thanks to many members for repeatedly enquiring about our most awaited IRRC.   It is just for such an aggressive public demand that Vasai Branch has organized the 4th International Residential Refresher Course at DUBAI – The International Business HUB. The IRRC is organized on the 5th of February till the 8th of Feb, 2012. The registrations have already begun and it is a modest request to our members to register themselves with family members for enjoying this lovely location. A quick reference with regards to this tour is presented within. We aspire your energetic and wholehearted participation to make this mega event a grand success. Lots of wishes for a ‘Bon Voyage’ and hope we would return with fantastic and heart felt memories!!
 
SUCCESSFUL MEN CAN VIEW AND AIM AT GOALS EVEN IN THE DARK
 
With warm regards
 
 

 CA Unmesh Narvekar

 

What's New

19/02/2012

RBI Liberalises Payment System For Exporters

RBI Releases Draft Guidelines on Basel-III Framework

18/02/2012

Visa Rules Eased For Spouses of Expatriates Looking to Work in India

Assessing Officer Can't be Part of Tax Appellate Body Deciding the Appeal

Uttarakhand, Himachal Pradesh Manufacturing Units to Get Tax Breaks Even if Company is Sold: CBEC

Govt. to cover exempt sectors in second phase of XBRL roll-out

17/02/2012

Miss to Mrs: Seven Changes You Need

16/02/2012

Extension of Last Date for Submission of Financial Documents

Govt. Mulls Inclusion of CFOs in KMP

15/02/2012

Shock Therapy Advised for Tax Evaders

CAG Wants to Audit All Govt. LLPs 

Soon, Bill to Regulate Placement Agencies

Service Tax Disputes Body in Works

14/02/2012

Date Extended For Filing of Annexure 2A & 2B For Third Quarter

13/02/2012

2,000-Cr Transactions Under I-T Scanner

11/02/2012

Filing of Conflicting Returns by Contesting Parties

10/02/2012

Register Your Marriage, or Pay Rs 1,000

Excise & Service Tax to Touch 12% in Stimulus Wind-Down

RBI Issues Guidelines on Accepting Foreign Contribution

09/02/2012

Filing of online Returns for the Tax period December 2011 & Third quarter 2011-12 

Tighter RBI Rules Make Home Loans Tougher 

Budget May Bring Host of Exempt Items Under Excise Duty Ambit

Investment Limit Hike May Make it Tough for Small PMS Players

Sebi to Share Names of 500 Defaulting Firms With MCA

08/02/2012

RBI Tells Banks to Refund Unclaimed Deposits of R1,700 crore

07/02/2012

Section 143 of the Income-tax Act, 1961 Assessment General Processing of returns of assessment year 2011-12

Now, Get E-stamps of all Denominations

Broker Audits Set to be Made Mandatory Soon

06/02/2012

PAN Likely to Become Most Potent Tool to Unearth Black Money, Tax Evasion

ICAI Proposes Increased Disclosure by Listed Cos

02/02/2012

Sebi Notifies Norms to Help Promoters Dilute Stake

SEBI - Amendment in regulations and insertion of chapter VIII-A

01/02/2012

Evade stamp duty, pay 10-fold fine

Updating of Income Tax PAN Details in MCA 21 DIN Data

31/01/2012

Record Errors: Taxpayers Face Harassment, Tax Demand

Govt. to issue White Paper on black money

Online Filing of Annexure 2A & 2B by Quarterly Return Filing Dealers

30/01/2012

Banks Checking Cibil Rating of Promoters for Corporate Loans

Default on Mobile Bills Can Affect Your Credit Score

Brokerages to Get Less Clients For Portfolio Schemes

28/01/2012

Working Out of a House?

27/01/2012

Shorter Bank FDs May Get Tax Breaks

Interest on Savings Deposit on End-of-day Balance: RBI

 

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

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

 

 

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Updated Till : 23/02/2012
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