NIRC Newsletter April 2018 30-4-18 Newsletter April 2018...NORTHERN INDIA REGIONAL COUNCIL OF THE...

NORTHERN INDIA REGIONAL COUNCILOF

THE INSTITUTE OF CHARTEREDACCOUNTANTS OF INDIA

e-Newsletter

VOL. XLVI, NO. 1

HAPPY BAISAKHIHAPPY BAISAKHIHAPPY BAISAKHI

May you harvest all the fruits of your hard workfrom the previous year

April 2018

NIRC wishes Members and Students a Happy & Growth Oriented New Financial Year 2018-19

EDITORIAL BOARD

[email protected] ; [email protected]

CA. Pankaj Periwal, Chairman

CA. Nitin Kanwar, Vice-Chairman

CA. Pooja Bansal, Member

CA. Rajender Arora, Member

CA. Sumit Garg, Member

CA. Rakesh Makkar, Member

CA. Deepak Garg, Member

Editor : CA. Pankaj Periwal

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From the Desk of the Chairman...

Dear Professional Colleagues,

The onset of New Financial Year has embarked the

beginning of new set of opportunities. It’s the time when

not as an individual but as a team we have to move

forward with our commitment towards the ICAI.

The year gone by has been extremely satisfying but at

the same time it has brought in new challenges,

opportunities and fresh avenues for all of us here. So this

year we endeavour to let the torch of dynamism glow and

promise to play an inevitable role in the nation building.

Let’s “Focus on being productive instead of being just

Busy”. Our economy is in a transitional phase, in the

backdrop of various regulatory changes that have taken

place. New initiatives along with various schemes of the

Government have been launched and are under

implementation today. Whether it has been the transition

of financial reporting practices to Ind AS converged with

IFRS or even the new Insolvency and Bankruptcy law or

the implementation of the biggest tax reform in Indirect

taxes i.e GST, we the professionals have steadfastly

ensured the smooth functioning and progression of all

the reforms.

The Indian Accountancy profession has undergone a

paradigm shift in terms of embracing technology. Let’s

not forget that change is the only constant thing for

future and to tame the technology, first we have to

embrace it.

Knowledge enhancing programs

A Chartered Accountant who fails to upgrade and learn is

like an oxidised iron rod which has rusted. So keeping

that thought in mind various events/seminars have been

held for our worthy members. It was our pleasure and

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privilege to have Past President’s, ICAI and eminent

speakers to address our esteemed members. I take pride

in the fact that the seminars have been conducted by the

experts who have an unmatchable knowledge and

wisdom in their respective fields.

• A Seminar on bank audit on 11/3/2018 by CA Amarjit

Chopra, Past President, and CA Ajay Jain.

• An interactive seminar on GST on 17/3/2018 by CA

Ashok Batra, CA Gaurav Gupta, CA Kamal Agarwal

and CA Punit Agarwal.

• Recent Judicial Pronouncements/ developments on

income tax on 18/3/2018 were discussed by CA Ved

Jain, Past President along with Adv Kapil Goel.

• An interactive seminar on e-learning for bank

auditors on 24/3/2018 by Mr. Jagannath Narayana &

Sh. Balwant C Surti (Both from Infosys) , CA. Rajesh

Sethi and CA Gopal Aggarwal.

• An Interactive seminar on IND-AS on 14/5/2018 by

CA Manoj Fadnis and CA Amarjit Chopra, Past

Presidents along with CA Hemant Arora.

• Seminar on taxation issues of trust and charitable

institutions and HUF tax planning on 21/4/2018 by CA

Sunil Talati, Past President along with CA Dr. Girish

Ahuja and CA Arun Chhabra.

• Seminar on training guide for auditors on SAP/ Oracle

& SWIFT messages on 27/4/2018 by Sh. Rahul

Magan.

• Seminar on practical aspects of ICDS and TDS on

28/4/2018 by CA Pramod Jain, CA Rahul Chawla

along with CA Satish Aggarwal.

• In addition, Post qualification courses on

International Taxation and ISA (PT) classes have also

been conducted.

Member Related Activities

I feel the pleasure in informing my Ld. Professional

Colleagues that TEAM NIRC has already submitted its

Audited Financial Statements to ICAI, which happens to

be a plus point in evaluation of Regional Councils for Best

Regional Council Criterion. Further the Audited Financial

Statements for the Financial Year ended on 31-03-2018

are enclosed in the relevant sections of this newsletter.

Also I do feel pleasure in informing that TEAM NIRC is in

the process of getting a special discount code for

Chartered Accountants from www.makemytrip.com just

like the one which ICAI has obtained from jet airways and

many more are in the pipeline. Also this year we are

committed to increase the contribution to CABF.

Student Development Activities

Our students are the pillar and the future of our

profession and with this comes our responsibility to

provide them with quality education and preparation. To

fulfil their dreams, we offer various classes at nominal

prices at different centres. From time to time Advanced

MCS batches are being announced so as to ensure that

no students have to suffer because of the non-availability

of the batches. A career counselling seminar was held for

professional enrichment of students wherein they were

guided with various post qualifications opportunities. I

thank NICASA Team for successfully holding seminars for

students and publishing NICASA e-newsletter.

Forthcoming Residential Programmes

• Team NIRC announces 2N/3D residential workshop

on GST at Solluna Resort, Jim Corbett Park,

Uttrakhand from 25th May to 27th May, 2018.

• Team NIRC is also pleased to announce 6N/7D

International Study Tour to Paris and Switzerland

from 2nd to 8th August, 2018.

Maintaining your membership

The undying spirit of our profession and its members

offers numerous benefits and respect to the respective

stakeholders. So it’s in our interest to keep the

membership active at all times. It is hence suggested to

pay membership fee well in advance to avoid any last

minute challenges. You can save your valuable time and

pay conveniently through online payment mode. Please

visit e-services section available on the home page of

www.icai.org

In life the greatest results are usually attained by

persistence and hard work. Let’s start this financial year

with the thought:

“It’s not about being the best; it’s about being better

than you were yesterday.”

Date: 25th April, 2018Place: Ludhiana

CA. Pankaj Periwal,Chairman, NIRC of ICAI

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List of Committees (2018-19)

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APRIL, 2018 NIRC NEWSLETTER

CA. Rajender AroraTreasurer, NIRC of ICAI

CA. Yogesh Harjai

Classification on Job Work under GST

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7


8


CA. Y.N Chaubey

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NIRC Congratulates CA. Puneet Bansal (M. No -506598)

has been appointed as Director Of Punjab Financial Corporation (PFC)

for the term of three years with effect i.e from 23rd March 2018.

HELM OF AFFAIRS

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Rajender Arora & AssociatesChartered Accountants

Required Following Talent for our Firm At Moti Nagar-:One CATwo Paid AssistantsThree Articles One Admin StaffCandidates with excellent command overLanguage May get Good specialisationin GST and wide exposure in various fields with us.

Exposure will be provided in the field of all types of audit, direct and indirect taxes, accounting and other fields."

send resume at :- [email protected] contact S C Singhal 9811112781Add- 23 IInd Floor,North West Avenue, Club Road, West Punjabi Bagh

G A M S & AssociatesCHARTERED ACCOUNTANTS

New Delhi- 110026 Ph: 25221200,2522346

K G Somani & Co, Chartered Accountants requires the following:

15 Articles for Statutory Audit, Internal Audit, Financial Advisory and Taxation. Should have cleared both groups of IPCC.

7 Chartered accountants for-

A. Statutory Audit - 2

B. Internal Audit - 2

C. Insolvency and bankruptcy practice - 3

Contact: 01123252225

Email at [email protected]

2.

1.

Saawariya & Co.Chartered Accountants

Audits both Corporate & Non Corporate.

Taxation Consultancy Direct & Indirect.

Litigation - Direct Tax & Indirect Tax

Bank Audits - Concurrent, Statutory,

Stock & Revenue etc.

EOW Investigations.

Company Matters & VAT/ GST,

TDS, ROC etc.

Mail cv at [email protected]

Mobile No. 9811752120

Nature of work :

Vacancy :Articled Clerks : 7-8

Chartered Accountants : 2

Semi Qualified : 4

Ph : +91 9810550050, +91 9810550051,

Ph : +91 11 45275050, +91 11 27314151

Email : [email protected]

: www.saawariya.in

Contact Details :

S.N Verma & Co.Chartered Accountants

H-5, Model Town III, Delhi-110009

Firm having 48 years experience

in direct & indirect taxation,

Auditing, Financial Management.

Required Articles & Semi-qualified

Candidates with good knowledge of

MS-office & good communication skills.

Contact Person:

CA. Vipin Verma – 9811156389

[email protected]

CLASSIFIEDS

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A View at the Seminar on Statutory Audit of Bank for CA Students by Ludhiana Branch of NIRC of ICAI held on 3rd-April-2018

Seminar on Bank Audit Organized by Gurgaon Branch of NIRC of ICAI

Seminar on “Benami Property Act, Reassment and Taxation of

Charitable Societies” Organized by Gurgaon Branch of NIRC of ICAI

Seminar on Bank audit Organized by Faridabd Barnch on NIRC of ICAI

Seminar on E-way Bill, Retun in GST,Input Tax Credit Organized by

Faridabd Barnch on NIRC of ICAI

Seminar on Taxation Issues related to Trust, Societies Organized by

Faridabd Barnch on NIRC of ICAI

Seminar on Bank Audit organized by J & K Branch of NIRC of ICAI

Seminar on Bank Audit organized by Sangrur Branch of NIRC of ICAI.

Seminar on Union Budget organized by Amritsar Branch of NIRC of ICAI

BRANCH ACTIVITIES

CA. Pankaj Periwal,Chairman, NIRC of ICAI

Mob. 9417240316Email- [email protected]

CA. Nitin KanwarVice-Chairman, NIRC of ICAI

Mob. 9716048641, 9810387163Email- [email protected]

[email protected]

CA. Pooja Bansal (Mrs.)Secretary, NIRC of ICAI


CA. Rajender AroraTreasurer, NIRC of ICAI


CA. Sumit GargChairman, NICASAMob. 9560064645

Email- [email protected]

CA. Deepak GargMember, NICASAMob. 9811064105

Email- [email protected]

CA. Yogita Anand(Mrs.)Member, NIRC of ICAI


CA. Rajesh Kr. AgrawalMember, NIRC of ICAI


CA. Rakesh MakkerMember, NICASAMob. 9811104384

[email protected]

CA. Vivek KhuranaMember, NIRC of ICAI


CA. Alok JainMember, NIRC of ICAI


CA. Rajinder NarangMember, NIRC of ICAI


CA. Swadesh GuptaMember, NIRC of ICAI


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April, 2018

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CA Naveen N.D. GuptaPresident, ICAI

CA. Prafulla Premsukh ChhajedVice-President, ICAI

NIRC OF ICAI - 2016-2019 (Central Council Members from Northern Region)

CA. Rajesh Sharma

CA. Sanjiv Kumar ChaudharyCA. Sanjay AgarwalCA. Vijay Kumar Gupta

CA. Atul Kumar Gupta CA. Sanjay Vasudeva

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