THE INSTITUTE OF CHARTERED ACCOUNTANTS …...Chartered Accountants 4th June 2016 Tax Act, 1961...

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EIRC 1st June 2016 EIRC NEWSLETTER VOL 42 ISSUE : 04 1st JUNE 2016 ` 10/- THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA EASTERN INDIA REGIONAL COUNCIL (Set up by an Act of Parliament)

Transcript of THE INSTITUTE OF CHARTERED ACCOUNTANTS …...Chartered Accountants 4th June 2016 Tax Act, 1961...

Page 1: THE INSTITUTE OF CHARTERED ACCOUNTANTS …...Chartered Accountants 4th June 2016 Tax Act, 1961 Advocate 9903250389 10/1/1, Syed Salley Lane, 7.30pm Study Circle- EIRC Kolkata-700073

EIRC 1st June 2016 �

EIRC NEWSLETTERVOL 42 ISSUE : 04 1st JUNE 2016 ` 10/-

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA

EASTERN INDIA REGIONAL COUNCIL(Set up by an Act of Parliament)

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��EIRC 1st June 2016

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EIRC 1st June 2016 �

Dear Professional colleagues,

May I urge upon all my

members to cooperate and

help us to stand up to the

great expectations of the

fraternity as a whole and

also ensure their grievances

be redressed ensuring happy

and contended professionals

throughout our Eastern

Region. We have to conceptualize an agenda which would introspect into

the problem areas of the members and their expectations and perspective as

a whole and see than they are resolved in minimum time. This agenda should

not confine within our Eastern India Regional Council but also should grow

out of proportion to serve in a greater perspective, i.e., to the profession as

whole throughout the country.

When the country is on a high growth path, a brilliant profession like ours is

expected to be geared, to take care of the existing as well as the emerging

issues. On these lines, the thrust this year would be on “Research”. EIRC

in this aspect has brought out various Referencer on topics of various

professional matters. This effort has received all round appreciation from all

sects of our professional brethren. I request upon all my esteemed members

and would welcome them to forward their suggestions in this regard with

respect to varied topics of national and professional interest and be part of the

quest for knowledge. Let success become a habit with us and hitting the top

and getting the best of life, our life style. Let share knowledge because knowledge when rubbed with knowledge, gives knowledge.

Another important aspect, which is the buzz word of today’s world. Good

financial governance is the most essential requirement for attaining high

performance in any organisation. Organizational or corporate governance

can be described by following four components: Financial Governance,

Organizational values, Strategy and Quality parameters. The scope of

Financial Governance can be expanded to include: Financial planning,

financial reporting and monitoring and Organizational Financial Awareness

and involvement. All financial processes are to be managed accordingly to a

stringent set of rules and regulations and are the core of financial governance.

Each regulation defines significant, stricter personal responsibility of the

organisations executive management and internal controls for the accuracy

of reported financial statements. The financial processes should be backed

by accurate reporting capabilities. Financial governance involves internal

controls to work toward compliance.

Green Initiative

In continuation of an endeavour of EIRC towards protection of environment

and Green Initiative, we have decided to reduce the number of pages of our

monthly publication from this issue which not only have met our captioned

initiative but also will curtail our expenditure to a great extent. In this regard

and also as requested earlier in my communication, may I again seek your

support towards this endeavour. We request your consent to migrate to

E-format means instead of the printed copy and posting it to your address,

it would be delivered in your inbox. Your affirmation in this respect would

go a long way in support of our ‘Green Initiative’. EIRC is also on its way

to present before you an updated, revamped EIRC Website, www.eirc-icai.

org. We would expect from all my members to put in their suggestions and

inputs which would go a long way in exercising a prudent approach towards

this effort.

Let’s touch base ….. today, tomorrow and forever !!!

CA Anirban Datta

Editor & Chairman, EIRC of ICAI

Our present situation increasingly demands a transition to a green economy that does not worsen climate change or destroy the planet. The worlds of finance, business and policy need to routinely place an accurate, measurable value on the services that nature provides our civilization so that those assets will be protected rather than destroyed.

A green economy protects ourselves and our planet. As we develop and install new technologies, rebuild and retrofit buildings, and devise new processes and modes of production. Receding green space of the earth is a serious issue and as a part of the responsible community, we seek your support to address this concern.

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Forthcoming Programme

DAY AND DATE KNOWLEDGE SESSION RESOURCE COORDINATOR VENUE DURATION CPE DELEGATE PERSON HOURS FEES `

EIRC

STUDY CIRCLESTUDY CIRCLE DAY & DATE PROGRAMME SPEAKERS CO- ORDINATOR VENUE DURATION CPE /FEES HOURACAE Chartered Friday, Lecture Meeting on Corporate Dr. G C Dutt, IPS,IG,WB CA Jitendra Lohia ACAE, Emami 5.00pm to 3Accountants Study 10th June 2016 Governanace Eminent Speakers 9874044000 Conference Hall, 8.00pmCircle- EIRC [email protected] 6, Lyons Range [email protected] Kolkata-700001 ACAE Chartered Monday, Lecture Meeting on Capital Gain Adv.Paras Kochar CA Jitendra Lohia ACAE, Emami 5.00pm to 3Accountants Study 13th June, 2016 on Penny Stock - Proceedings from 9874044000 Conference Hall, 8.00pmCircle- EIRC Investigation to Appeal [email protected] 6, Lyons Range [email protected] Kolkata-700001 DTPA Chartered Friday, Further Amendments in Finance CA P. K. Agarwalla CA Sanjay Bajoria DTPA Conference Hall, 4.00pm to 3Accountants’ Study 10th June, 2016 Act 2016 9331845005 3 Govt. Place, 2nd Floor, 7.00pmCircle-EIRC [email protected] Kolkata - 700001

Thursday Tally, MS Excel & MS Words as a Audit Tool CA Vikash Parakh CA Sanjib Sanghi R Singhi Hall, 5.30pm to 3 Rs.802nd June 2016 CA Aswini Bajaj EIRC Premises 8.30pm Spot Rs.100Friday Depreciation as per Companies Act 2013 CA Pawan Agarwal CA Nitesh Kr. More ICAI Bhawan, Kasba, 5.30pm to 3 Free3rd June 2016 CA Animesh Mukhopadhyay Rajdanga 8.30pm (At Kasba Rajdanga)Saturday Seminar on Forensic Accounting and CA Yogesh Gupta, IPS, Special EIRC Hotel Hindustan 9.30am to 6 12004th June 2016 Fraud Prevention Director of Enforcement, CA Rajiv Gupta International, Kolkata 5.30pm Spot 1400 Bengaluru, Mr. Aloke Kumar Bardhan, Non Member – Assistant Director, SFIO, MC, Mr. Sachin Rs.1500 Dedhia, Cyber Crime Investigator, Mumbai, Mr. Pawan Duggal, Adv, Supreme Court of India, Delhi Mr. Amrendra Kr. Singh, Jt. Director, CBI- Kolkata ZoneFriday, Session on Power of Brain and its creativity Dr. Shankar Goenka CA Sonu Jain R Singhi Hall, 5.30pm to 3 Rs.8010th June 2016 EIRC Premises 8.30pm Spot Rs.100Saturday ICDS CA Vivek Newatia CA Sumit Binani R Singhi Hall, 4.00pm to 4 Rs. 20011th June 2016 Eminent speakers EIRC Premises 8.00pm (with Referencer)Wednesday Finnacle in CBS System CA Sonu Jain,Secretary,EIRC CA Sanjib Sanghi R Singhi Hall, 5.30pm to 3 Rs. 20015th June 2016 EIRC Premises 8.30pm (with Referencer)Thursday Analysis of Finance Act 2016 Mr. Jairaj Kumar, CIT (A) CA Manish Goyal R Singhi Hall, 5.30pm to 3 Rs. 35016th June 2016 CA S S Gupta, CA K K Chhaparia EIRC Premises 8.30pm (for days)Friday, Analysis of Finance Act 2016 Advocate S M Surana CA Nitesh More R Singhi Hall, 5.30pm to 3 Rs. 300 (for 217th June 2016 CA Manoj Tiwari EIRC Premises 8.30pm days) Rs. 200 Saturday, Analysis of Finance Act 2016 CA Shivani Shah CA Sonu Jain R Singhi Hall, 3.00pm to 4 (for 1 day)18th June 2016 CA Arun Agarwal EIRC Premises 7.00pm (with Referencer)Thursday, NCLT & NCLAT : Opportunities CS Deepak Khaitan, CA Sumit Binani R Singhi Hall, 5.30pm to 3 Rs. 35023rd June 2016 Past Chairman, EIRC, ICSI EIRC Premises 8.30pm (for 3 days)Friday, NCLT & NCLAT : Opportunities CS Anil Murarka, CA Nitesh More R Singhi Hall, 5.30pm 3 Rs. 300 (for 2days) 24th June 2016 Past President, ICSI EIRC Premises to 8.30pm Rs. 200 (for 1 day)Saturday NCLT & NCLAT : Opportunities CS Anjan Kumar Roy CA Sanjib Sanghi R Singhi Hall, 3.00pm 4 with Referencer)25th June 2016 Adv. Akhilesh Srivastav EIRC Premises to 7.00pm Wednesday, Project Finance : Opportunities for CAs CA Indranil Biswas CA Manish Goyal R Singhi Hall, 5.30pm to 3 Rs. 350 (for 3 days)29th June 2016 CA S D Mukhopadhyay EIRC Premises 8.30pm Rs. 300 (for 2 days)Thursday Project Finance : Opportunities for CAs CA Vikash Jain CA Nitesh More R Singhi Hall, 5.30pm 3 Rs. 200 (for 1 day) 30th June 2016 CA Sweta Tekriwal EIRC Premises to 8.30pm (with Referencer)Saturday, Project Finance : Opportunities for CAs CA Bijay Murmuria CA Sonu Jain R Singhi Hall, 3.0pm to 4 Student-Rs.2002nd July 2016 Advocate M S Tiwari EIRC Premises 7.00pmThursday, IND AS CA Abhijit Bandyopadhyay, CA Sumit Binani R Singhi Hall, 5.30pm to 3 Rs. 350 (for 37th July 2016 Past Council Member, ICAI EIRC Premises 8.30pm days) Rs. 300 Eminent Speakers (for 2 days) Friday, IND AS CA Sunita Kedia CA Sanjib Sanghi R Singhi Hall, 5.30pm to 3 Rs. 200 (for 1 day)8th July 2016 Eminent Speakers EIRC Premises 8.30pm (with Referencer)Saturday, IND AS Eminent Speakers CA Manish Goyal R Singhi Hall, 3.00pm to 4 Student-Rs.2009th July 2016 EIRC Premises 7.00pm

Please note : 1. Online registration closes 1 days before the day of the Seminar. 2. Spot Registration will be taken subject to availability of seats at the venue. 3.Out of the Registration Fees collected for each programme Rs 10 per person would be contributed to Chartered Accountant Benevolent Fund.

DAY AND DATE PROGRAMME DETAILS VENUE DURATION

IMPORTANT DATES

FRIDAY, 1ST JULY 2016 CA DAY CELEBRATION (FLAG HOISTING) EIRC PREMISES, 7, RUSSEL STREET 10.00AM ONWARDS

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EIRC 1st June 2016 �

Announcements

STUDY CIRCLE DAY & DATE PROGRAMME SPEAKERS CO- ORDINATOR VENUE DURATION CPE /FEES HOUR

DTPA Chartered Friday, Insolvency and Bankruptcy Law Adv. Deepak Jain CA Sanjay Bajoria DTPA Conference Hall, 4.00pm to 3Accountants’ Study 17th June, 2016 9331845005 3 Govt. Place, 2nd Floor, 7.00pmCircle-EIRC [email protected] Kolkata - 700001 DTPA Chartered Friday, Service Tax Assessment, CA Rajeev Kr. Agarwal CA Sanjay Bajoria DTPA Conference Hall, 4.00pm to 3Accountants’ Study 24th June, 2016 Audit, Scrutiny & Appeal 9331845005 3 Govt. Place, 2nd Floor, 7.00pmCircle-EIRC [email protected] Kolkata - 700001DTPA Chartered Thursday, Income Tax - Latest Developments CA Ravi Tulsiyan CA Sanjay Bajoria DTPA Conference Hall, 4.00pm to 3Accountants’ Study 30th June, 2016 9331845005 3 Govt. Place, 2nd Floor, 7.00pmCircle-EIRC [email protected] Kolkata - 700001Madhya Kolkata Wednesday, Seminar on “Finance Act 2016” CA Manoj Kr Tiwari CA Sandip Dey R singhi Hall, 5.00pm to 3Chartered Accountants 8th June 2016 Dy. Convener EIRC Premises 8.00pmStudy Circle- EIRC 9830309933Views Exchange Saturday, Stress Management through Brahmakumaris Asmita CA. KushalBhuwania, ‘Crystal Room’ 3rd Floor, 4.00pm to 2Chartered Accountants 11th June 2016 RAJ YOGA [email protected] Hindustan Club, 6.00pmStudy Circle- EIRC 03340084929 4/1, Sarat Bose Road, Kolkata - 700020 Views Exchange Friday, “Corporate Form of CA Practice CA Ranjeet Kumar Agarwal, CA KushalBhuwania, Globsyn Hall, BCCI, 5.00pm to 3Chartered Accountants 17th June 2016 and Networking by CAs” and Council Member,ICAI [email protected] 6, N.S.Road, 2nd Floor, 8.00pmStudy Circle- EIRC Case Studies on ICDS CA Vivek Newatia 03340084929 Kolkata -700001 CA Puja Borar VITTA Salahkar Saturday, Search & Seizure under Income Shri Subash Agarwal, CA Navin Sureka Barabazar Library, 4.30pm to 3Chartered Accountants 4th June 2016 Tax Act, 1961 Advocate 9903250389 10/1/1, Syed Salley Lane, 7.30pmStudy Circle- EIRC Kolkata-700073

VITTA Salahkar Saturday, Indian Accounting Standards CA Subodh Kumar CA Ajay Gupta Barabazar Library, 4.30pm to 3Chartered Accountants 25th June 2016 Agarwal, Past President, 9674749832 10/1/1, Syed Salley Lane, 7.30pmStudy Circle- EIRC ICAI Kolkata-700073

Members are hereby informed that the next Information Systems Audit (ISA) Course Assessment Test (Old as well as New Syllabus) (which is open to the members of the Institute) will be held on 25th June, 2016 (Saturday) from 10.30 AM to 2.30 PM (IST) at the cities provided that sufficient number of candidates offer themselves to appear therefrom.An application for admission to the Assessment Test is required to be submitted online by visiting http://isaat.icaiexam.icai.org and the sum of Rs.2100/- (Rs.2000/- as examination fees and Rs.100/- towards the examination form) has to be paid online using Master / Visa / Maestro Credit or Debit Card on or from 26th May, 2016. Alternatively, the format of application form can be downloaded from the website of the Institute viz. www.icai.org and the cost of the application formof Rs.100/- can be added to the Assessment Test fee of Rs.2000/- and the Demand Draft for Rs.2100/- ofany Scheduled Bank drawn in favour of “The Secretary, The Institute of Chartered Accountants ofIndia”, payable at New Delhi only has to be sent to the Deputy Secretary (Exams), The Institute ofChartered Accountants of India, ICAI Bhawan, Indraprastha Marg, New Delhi – 110002 so as toreach him on or before 8th June, 2016. The applications received after 8th June, 2016 will not be entertained under any circumstances.

For more information, visit : www.icai.org

Announcement for ISA EXAM- Assessment Test (ISA-AT), June 2016 CA Anirban Datta, Chairman, EIRC has been appointed as the Member of Governance Task Force of Tthe Confideration of Indian Industry (CII) – Eastern India.He has also been appointed as a member of Economic Affairs Finance and Taxation Sub Committee of the Confideration of Indian Industry (CII).

Heartiest congratulation for this remarkable achievement.

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EICASA

My Dear Student Friends,

Education is the most powerful weapon, which you can use to change the world”, aptly termed by Mr. Nelson Mandela. I extend my heartiest congratulations and best wishes to all the students who have given their exams this time. As the exams are over, EICASA is planning to come with a series of events, which can bring joy and

adventure to your daily routine.

We are coming up with Motivational Session on “Secrets to Success” by Dr. Sneh Desai. He is an Expert Motivator, Inspirational Coach & Leader for every age group. He helps people to change their belief & thought pattern, experience less stress and more success in their lives through better communication, positive thinking and spiritual knowledge.

Friends don’t miss your chance for a one-day adventurous tour of coal mines in BCCL, Dhanbad as we are coming up with an Industrial Visit to BCCL,

Dhanbad. Also we have Indoor Sports Tournament lined up with a series of events to participate in which you all are surely going to enjoy.

I would urge upon you all to come forward to participate in Students National Convention. Having you all as the future of the profession this Convention is organised to enable you to gain knowledge from our learned speakers, know success strategies from our young rank holders as well as be part of cultural evening wherein you can come forth with your talents and also get platform to enhance your communication skills by presenting your papers before a galaxy of students and dignitaries.

Let us think big and consolidate our skills, energies and strengths to become bigger and better. The future belongs to us, so lets continue our march towards a glorious and prosperous tomorrow and prove our worth as an indispensable‘

complete business solution provider’ of the modern day business.

CA Manish GoyalChairman EICASA and Vice Chairman EIRC of ICAI

DAY AND DATE KNOWLEDGE SESSION RESOURCE PERSON VENUE DURATION DELEGATE FEES `EICASA

5th May to 5th June CPT-Fundamentals of Accounting & CA Babloo Kumar Dutta R Singhi Hall, EIRC Premises 7.30am to 9.15am 500(only Monday, Wednesday, Mercantile Law (Accounting) (Please carry ICAIThursday, Friday) 9.30am to 10.30am study Material) (Mercantile Law)10th June to 16th June 2016 Crash Course on ISCA CA Manoj Agarwal R Singhi Hall, EIRC Premises 07.30am to 11.00am 500(Friday to Thursday)

Saturday, 11th June 2016 Secrets to Success Dr. Sneh Desai R Singhi Hall, EIRC Premises 2.00pm to 4.00pm 50

Saturday, 18th June 2016 Industrial Visit to BCCL, Coal Mines TEAM EICASA Dhanbad 5.30am to 9.30pm 750Sunday, 26th June 2016 Indoor Sports Meet TEAM EICASA BBYS, Behind Mahajati Sadan, 9.00am onwards Single Event – 100 Near M. G. Road Metro Multiple Events - 200

Saturday 16th July & Student National Convention 2016 Details inside in Page 7 Centenary Hall, 10.00am to 5.30pm (See page 7)Sunday 17th July 2016 Calcutta University, Kolkata

The Board of Studies of the ICAI has been providing Online Articles Placement facility for selection of Articled Assistants by CA Firms through its Articles Placement Portal on pan India basis. It provides a platform to the firms of Chartered Accountants having vacancies for Articled Assistants to shortlist eligible students for selection of articled assistants, and call them for Interview at their offices, as per date and time convenient to them. The eligible candidates who have passed Group-I or both Groups of the Intermediate (Integrated Professional Competence) Course or have been admitted under the Direct Entry Scheme and are willing to join articled training can register themselves on the portal. The services to the Online Placement Portal are available free of charge for both CA Firms and students and they can register themselves online through the Portal at http://bosapp.icai.org.

The services on the Portal would be available for two months, twice a year, from the date of registration by the firms. Similarly the bio data of a student will also be available on the portal for a maximum period of 2 months from student’s registration. The candidates shortlisted by CA Firms would be informed by e-mails through the Portal, to appear for interview at their respective Offices, at the designated date and time.

Detailed guidelines are available at the institutes’ website www.icai.org and on the Portal. In case of any further clarification, please contact the Board of Studies, ICAI Bhawan, A-29, Sector-62, Noida-201309, Tel. No. 0120-3045930/931/988; Email: [email protected]

On Line Articles Placement Portal for selection of Articled Assistants by CA Firms

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EIRC 1st June 2016

Announcements Student National Convention

NATIONAL CONVENTION FOR CA STUDENTS AT KOLKATATheme : Aashayein : The Glimpse of Better Tomorrow

Organized by: Board of Studies, ICAI � Hosted by : EIRC & EICASADay & Date : Saturday, 16th & Sunday, 17th July, 2016 ��Venue : Centenary Hall, Calcutta University, Kolkata

Programme Details

** Confirmation awaited.Students are hereby requested to register for the Convention at the earliest as per the following details:

Registration fees `500 upto 15th June`600 from 16th June upto 30th June`750 from 1st July to 10th July

Accommodation (if required) @ ` 500 per student PER DAY OVER & ABOVE DELEGATE FEES. (Outstation students who wish to join, as delegates are required to register within 25th June 2016 to enable us to make necessary stay arrangements.)

Payment Mode Cash/DD/Cheque to be drawn in favour of “ICAI- EIRC”, payable at Kolkata OrDetails for Online Registration (if any): Students may register online at www.eirc-icai.org or write to [email protected]

For registration queries contact :-Eastern Regional Office of the ICAI

Phone : 033- 30211138 � Email: [email protected] �Website : www.eirc-icai.org � Mobile : CA Payal Agarwal : 9903541161 (from 10 am to 5 pm)

Students (pursuing Practical Training/Industrial Training) are invited to contribute papers for presentation (1500 to 2000 words) for topics in Technical-Sessions and submit for approval a soft copy of the Paper at [email protected] and [email protected] by 15th June 2016 along with Student’s scanned Photograph, ICAI Students’ Registration Number, Course pursuing, complete postal address, Mobile, Landline numbers and e-mail ID. One paper for each topic would be selected. Only selected paperwriters would be informed by email.

Outstation student speakers shall be reimbursed actual travelling expenses equivalent to 2 tier AC and DA @ Rs.1500/- per day for lodging and incidental expenses etc. (It is suggested that the students submitting the papers may tentatively book train tickets pending selection of their papers. This may enable them to have confirmed train tickets.)

Convention ChairmanCA Babu Abraham Kallivayalil,

Chairman, Board of Studies, ICAI

Convention Co-ChairmanCA Dhiraj Kumar Khandelwal,

Vice-Chairman, Board of Studies, ICAI

Convention ConvenersCA (Dr) Debasish Mitra, CA Sushil Kumar Goyal, CA Ranjeet Kumar Agarwal,

Members, Board Of Studies, ICAI Convention Co-ordinator

CA Anirban Datta, Chairman, EIRC Convention Co-ordinator

CA Manish Goyal, Vice Chairman, EIRC & Chairman EICASA , (9434039003)

Day 01 : Saturday, 16 July 2016 Day 02 : Sunday, 16 July 2016

10.00am – 11.00am Inaugural Session Address by : Chief Guest Address by : Guest of Honour CA M. Devaraja Reddy, President ICAI CA Babu Abraham Kallivayalil, Chairman, BOS CA Dhiraj Kumar Khandelwal, Vice Chairman, BOS CA (Dr.) Debashis Mitra, CCM & Member, BOS CA Ranjeet Kumar Agarwal, CCM & Member, BOS CA Sushil Kr. Goyal, CCM & Member, BOS CA Anirban Datta, Chairman, EIRC CA Manish Goyal, Chairman, EICASA11.00am – 12 Noon Interaction and Open House with Chairman and Vice-Chairman, BOS. 12.00pm – 1.30pm Knowledge Session I: Corporate Law

Key Note Speaker : CA (Ms) K Sripriya, CCM, ICAI, Chennai

Topics : a) Fraud Reporting under Companies Act 2013

b) Ease of doing business in India: Company Law Reforms

c) Companies Amendment Bill 2016: Adieu to unwarranted compliances

2.30pm – 3.00pm Initiatives taken by Board of Studies, ICAI for Students Director , Board of Studies & other council members3.00pm – 4.30pm Knowledge Session II: Indian Economy, Technology & Current Affairs

Key Note Speaker : CA Jay A Chhaira, CCM, ICAI, Surat Topics : a) MCLR Interest regime –Its Impact on Economic Growth b) Technology in CA Education: E-learning, Satellite Learning, Social Networking Sites c) Swachh Bharat: Role of Student

4.30pm – 6.00pm Special Session : Motivational Session

10am –11.30am Knowledge Session III: Accounts & Audit

Key Note Speaker : CA M. P. Vijay Kumar, CCM, ICAI, Chennai

Topics : a) Implementation of IND AS – Final step

towards IFRS & challenges thereof

b) How to manage finances in a start up

company?

c) Forensic Audit: The Future

11.30am – 12.30pm DEBATE

Topic : Reservation in India should be based on

Economic criteria

12.30pm to 2.00pm Knowledge Session IV: Taxation

Key Note Speaker : CA Dhinal A Shah, CCM, ICAI, Ahmedabad

Topics : a) GST in India: Way Forward

b) Taxation of HUF and Family settlements

c) Regulation to curb black money

3.00pm – 4.00pm Special Session V: Panel discussion on ‘Success Strategies for

CA Examinations‘

Speakers : CA Nischal Narayanam, Hyderabad

CA Avinash Sancheti, Kolkata

4.00pm – 4.30pm HI-TEA

4.30pm – 7.00pm Valedictory Session & Cultural Programme:

“IGNITION : Fire on the Floor”

Cultural Program by the Students

NB: The above program schedule is subject to changes without any prior notice at the discretion of the management.

An Appeal to Members : We look forward to your active support and cooperation by encouraging and/or sponsoring your articled assistants to help the Convention meet with an unprecedented success .

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Workshop on ICDS on 5th May 2016

Workshop on ICDS on 7th May 2016

E – Filing made Easy Forms & Interaction on 12th May 2016

Seminar on IFC, CARO & Standards of Auditing on 14th May 2016

Workshop on ICDS on 6th May 2016

E-filling made easy –Direct Taxes on 11th May 2016

E-filling made easy –Indirect Taxes on 13th May 2016

L – R: CA Sumit Binani, Treasurer, EIRC, CA Sonu Jain, Secretary, EIRC, CA Sanjay Bhattacharya, CA Nitesh Kumar More, Member, EIRC

L – R: CA Sumit Binani, Treasurer, EIRC, CA Barun Kumar Ghosh, CA Manish Goyal, Vice Chairman, EIRC, CA Vivek Newatia

L – R: CA Sonu Jain, Secretary, EIRC, CS Mohan Ram Goenka, Mr.Pranay Chaturvedi, ROC Official, Mr.Chandan Kumar, ROC Official, CA Nitesh Kumar More, Member, EIRC

L – R: CA Sonu Jain, Secretary,EIRC, CA Ganesh Balakrishnan, CA Harish Agarwal L – R: CA Ranjeet Kumar Agarwal, Member, AASB, ICAI, CA Jayanta Mukhopadhyay, CA ShyamLal Agarwal,Chairman, AASB, ICAI, CA Anirban Datta,Chairman,EIRC, CA Sushil Kumar Goyal,Member,AASB,ICAI, CA Sanjib Sanghi,Member,EIRC

L – R: CA S S Gupta, CA Anirban Datta, Chairman, EIRC, CA Nitesh Kumar More, Member, EIRC

L – R: CA Sanjib Sanghi, Member, EIRC, CA Sonu Jain, Secretary, EIRC, CA O P Banka, Shri Devendra Nath Mishra, IRS, CA Anirban Datta, Chairman,EIRC, CA Pawan Kumar Agarwal, CA Nitesh Kumar More, Member, EIRC

L – R: CA Abhishek Tibrewal, CA Anirban Datta, Chairman,EIRC, CA Ankit Kanodia

EIRC Events

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EIRC 1st June 2016 �

EIRC Events

Seminar on IFC, CARO & Standards of Auditing on 14th May 2016

Finnacle in CBS System on 21st May 2016

Workshop on CARO on 27th May 2016

Workshop on Section 68 w.r.t. Capital Transactions, Section 148 w.r.t Share Trading & Long Term Capital Gain, Section 14A & Stay Petition on 18th& 20th May 2016

50:50 – Technology for Senior Professionals on 14th May 2016

Workshop on Consolidated Financial Statement on 26th May 2016

Workshop on Internal Financial Control on 28th May 2016

L-R: CA Chinnsamy Ganesan, CA Dipankar Chatterji,Past Council Member,ICAI, CA Nitesh Kumar More, Member, EIRC

L-R : Mr. P S Rajan, DGM, ZAO,Union Bank of India, CA Anirban Datta, Chairman,EIRC , CA Sonu Jain,Secretary,EIRC

L-R : CA Manish Goyal, Vice Chairman, EIRC, CA (Dr) Debasish Mitra, Council Member, ICAI, CA Abhijit Bandyopadhyay, Past Council Member, ICAI, CA Nitesh Kumar More, Member, EIRC, CA Sumit Binani, Treasurer, EIRC

L-R : CA Manish Goyal,Vice Chairman,EIRC, Shri S P Chowdhary, IRS, Principal CIT, CA Anirban Datta, Chairman, EIRC, CA N K Poddar, Past Council Member,ICAI, CA Sanjib Sanghi, Member, EIRC

L-R : Adv Subash Agarwal, CA Anirban Datta,Chairman,EIRC, CA Manoj Tiwari, ,CA Sandip Dey

CA Sanjib Sanghi, Member, EIRC

L-R : CA Sonu Jain,Secretary, EIRC, Shri Ramesh Chand Meena, Regional Director (ER), MCA, CA Anirban Datta, Chairman, EIRC, CA Vivek Newatia, CA Nitesh Kumar More, Member,EIRC

L – R : CA Manoj Chandak, CA Abhijit Bandyopadhyay, Past Council Member, ICAI, CA Sumit Binani, Treasurer, EIRC, CA Anirban Datta, Chairman, EIRC

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Announcements

Rourkela Branch – Sub Regional Conference

Bhubaneswar Branch

L-R: CA Anil Gupta, CA Amit Kumar Agarwalla, Chairman, Bhubaneswar Branch, CA. Sarat Chandra Bhadra, Past Council Member, ICAI, CA. Mihir Kumar Sahu, CA. Chiranjeebi Jena, Secretary, Bhubaneswar Branch.

Free Health Checkup camp in association with AMRI Hospital, Bhubaneswar

ACAE Chartered Accountants Study Circle- EIRCReal Estate Conclave

Theme: Rebooting for Real EdgeDay & Date: Saturday, 18th June, 2016

Time: 09.30am to 5.30pmVenue: The Park, Kolkata

Chief Guest & Keynote Speaker : Sri Debashis Sen*, IAS,Principal Secretary,Urban Development Dept., Govt. of W.B & Chairman, WBHIDCO Ltd.

First Technical Session

Topics SpeakersCritical Issues in Income-tax concerning CA Bhupendra Shah, MumbaiRERA Sri N G Khaitan, Kolkata

Second Technical SessionIndirect Tax issues in Joint Development Sri V Raghuraman, Advocate, BangaloreAgreement and Related MattersAccounting Criticalities in Real Estate Mr. Neeraj Bansal*Question & Answer Session on Taxation CA Sanjay BhattacharyaAspects in Real EstateDirect Tax CA Bhupendra Shah, MumbaiIndirect Tax CA Pulak Kr. Saha, Kolkata

For Registration ContactCA Jitendra Lohia

Email: [email protected] / [email protected], Mobile : 9874044000

VITTA Salahkar Chartered Accountants Study Circle- EIRCVITTA KI BAAT, VITTA KE SAATH

……Learning the Changing LawsDay & Date: Saturday, 18th June, 2016

Time: 09.30am to 5.30pmVenue: The Hotel Lalit Great Eastern

Kolkata

6 CPEFees `1000/-Spot `1200/-Fees `700/-6 CPE

Internal Financial Controls, NCLT & CS R Kalidas, Mumbai,

other issues under Company Law Reliance Industries Ltd

Recent Judicial Pronouncements u/s 56,68,263 CA Kapil Goel, Advocate,

& Capital Gain of Income Tax Act,1961 Delhi High Court, Delhi

Audit & Investigation under Service Tax CA V Raghuraman, Bengaluru

Soft Skill - Mind Power & Stress Management Dr. Vedula Ramalakshmi

For Registration ContactCA Satyanarayan Agarwal

Mobile : 9831047334

We pray to the almighty that may his soul rest in peace

EIRC DEEPLY MOURNS THE SAD DEMISE OF

CA Dilip Kumar SahaMembership No. 050482

Passed away on 1st April 2016

Opening of New Reading Room for Students at ICAI BHAWAN, 382A, Prantik Pally, Kasba, Rajdanga, Kolkata 700107.

The existing Reading room at Hazra - 31A, Mohim Halder Street.Kolkata 700026 has been closed.

For more information contact EIRC Library at 033-30211105/47/03 or Email [email protected]

* Confirmation awaited.

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EIRC 1st June 2016 ��

EIRC Events

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Registered RN 27144/75 Registration No. KOL RMS / 227 / 2016-18

If undelivered please return to : Eastern India Regional Council, The Institute of Chartered Accountants of India, 7, Anandilal Poddar Sarani (Russell Street), Kolkata - 700 071

Owner: The Institute of Chartered Accountants of India, Eastern India Regional Council Printer: Shri Alok Ray, Joint Secretary, The Institute of Chartered Accountants of India, Publisher: Shri Alok Ray, Joint Secretary, The Institute of Chartered Accountants of India Published from : The Institute of Chartered Accountants of India, Eastern India Regional Council, 7, Anandilal Poddar Sarani, P.S.: Shakespeare Sarani, Kolkata - 700 071 Printed from: CDC Printers Pvt. Ltd., Tangra Industrial Estate - II, (Bengal Pottery), 45, Radhanath Chowdhury Road, P.S. :Tangra Kolkata - 700 015 Editor: Shri Anirban Datta, Chairman, Eastern India Regional Council, The Institute of Chartered Accountants of India.

The Institute does not accept any responsibility for the view expressed in the contributions of advertisements published in the newsletter. Phone: 91-33-30211140/41, Fax: 033-22272317, Website: www.eirc-icai.org, Email : [email protected]

BOOK POSTCA Anirban Datta, Editor

CA Manish Goyal, Jt. Editor

CA Sonu Jain, Member

CA Sumit Binani, Member

CA Sushil Kr. Goyal, Member

CA Ranjeet Kr. Agarwal, Member

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