bcasnewsletter r10 · conducting 50 eye cataract surgery for our eye camp. the budget for one eye...

1MARCH 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 CommuniquéDear Members,

To err is human, but not if you are an honest taxpaying assessee.

The Finance Minister, Mr. Arun Jaitley presented the eagerly awaited Budget for the year 2016-17. The entire world was keen to know how the FM was to balance the GDP growth vis-a-vis the deficit target. The industry icons have lapped up the budget by praising the FM on sticking to the fiscal deficit target of 3.5%. As has been a highlight of each budget, this year also a lot of schemes (“Yojanas”) have been planned. However, to make an impact, the FM presented a more structured form by focusing on “Transform India” and building its budget proposals on this transformative agenda with nine distinct pillars. These nine distinct pillars can be categorized into three cornerstones of the budget, viz:

(a) Consumption Orientation:

This has been done through putting more funds in the hands of rural population through various schemes, thereby providing thrust for their spending.

(b) Fiscal Discipline:

Best thing to happen in this budget is sticking to the fiscal deficit target. This will ensure possible upgradation of India’s rating by international rating agencies. This will further ensure substantial flow of foreign capital which in turn would lend stability to the currency.

(c) Growth Measures:

Steps towards increased spending on infrastructure through fund allocation for roads, new ports, connectivity of roads / railways to ports. This will release the supply side bottlenecks in the economy, thereby creating efficiencies in the system leading to substantial savings in logistic costs.

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: Raman H. Jokhakar 98208 77976 | [email protected]

Vice-President: Chetan M. Shah 98202 23402 | [email protected]

Hon. Jt. Secretary: Narayan R. Pasari 98200 38095 | [email protected]

Hon. Jt. Secretary: Sunil B. Gabhawalla 98213 23921 | [email protected]

Hon. Treasurer: Manish P. Sampat 98200 10064| [email protected]

Vol. 18 n No. 12 n March 2016

Study Circle on Analysis of Finance Bill, 2016…… ................................................................…..17.03.2016…................................….Babubhai Chinai Committee Room, IMC, Churchgate..............03

Advanced FEMA Conference… .......................................................................……………….…………….18.03.2016.................................…..Walchand Hirachand Hall, IMC, Churchgate.......................................10

Udat Abeel Gulal…………………………………… ......................................................................………………….19.03.2016…...............................…Bhartiya Vidya Bhavan, Chowpatty…………......................................1 5

Eye Camp 2016………………………………........................................................................………...………..……. 20.03.2016……............................…Vansda, Dharampur.............................................................................03

Leadership Camp, 2016………….........................................................................................................……14.04.2016 to 16.04.2016…..Moksha Resort, Vil. Kadadhe, Kamshet, Pune...........................1 1

Half Day Seminar on Labour laws………......................................................................…………...……02.04.2016………….......…………..BCAS, 7 Jolly Bhawan 2, New Marine Lines ....................................…09

3rd Youth Residential Refresher Course………….....................................................................…..17.04.2016 to 19.04 2016……Dew Drops, Igatpuri….....................................................................................14

Full Day Workshop on Practical Issues in TDS…….....................................................................22.04.2016………...........……………Navinbhai Thakkar Auditorium,Vile Parle(E)...............................….05

Full Day Workshop on Fraud Reporting etc……..........................................................................04.06.2016……..........……………..BCAS, Jolly Bhawan 2, New Marine Lines….........................................04

Full Day Workshop on Practice Management & Technology.....................................…..18.06.2016…….................………….BCAS, Jolly Bhawan 2, New Marine Lines.......................................08

9th Jal Eruch Dastur CA Students Annual Day……...............................................................…11.06.2016….............................……K. C. College Auditorium, Churchgate.................................................06

Lecture Meeting………………..................................................………………………..........................................13.04.2016........................................................................................…………….......................................................01

LECTURE MEETING

Speaker: Satish Kumar, a founder and Director of Programmes of the Schumacher College International Center for Ecological Studies, and of The Small School in U.K Venue : Walchand Hirachand Hall, 4th Floor, IMC, Churchgate, Mumbai – 400020.Day, Date & Time: Wednesday, 13th April 2016, 6:15 p.m.

*(Fellowship over a cup of tea at 5. 45 p.m.)

PROGRAMMES AT A GLANCE DATE VENUE PAGE NO.

Watch, Like, Share, Connect with us @ BCAS Global

The tax proposals fall into nine distinct categories, and there has been a conscious attempt to bring more objectivity to the tax laws, more clarity and reduce litigation. However, this finance bill is going to be hard to digest with a record 100 plus amendments in Direct taxes, some of which are substantive and far-reaching.

The Foreign Investors continue to get red carpet treatment with proposals to open up new avenues to overseas investors and also to accord them residency status.

For the very first time, we heard the FM propose about “accountability” of the assessing officer, and I started to cheer this small initiative. However, the excitement was short-lived upon reading the fine print that the Principal Commissioner / Commissioner can extend the period up to 6 months for the AO to pass the appeal effect.

India has started making amendments by accepting certain recommendations of OECD – BEPS by introducing equalization levy on online advertisements, famously called “Google tax.” It is only

BCAS MARCH 2016.indd 1 3/11/2016 11:36:45 PM

2 MARCH 2016

(Continued from page 1)

a matter of time when this levy gets extended to more services, including software services, in future. Another recommendation implemented is from a Transfer Pricing regulations perspective of introduction of country-by-country reporting norms for TP Documentation. I am sure many such important recommendations will find its way in the Indian tax system.

The flavor has been to tax the rich and give relief to the poor (media tagging it as “Robin hood”). But the hardest hitting is the triple taxation of dividends and increase in the surcharge. The usual excitement surrounding any Amnesty Scheme is surprisingly missing considering the dampener of the One-time compliance scheme under Black Money Act. The honest taxpayer always wonders - is he always the scapegoat for his loyalty to dispose of his tax obligations diligently. By making the Income Declaration Scheme part of the Direct Tax proposals and imposing a penalty, the FM has smartly tried to maneuver any opposition, but I am not sure whether the scheme will remain unchallenged. I am reminded of the following quote of revered Shri Nani Palkhivala:

“In trying to achieve the objective of leveling of income, our annual budgets merely succeed in widening the gulf between the dishonest rich and the poor, and narrowing the gap between the honest rich and the poor.” – Nani Palkhivala.

PM Modi had set very high expectations for start-ups in his January speech, however not much has been done for giving a real kick start to start-ups in this budget. On the lighter side, there is a joke circulating on Whatsapp “Budget ne Ghalib nikamma kar diya, Ab toh start-up kholne mein bhi log reservation mangenge”.The common man wanted to see some radical changes in this budget especially with the “ease of doing business”, but this is conspicuously absent. All in all, a budget with hits and misses.

ALL THE THREE CLINICS WILL BE HELD IN THE LIBRARY OF THE SOCIETY

RIGHT TO INFORMATION CLINIC

CHARITABLE TRUST CLINIC

ACCOUNTS & AUDIT CLINIC

Advisory Panel : Hema D. SampatClinic Co-ordinator: Mrs. Madhuri Haware – 61377613

Advisory Panel : Dr. Gautam N. Shah and Tushar K. DoctorClinic Co-ordinator: Mrs. Madhuri Haware – 61377613

Advisory Panel : Sanjeev R. Pandit, Himanshu V. Kishnadwala, Jayesh M. Gandhi Clinic 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 every 2nd, 3rd and 4th Saturday from 11 a.m. to 1 p.m. The next RTI Clinic days accordingly are 26th March 2016 and 2nd, 9th,16th and 23rd April 2016. Please call to obtain a prior appointment.

The next Charitable Trust Clinic will be held on 1st April 2016 from 5 p.m. to 7 p.m.

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.

The next Accounts & Audit Clinic will be held on 2nd April 2016 from 4 p.m. to 5 p.m.

Persons interested in having their queries pertaining to accounting and auditing issues solved 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.

Eminent Senior Advocate, Mr. S. E. Dastur delivered his 28th Budget Speech from the BCAS forum, analyzing the direct tax provisions and bringing out the devil in the fine print. The 3,000 plus audience and thousands viewing from the “live streaming” facility provided by the Society, were mesmerized with his inimitable style of presentation and his skill of detailing.

This is the 23rd year of publication of the BCAS, much sought after, budget booklet. The booklet is an analysis of the Important Amendments and helps the readers to understand the amendments in clear and succinct manner. The Gujarati translation of the booklet is also very much in demand. I sincerely thank the various contributors to spare their valuable time in bringing out the publication in record time of 3 days from the budget and also maintaining its high quality of analysis.

This year the Society has decided to announce pre-release booking of the BCAS Referencer. The much coveted Referencer is a “must have” on any professional’s desk, a single, compact and handy compilation from the best in the profession. Truly a treasure trove of information on a vast gamut of subjects viz.; Direct Tax, Company Law, Indirect Tax, Audit, and Compliance, etc. I request you all to pre-book your copy today and avail the concessional rates.

Holi marks the start of spring, and for many the start of the New Year. Wishing the members a happy, colourful and joyous Holi!

Warm Regards,

Chetan Shah


3MARCH 2016

Chairman: Gautam S. Nayak | Co – Chairman : Deepak R. Shah

Convenors: Rutvik R. Sanghvi, Dhishat B. Mehta, Gaurang V. Gandhi

jointly organised with The Chamber of Tax Consultants

Dear Esteemed Friends,In our pursuit to contribute towards the wellbeing of the underprivileged tribals at Dharampur, we have once again organised an Eye Camp on Sunday, 20th March, 2016 at Vansda, Dist. Navsari to be conducted at Saint Ranchhoddas Bapu Eye Hospital set up by the Dhanvantari Trust and founded by Dr. Shri Kanubhai Vaidya, who has dedicated himself completely for socio-economic development of rural areas.

Considering continued valuable support extended by our fellow members in the past, we have set a target of conducting 50 eye cataract surgery for our Eye Camp. The budget for one Eye Camp is ` 50,000, being 50 cataract surgeries @ ` 1,000 per surgery. This is an excellent move on our path to make much difference to those deserving fellow members by contributing our little towards curing their vision.

Kindly send your contribution towards this by cheque favoring “Dhanvantari Trust” in multiple of ` 1,000/- per surgery.

EYE CAMP 2016AT VANSDA-DHARAMPUR

Chairman: Nitin P. Shingala

Co-Chairman: Mihir C. Sheth

Conveners: Mukesh G. Trivedi, Krishna Kumar Jhunjhunwala & Kinjal M. Shah

Project Co-ordinator: Meena Shah

HUMAN DEVELOPMENT & TECHNOLOGY INITIATIVES COMMITTEE

DATE: Thursday, 17th March 2016

TIME: 6.00 p.m. to 8.00 p.m.

VENUE: Babubhai Chinai Committee Room, IMC, Churchgate, Mumbai–400020GROUP LEADER : CA. Gautam Nayak

WHY THIS STUDY CIRCLE ?

The Budget impacts one and all in some manner or other. Larger impact is on the Businessmen and Industrialists since various tax provisions are amended by way of Finance Bill each year which is presented as a part of Budget. Tax professionals always need to keep themselves updated by the latest development on the subject.The Speaker will enlighten us with the various amendments brought in by the Finance Bill 2016..

WHO SHOULD ATTEND?

- Professionals

- Practicing CA

- CA in Industry

KEY TAKEAWAYS

- Major amendments

- Decisions overruled by the amendments

- Impact analysis

STUDY CIRCLE ON ANALYSIS OF FINANCE BILL, 2016 – DIRECT TAX PROVISIONS

Chairman: Sanjeev Pandit | Co-Chairman : Ameet Patel

Study Circle Convenors: Nilesh Parekh, Hardik Mehta & Vishesh Sangoi

TAXATION COMMITTEE


4 MARCH 2016

DAY & DATE : June 4, 2016 – Saturday TIME : 9.30 am to 5.30 pmVENUE: BCAS, 7, Jolly Bhawan 2, New Marine Lines, Mumbai-400 020FEES : Early Bird Discount upto on and after dt.15.05.16 dt 16.05.16Member ` 1145/- ` 1431/-Non Member ` 1489/- ` 1718/-

ABOUT THE WORKSHOP:With new advancements in technology and the rise in cyber crime, Management and Auditors need to be more diligent than ever in their efforts to avoid and identify all forms of fraud. The Companies Act, 2013 has paved the way for a changing role of the auditor, placed onerous responsibility on the Company Management and created vast professional opportunity for those practicing in the field of Fraud Prevention, Detection and Investigation.

Executing a cost-effective and value-added audit requires an understanding of population analysis. Without this knowledge, auditors run the risk of spreading the resources and sampling over low risk subsets of the population. This could result in crucial data not being audited. The workshop shall demonstrate how to use pivot tables and other audit tools to identify subsets of the population that behave differently from a benchmark data set.

KEY DELIVERABLES FROM SESSION OF CHETAN DALAL & SARANG DALAL

• UnderstandingReportingrequirementonfraudunderThe Companies Act 2013

• Auditor’sResponsibilityforfrauddetectionandreporting• AuditapproachforInternalFraud• ConductingInternalInvestigations• InterviewingTechniquesforAuditors• LegalElementsofFraudExamination• PrinciplesofFraudExamination• UsingDataAnalyticstoDetectFraud

KEY DELIVERABLES FROM SESSION OF NIKUNJ SHAHHOW PIVOT TABLE CAN BE USED TO:

• Summarisedataexceedingonemillionrows!!• Get Kaleidoscopic views by slicing and dicing data. Use

Pareto analysis (80-20 rule) to identify high value (and high risk) transactions

• Quicklyperforma‘TimeDimension’analysisondata.Detectnon-compliance with organizational policies & compliance frame work.

• Identify revenue leakages, doublepayments, etc. Learn tointerpret results of analysis and apply it in decision making

DASHBOARDS CONCEPTS (INCLUDING APPLICATIONS) LIKE:

• Importantquestionstoask,beforeyoustartworkingonadashboard

• Howtoorganizeyourdatainthreelayers,soit’sflexible,and the dashboard can be easily changed.

• Tipsongood&baddesign,wheretofindmoreresources• Whichcharttypesworkbestfordifferentdatatypes• How to create interactive charts, to give users some

control over the content (without macros) • Howtousepivottableswithadashboard• Tipsfordistributingandprotectingyourdashboard.

WHO SHOULD ATTEND?• StatutoryAuditors• InternalAuditors• CEO, CFO, Directors and Top Management who

certify the effectiveness and existence of controls• IndependentDirectorsandAuditCommitteeMembers• InternalControlspecialistswhoareassistingcompanies

in setting up of internal financial control (IFC) systems that meet the test of adequacy and effectiveness

• Professionals engaged in providing specialisedservices for fraud detection, investigation or mitigation.

FULL DAY WORKSHOP ON FRAUD REPORTING & TOOLS FOR DATA MINING & ANALYTICS FOR STATUTORY/INTERNAL AUDITORS

TOPICS SPEAKERS1] Case studies on Data analytics for Fraud detection and Forensic Audit - A practical perspective in the context of revised regulatory framework on fraud reporting by auditors under The Companies Act 2013

Chetan Dalal & Sarang Dalal

2] Assurance analytics and data mining for auditors using pivot tables

Nikunj Shah

3] Dash Board Reporting Nikunj Shah

HUMAN DEVELOPMENT &TECHNOLOGY INITIATIVES COMMITTEE

ACCOUNTING & AUDITING COMMITTEE

Chairman: Nitin P. Shingala | Co- Chairman: Mihir C. Sheth

Convenors : Kinjal M. Shah, K. K. Jhunjhunwala & Mukesh G. Trivedi

Chairman: Harish N. Motiwalla | Co-Chairman: Rajesh R. Muni

Convenors : Abhay R. Mehta, Mukesh K. Glida & Nikhil D. Patel

Fees include Service Tax, Course Material, Lunch, Refreshments and ` 50/- towards BCAS Foundation.


5MARCH 2016

DATE: Friday, 22nd April 2016

TIME: 9 .15 am to 6.00 pm

VENUE: Navinbhai Thakkar Auditorium, Shraddhanand Road, Near Shiv Sagar Restaurant, Vile Parle (East), Mumbai 400057

FEES: ` 1600 + 232 (ST) = ` 1832/- for Members ` 1750 + 253 (ST) = ` 2003/- for Non Members

Fees include Service Tax, Course Material, Lunch, Refreshments and ` 50/- towards BCAS Foundation.

WHY THIS WORKSHOP?

The Finance Bill, 2016 has proposed several changes in the TDS provisions. The faculty will also deal with the amendments proposed in the Finance Bill, 2016.”

Understand the E-filing challenges and reconciliations.

Understand the implications of reconciliation of TDS deduction with Form 26AS

No. Topics Speakers

1 Section 192 and Section 194H Mr. Gautam Nayak

2 Section 194C and Section 194J Mr. Sudhir Nayak

3 Section 194A, Section 194I and Section 194IA Ms. Sonalee Godbole

4 Section 195 Mr. Anil Doshi

5 E-filing of TDS statements Mr. Avinash Rawani

WHO SHOULD ATTEND?

- Chartered Accountant

- CA Office Staff

- CA Students

- CFO and Controllers

- Corporate staff involved in finalisation of accounts

- Anyone interested in the subject

KEY TAKEAWAYS

- Learn the details of each section for TDS deduction and its calculations

- Learn the compliance parameters provided under each section along with interpretations to the recent amendments

- Reference to pronounced case laws specific to specific sections for better interpretation

- E-filing and its challenges Reconciliations with Form 26AS and its related challenges

FULL DAY WORKSHOP ON“PRACTICAL ISSUES IN TAX DEDUCTION AT SOURCE”

Chairman : Sanjeev Pandit | Co – Chairman : Ameet Patel

Convenors: Anil Doshi, Ganesh Rajgopalan & Jagdish Punjabi

Co-ordinators: Jagdish Punjabi

TAXATION COMMITTEE


6 MARCH 2016

STUDENTS ANNUAL DAY DETAILS

DAY AND DATE : Saturday, 11th June, 2016

TIME: 2.30 p.m. to 8 p.m. ( Followed by a Sumptuous Buffet Dinner )

VENUE: K.C. College Auditorium, 124, Dinshaw Wachha Road, Churchgate, Mumbai – 400 020

SPEAKER: Mr. Vishal Mehta, Founder, Infibeam.com

FEES: ` 100/- (inclusive of Service Tax)

For details regarding Audition Round and for online registration, please visit our website www.bcasonline.org

KEY ATTRACTIONS OF THE EVENT

- Town HallQ&AwithMr. Vishal Mehta, Founder, Infibeam.com

- Essay Writing Competition ‘Awaken the Writer Within’

- Slogan Writing and Sketch Competition ‘Leave Your Mark’

- Elocution Competition ‘Speak Up’

- Debate Competition ‘War of Words’

- Selfie Competition ‘ Khinch Le’

- Talent Show ‘ CA’s Got Talent’

- Spot Games and Lucky Draw for Audience with attractive prizes

- C ash Pr izes , Mementos , Cer t i f i ca tes and Rotat ing Trophies to Winners

- Kit and Certificate of Participation for all Student Participants.

WHO SHOULD ATTEND?

- CA Students

KEY TAKEAWAYS

- Build Your Network

- Unleash Your Potential

- Showcase Your Talent & get Recognition

- Be the Organiser

- Enjoy a Wonderful Evening with Friends

9TH JAL ERUCH DASTUR CA STUDENTS ANNUAL DAY

‘‘Tarang 2k16 –Tarasho Apne Talent ke Rang”An Annual Event for the Students, by the Students and of the Students

Chairman: Nitin P. Shingala | Co-Chairman: Mihir Sheth

Convenors: Mukesh Trivedi, K. K. Jhunjhunwala & Kinjal Shah

Co-Ordinators: Raj Khona & Viren Doshi



7MARCH 2016

RENEWAL OF BCAS MEMBERSHIP / JOURNAL SUBSCRIPTION 2016- 17

MEMBERSHIP / JOURNAL SUBSCRIPTION IS DUE FOR RENEWAL ON 31ST MARCH 2016

PLEASE RENEW YOUR MEMBERSHIP / SUBSCRIPTION AT THE EARLIEST

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


8 MARCH 2016

DAY & DATE: Saturday, June 18, 2016

VENUE: BCAS, 7, Jolly Bhawan 2, New Marine Lines, Mumbai-400 020

PROGRAM OUTLINE:Following extensive research with the target audience, the agenda has been designed to focus on the biggest challenges accounting firms and their partners face both operationally in day to day work and strategically as the CA profession dramatically changes shape.

WORKSHOP BACKGROUND :In order for an accounting firm to be successful, it is important to have a clear strategy: the path that the partners and their teams wish to travel in order to achieve their goals. Aimed exclusively at professional firms from a proprietor to mid-sized partnership firm, this one-day event will provide participants with a unique opportunity to discuss common challenges, share experiences and hear the latest thinking from experts who have built sustainable firms and your peers.

The workshop will help firms do this by examining the business and strategic planning processes, as well as more detailed policies that govern the development and implementation of the strategic plan within your firm.

In digital age, technology shall be a critical enabler of Practice transformation and growth. Technology helps professionals gain a competitive advantage by allowing them to innovate and service customer at a faster pace. The workshop shall address recent technological development and trends relevant to professionals.

WHO SHOULD ATTEND: Partners from small to medium firms

Proprietors and next gen in traditional firms trying to scale up their practices and stay relevant

KMP and Finance Professionals in start up

Strategic Decision Makers of SME

Participants will have a fantastic opportunity to network with peers and develop lasting relationships to create an eco-system and share their growth best practices for mutual life long learning.

KEY TAKEAWAYS:

Featuring an exceptional speaker panel of professional managers, this practice management program will help participants gain an understanding of:

•howtodevelopaneffectivegrowthstrategyforyourfirmand implement it

•howtomanagetheinternalandexternalrisksanewpracticefaces

•howtousetechnologymoreeffectivelyinbuildingapracticeand in client delivery

•howtoalignhumancapitaltofasttrackthegrowthofthefirm

•howtofacethechallengesofbuildingyourfirm

FULL DAY WORKSHOP ON PRACTICE MANAGEMENT & TECHNOLOGY

TOPICS SPEAKERSOpening Remarks (Hindrances, obstacles, breaking the shackles, using technology better)

Ameet Patel

Running a niche Professional Service Firm (Practical insights for SME firms to start a firm, build the firm and keep the firm aligned for growth)

Eminent Faculty

Aligning Human Capital (People as strategic assets and quantify their contribution to the firm)

Vaibhav Manek

Various tools/ softwares for CA firms (iFirm - tool for Practice Management)

Thomas Abraham - MD, Wolter Kluvers

Technology for CA firms (How should a CA/small firm think about technology as an enabler for growing their firms)

Eminent Faculty

Panel Discussion Ameet Patel, Nandita Parekh and Nitin Shingala

Chairman: Nitin P. Shingala I Co-Chairman: Mihir C.Sheth Convenors : Kinjal M. Shah, K.K.Jhunjhunwala & Mukesh G. Trivedi


FEES : Early Bird Discount

upto on and after

dt.31.05.16 dt 01.06.16

Member ` 1145/- ` 1431/-

Non Member ` 1489/- ` 1718/-

Fees include Service Tax, Course Material, Lunch,Refreshments and ` 50/-

towards BCAS Foundation.


9MARCH 2016

DATE: Saturday, 2nd April 2016

TIME: 3.00 p.m. to 7.00 p.m.

VENUE: BCAS, 7, Jolly Bhawan 2, New Marine Lines, Mumbai-400 020

FEES: ` 916/- Member ` 1,145/- Non Member

(Fee includes, Service Tax, Snacks, Tea / Coffee and Course Material)

All members are requested to enroll for this seminar at the earliest so as to avoid disappointment.

WHY THIS SEMINAR?

To enable people working with these Acts, to be updated on the current legal positions and to analyse their rights and liabilities under this Acts.

In view of numerous amendments and disputes and litigation at various forum, the knowledge of labour laws is paramount importance. The learned speakers will apprise the participants about the recent amendments and controversy in the labours laws.

Sr.no Topics Speakers

1 ESI, Bonus and Gratuity Act, Shop and Establishment Act Shri Ramesh Soni

2 PF Act, Maternity Benefit Act, and Sexual Harassment Act Shri Talakshi R. Dharod

WHO SHOULD ATTEND?

- Accounts Heads and Employees dealing with these Act

- Chartered Accountants involved in these matters

- Consultants addressing the above acts

KEY TAKEAWAYS

- Working knowledge of the above Acts

- A refresher course for a person to be updated on the above laws

- An opportunity to interact with some of the best consultants in this field

- To Understand the Rights and Liabilities associated with these acts

HALF DAY SEMINAR ON LABOUR LAWS

Chairman: Kanu S. Chokshi

Convenors: Jayant M. Thakur, Preeti Oza & Samir L. Kapadia

Co-ordinators : Manish Reshamwala & Preeti Oza

jointly with The Chamber of Tax Consultants

CORPORATE & ALLIED LAWS COMMITTEE


10 MARCH 2016

DATE: Friday, 18th March 2016

TIME: 9.15 a.m. to 5.30 p.m.

VENUE: Walchand Hirachand Hall, IMC, Churchgate, Mumbai – 400020

FEES: ` 1,717/- for Members ` 2,061/-for Non Members

Fees include Service Tax, Course Material,Lunch, Refreshments.Restricted to 125 participants only.

WHY THIS CONFERENCE?

International Taxation Committee of the Bombay Chartered Accountants’ Society is pleased to announce“Advanced FEMA Conference”, which is being jointly organised with the Chamber of Tax Consultants.

Objective of the conference: In the recent past, several amendments have taken place in FEMA regulations. The power to make regulations for various Capital Account Transactions has been transferred from RBI to Central Government. RBI has also issued Master Directions for various transactions and withdrawn Master Circulars.

The conference is planned to offer insight into advanced level issues on cross border transactions and to discuss intricacies on the above subject. To understand the Regulators’ perspective on these developments, therewillbe speakers from RBI and DIPP, and an interactive session with officials. The details of the conference are as under:

Topics SpeakersA. Regulator SessionKeynote address Mr. B. P. Kanungo,Executive Director, Reserve Bank of India

FEMA Issues from RBI perspective Mr. Shekhar Bhatnagar**Chief General Manager-in-chargeMr. A. K. Pandey, Chief General Manager, Foreign Exchange Department, Reserve Bank of India

FEMA Issues - DIPP Perspective Mr. Atul Chaturvedi, Joint Secretary, Department ofIndustrial Policy and Promotion

Question&AnswerSessionwithRBIofficials Moderator – CA. Dilip J. Thakkar, Officials from Regulator.

B. Session by Professional Speakers:Trade Transactions CA. Shabbir Motorwala

ECBs, Loan from non-residents Mr. Kumar Saurabh Singh, Advocate

WHO SHOULD ATTEND?

- Chartered Accountants

- Statutory Auditors

- Tax Practitioners

- International tax professionals

- Tax Leads / CFOs in the Industry

KEY TAKEAWAYS

- Understand the role of Central Government in framing regulations with regards to Capital Account Transactions

-UnderstandRBIs’roleinthenewdevelopment&changes

- Learn from the officals themselves the details of their roles and their experiences.

ADVANCED FEMA CONFERENCE

Chairman: Gautam S. Nayak | Co – Chairman : Deepak R. Shah

Convenors: Rutvik R. Sanghvi, Dhishat B. Mehta & Gaurang V. Gandhi

jointly organised with The Chamber of Tax Consultants

INTERNATIONAL TAXATION COMMITTEE


11MARCH 2016

Hi thr. Whassup? If u r hvng trouble rdng dis note n undrstndng it , wot u need 2 do is 2 attnd d Leadrshp Camp 2016. At dis camp, v intnd 2 make u aware of d gnratnal gap dat mny of us r bogged down by. D lingo datdisnteiswrttninrprsntsdvocablry&writingstyleof2day’sgnratun.

Even if that is not ok with you, you gotta accept it.

Hey wait!

Even if you do understand whatever is written above, you still need to attend the Leadership Camp 2016 because you need to understand why others don’t understand what’s written above!

So, what say?

Interested?

Read on!

Leading & Co-creating across Generations– Art of Relationships & Influencing

Context:

With60percentof India’spopulationbelow35yearsofage, India istheyoungestnation intheworldandexpected to grow younger. This poses both an opportunity and a challenge for people in all age groups. Today’syoungstershavenever known theworldwithout the internet. Thisgeneration isgrowingupwiththeirparentsrequiringtotreatthemasfriendsandlearntogetherwiththemastheydon’trespondtotop-down command and control approach. The youth have very different expectations from life, jobs and money and have a drastically different outlook from the generations before who are used to a more traditional hierarchy of large corporate firms and long stable careers. While the generational differences have always posed challenges, it has accentuated in the recent times with sharper differences in attitudes, values, beliefs and motivations. These differences easily lead to misunderstanding, miscommunication and even outright conflict in the workplace or at home. In this backdrop, it becomes very important, for the Seniors as well as the Youngsters, to learn some of the myths, realities and evolving norms surrounding this emerging inter-generation issues and learn the art of influencing and building relationships across generations.

The BCAS Leadership Camp 2016 has been conceptualized to help the participants:

•Understandwhatitmeanstobehumanandappreciatesimilaritiesanddifferencesbetweengenerations – in attitudes, feelings, behavior- and connect with the heart of it all. Family - Immediate, Grand Children, Extended family, staff at home Office - Juniors, Colleagues, Supervisors, Bosses, Clients, Customers & other stakeholders •Handletypicalsituationswherecollaborationandempathyarethekeysandwhereconflictsarise.•Becomeinspiringyetnotimpinging,caringbutnotcontrolling,guidingbutnotexpecting•Understandhowtoempowertoday’syouthandequallybeinspiredbythemandharnesstheirenergy and passion- to learn together. •Decipherhowdifferentgenerationsandmindsetscanlearnandleveragefromtheexperienceandthe wisdom of each other.

LEADERSHIP CAMP 2016


12 MARCH 2016

CONTENT:

To be able to lead across generations in the current times, is to learn the art of building healthy relationships.

To be able to co-create.The act of Influencing is essentially the art of Inspiring.And that requires us to listen deeply to ourselves, to the other and to life itself.

We will work at 4 levels in this retreat:

1. The Mind of Co-creative Leadership (Thinking):Attitudes and mindsets that bring true power and receptivity, Understanding Response-ability, freedom, deep acceptance, positive intention and the network reality- different from a hierarchical story of the past.

2. The Heart of Co-creation (Feeling):This is the domain of feelings – how to deal with anger, fear, sadness which derail healthy relationships and how to build the skills of deep listening, authentic speaking, enabling wonder and silence- the essence of dialogue and influencing.

3. The Body of Leadership (Action) :This has to do with awakening the connection with body and breath, with an intelligence to act from a place of clarity. This also has to do with understanding the tangible world of time and space. And how it relates to the intangible.

And

4. The Spirit of Co-creative Leadership (Being):At the core of each of us is a greatness that lies beyond effectiveness, a power that is very different from force, a beauty and a love that everything springs from. How do we connect with that truth of our being? How may we connect with Source & Presence from which effortless ease flows.

PROCESS :

We will be using a variety of experiential and interactive methodologies that make learning come alive. A safe space will be created for us to share deeply and look within with honesty and care. A combination of Energizers, Role Plays, Open Space, deep dialogue and whole body breath and movement will make the methodology of the gathering.

AND JUST WHO WILL HELP US IN THIS ENDEAVOUR?Kiran Gulrajani & Arjun Som

Kiran Gulrajani is the founder and Chief Ecological Officer of CoEvolve www.CoEvolve.inHe has been in this field of developing Leadership Consciousness resulting in Organizational evolution since 1996. He has been a Leadership & Life Coach for CXOs and also develops facilitators and professionals who coach senior leaders. The vision of CoEvolve is to enable greatness in people, leaders, businesses and ecosystems; To awaken Conscious Leadership in fields of business, education, health, and community.

Kiran’sgiftistoconnect,inspireandmanifestthehiddenbeautyinsuccessfulprofessionalsinhisownandother fields thus building a vibrant ecosystem of facilitators & coaches, mostly in India and some overseas (Singapore, USA, S.Africa, Nepal). His unique program, ‘Tao of Leadership… Coaching, Facilitation & Co-creation’isalignedtoConscious Capitalism . His writing also inspires deep shifts in inner leadership and relationship transformation. (www.CoEvolveWithKiran.wordpress.com) He currently integrates his work with Values & Cultural transformation of the Barrett Values framework (www.ValuesCentre.com) which is being used in 90 countries. He is currently the only accredited Partner in India.

Kiran’sworkhastouchedpeople indozensof leadingcompanies&thousandsofpeopleacrossdiversesectors including Banking & Finance, Infotech, FMCG, Automotive, Service Sectors and more. His life work has impacted the lives of several CEOs andsenior leadership. He has contributed to clients like Oracle, Cisco, P&G, J&J, Honeywell, Unilever and many others.


13MARCH 2016

HeisdeeplyinspiredbyLaoTsu,J.KrishnamurtiandRamanaMaharshi.Kiran’sworkintegratesthebestofeastern and western wisdom. He is a B.Tech from IIT Bombay (1986) and did his MBA at XLRI Jamshedpur (1990) and worked in the corporate world for 8 years with HCL and ITC Packaging before getting into this field, initially partnering with Pragati Learning and then starting his own business.

Arjun Som is a young and gifted coach who supports Kiran in working with individuals and professionals. He has had experience previously with Career Kraft, a youth organization that inspired people to build careers of meaning and passion.

His unique gift is simplicity and a contact with the space of love and truth which effortlessly enables a contact with reality. His passion is coaching and he has touched the lives of hundreds of people.

In working together, Kiran and Arjun actually embody how to learn together and co-create across generations.

Programme Details:

Days Thursday, Friday, Saturday

Dates 14, 15, & 16 April, 2016

Venue: Moksha Resort, Village Kadadhe, Pawna dam Road, Near H. P. Petrol pump, Via.:-Kamshet, Maval, Dist.:-Pune- 412406. Phone: +91 9867212951, +91 9029471673

Participation Fees Member accompanied with Spouse:

` 8250+ (Service Tax @14.5%=1196) ` 9446 per person

Member Single: ̀ 8750 +Service Tax @14.5%=1269) ` 10019

Fees Include stay, food, training and study material

Venue has 12/13 Rooms on twin sharing. Members coming with spouse will be allotted on first come first basis. Remaining Rooms will be on triple sharing.

Chairman: Nitin P. Shingala

Co- Chairman: Mihir C. Sheth

Convenors: Mukesh G. Trivedi, Krishna Kumar Jhunjhunwala & Kinjal M. Shah



14 MARCH 2016


15MARCH 2016


16 MARCH 2016


17MARCH 2016


18 MARCH 2016

BCAS on the web

• BCASon theweb:Logon tohttp://www.

b c a s o n l i n e .o rg / k n ow l e d g e re s o u rc e s .

aspx and open yourself to a universe of

knowledge. Find events, lecture meetings

& RRC papers here.

• Missed any event? Now you can watch

our events on BCAS Web TV. Also watch

our old videos on You Tube Channel.

• Know what ’s latest and happening

at BCAS, fol low us on Twitter and

Facebook.

• Connect with us at LinkedIn to get a l l

updates of our events and publ icat ions.

BOMBAY CHARTERED ACCOUNTANTS’ SOCIETY

Staff Contact Details

Sr. No Name Role Email ID Direct Line1 Ms. Shital Monde, Reception Board Line [email protected] 613776002 Mr. Amit Singh, Events Manager Co-ordinator for Lecture meetings, Seminars,

Workshops & Residential [email protected] 61377606

3 Mr. Javed Siddique, Events Manager

Co-ordinator for Lecture meetings, Seminars, Workshops & Residential Courses

[email protected] 61377607

4 Ms. Reema Pawar, Events Executive

Co-ordinator for meetings and study circles at BCAS office


5 Ms. Madhuri Haware, Asst. Knowledge Manager

Journal & Newsletter Production [email protected] 61377613

6 Ms. Raaghini Wazacz, Member Services

Membership, Imprest, Publications and Online Payments

[email protected], [email protected]@bcasonline.org

61377623

7 Mr. Manoj Lokhande, Front Desk Executive

Enrollments and Collections [email protected] 61377600

8 Mr. Prakash Palsamkar, Front Desk Executive

Enrollments and Collections [email protected] 61377600

9 Ms. Rathi Nair, Secretary to President

Executive Assistant [email protected] 61377612

10 Mr. Upendra Hisaria, Office Manager

General Office Administration [email protected] 61377611

11 Ms. Jyoti Malkani, General Manager

Escalations and all other matters not mentioned above.



19MARCH 2016

Subscribe Now!!!Lecture Meeting on “Direct Tax Provisions of the Finance

Bill, 2016” by S.E. Dastur held on 4th March, 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 687

Journal R 687

Non-members R 687

Students WEB TV service complimentary with annual subscription.

*Inclusive of Service Tax.


20 MARCH 2016


21MARCH 2016


22 MARCH 2016

FROM RBIContributed by : Gaurang V. Gandhi

The Reserve Bank of India has issued the following 10 circulars

A. P. (DIR Series) Circular No. 43 [(1)/7(R)] dated February 4, 2016Notification No. FEMA 7(R)/2015-RB dated January 21, 2016Foreign Exchange Management (Acquisition and Transfer of Immovable Property outside India) Regulations, 2015

This Notification repeals and replaces the earlier Notification No. FEMA 7/2000-RB dated May 3, 2000 pertaining to Foreign Exchange Management (Acquisition and Transfer of Immovable Property outside India) Regulations, 2000.

A. P. (DIR Series) Circular No. 44 [(1)/10(R)] dated February 4, 2016Notification No. FEMA 10(R)/2015-RB dated January 21, 2016Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015

This Notification repeals and replaces the earlier Notification No. FEMA 10/2000-RB dated May 3, 2000 pertaining to Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2000.

A. P. (DIR Series) Circular No. 45 [(1)/6(R)] dated February 4, 2016Notification No. FEMA.6(R)/2015-RB dated December 29, 2015Foreign Exchange Management (Export and Import of Currency) Regulations, 2015

This Notification repeals and replaces the earlier Notification No. FEMA 6/2000-RB dated May 3, 2000 pertaining to Foreign Exchange Management (Export and Import of Currency) Regulations, 2000.

A. P. (DIR Series) Circular No. 46 [(1)/9(R)] dated February 4, 2016Notification No. FEMA.9(R)/2015-RB dated December 29, 2015Foreign Exchange Management (Realisation, repatriation and surrender of foreign exchange) Regulations, 2015

This Notification repeals and replaces the earlier Notification No. FEMA 9/2000-RB dated May 3, 2000 pertaining to Foreign Exchange Management (Realization, repatriation and surrender of foreign exchange) Regulations, 2000.

A. P. (DIR Series) Circular No. 47 [(1)/11(R)] dated February 4, 2016Notification No. FEMA.11(R)/2015-RB dated December 29, 2015Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015

This Notification repeals and replaces the earlier Notification No. FEMA 11/2000-RB dated May 3, 2000 pertaining to Foreign

Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2000.

A. P. (DIR Series) Circular No. 48 [(1)/15(R)] dated February 4, 2016Notification No. FEMA.15(R)/2015-RB dated December 29, 2015Definition of “Currency”, 2015

This Notification repeals and replaces the earlier Notification No. FEMA 15/2000-RB dated May 3, 2000 pertaining to the Definition of “Currency”.

A. P. (DIR Series) Circular No. 49 [(1)/18(R)] dated February 4, 2016Notification No. FEMA. 18(R)/2015-RB dated December 29, 2015Post Office (Postal Orders / Money Orders), 2015

This Notification repeals and replaces the earlier Notification No. FEMA 18/2000-RB dated May 3, 2000 pertaining to Post Office (Postal Orders / Money Orders).

A. P. (DIR Series) Circular No. 50 dated February 11, 2016Compilation of R-Returns: Reporting under FETERSThis circular proposes the following changes, which have to be implemented not later than April 1, 2016: -

1. Web based data submission by AD banks

With regards to reporting under the Foreign Exchange Transactions Electronic Reporting System (FETERS) the following changes will come into effect with respect to transactions that are to be reported from April 1, 2016: -

a. The present email-based submission will be replaced by web-portal based data submission.

b. Nodal offices of banks will have to access the web-portal https://bop.rbi.org.in with the RBI-provided login-name and password, to submit the required data.

c. Banks have to download RBI-provided validator template from this portal on their computer and perform off-line check of their FETERS data-file for error, if any, before its submission on the portal.

d. On uploading validated files, banks will get acknowledgment.e. Banks can report addition of AD code and update AD

category for incorporation in the AD-master database with RBI.

f. With the discontinuation of ENC.TXT and SCH3to6.TXT files in FETERS, the purpose codes P0105 [Export bills (in respect of goods) sent on collection – other than Nepal and Bhutan] and P0107 [Realization of NPD export bills (full value of bill to be reported) – other than Nepal and Bhutan] have become defunct and are, therefore, discontinued.

2. Revision in Form A2Transactions relating to the Liberalized Remittance Scheme (LRS) in FETERS and On-line Return Filing System (ORFS),


23MARCH 2016

must now be reported under their respective FETERS purpose codes (e.g. travel, medical treatment, purchase of immovable property, studies abroad, maintenance of close relatives; etc.) instead of reporting collectively under the purpose code S0023.

The revised purpose codes are as under: -

Sr.

No.

Items under LRS Corresponding

FETERS purpose

codes, if transaction is

identified under LRS

1 Opening of foreign currency account

abroad with a bank under LRS

S0023

2 Purchase of immovable property S0005

3 Investment in equity, debt, JV,

WOS, ESOP, IDR

S0001, S0002, S0003,

S0004, S0021, S0022

4 Gift S1302

5 Donations S1303

6 Travel (business, pilgrimage,

medical treatment, education,

employment, personal)

S0301, S0303, S0304,

S0305 & S0306

7 Maintenance of close relatives S1301

8 Medical Treatment S1108

9 Studies abroad S1107

10 Emigration S1307

11 ‘Others’ suchas loan toNRIclose

relatives and health insurance

S0011, S0603

Revised Form A2 introducing a check-box for LRS transactions as well as clubbing the ‘Application cum Declarationfor purchase of foreign exchange under the Liberalized Remittance Scheme of USD 250,000’ is Annexed to this circular.

3. Online submission of Form A2 by the remitter

Banks offering internet banking facilities to their customers must allow online submission of Form A2 and also enable uploading / submission of documents, if and as may be necessary, to establish the permissibility of the remittances. Remittances that do not require any documentation (e.g. certain transactions under the LRS) must be put through on the basis of Form A2 alone.

To start with, remittances on the basis of online submission alone will be available for transactions with an upper limit of USD 25,000 (or its equivalent) for individuals and USD 100,000 (or its equivalent) for corporates.

A. P. (DIR Series) Circular No. 51 dated February 11, 2016Regulatory relaxations for start-ups – Clarifications relating to acceptance of payments

This circular clarifies that a start-up with an overseas subsidiary, which has a appropriate contractual arrangement between itself, its overseas subsidiary and the customers concerned, is permitted to: -

1. Open foreign currency account abroad to pool the foreign exchange earnings out of the exports / sales made by it .

2. Pool its receivables arising from the transactions with the residents in India as well as the transactions with the non-residents abroad into the said foreign currency account opened abroad in its name.

3. Avail of the facil ity for realizing the receivables of its overseas subsidiary or making the above repatriation through Online Payment Gateway Service Providers (OPGSPs) for value not exceeding US $ 10,000 or such limit as may be permitted by RBI from time to time.

Balances in the said foreign currency account that are due to the Indian start-up must be repatriated to India within a period as applicable to realization of export proceeds (currently nine months).

A. P. (DIR Series) Circular No. 52 dated February 11, 2016Regulatory Relaxations for Startups – Clarifications relating to Issue of Shares

This circular, with respect to facilities available to start-ups, clarifies as follows: -

1. Issue of shares without cash payment through sweat equity

Indian companies can issue sweat equity under a scheme drawn either in terms regulations issued under: -

a. The Securities Exchange Board of India Act , 1992 in respect of l isted companies; or

b. The Companies (Share Capital and Debentures) Rules, 2014 notified by the Central Government under the Companies Act 2013 in respect of other companies.

2. Issue of shares against legitimate payment owed

Indian companies can issue equity shares against any other funds payable by the investee company (e.g. payments for use or acquisition of intellectual property rights, for import of goods, payment of dividends, interest payments, consultancy fees, etc.), remittance of which does not require prior permission of the Government of India or RBI under FEMA, 1999 and complies with the FDI policy and applicable tax laws.


24 MARCH 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 Narayan Varma 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 a.m. to 5.30 p.m. on Monday to Friday and 10.30 a.m. to 1 p.m. on Saturday. The lunch time is 1.30

p.m. to 2 p.m. 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 : ........................................... Tel. : .......................... Fax : ..............................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

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orm

Study Circle on Analysis of Finance Bill,2016 ........................................................... 17.03.2016.........................................................................................................................................................

Advanced FEMA Conference ................................................................................... 18.03.2016........................................R1,717 per Member.................... R2,061 per Non-member...................

Eye Camp 2016 ...................................................................................................... 20.03.2016.........................................................................................................................................................Leadership Camp 2016 ........................................................................................... 14.04.2016 to 16.04.2016............... R9,446 per person for Member with Spouse,.............................................

R10,019 per Member,single.......................................................................

Study Circle

Conference

Camp

Udat Abeel Gulal.......................................................................................................19.03.2016........................................................................................................................................................

9th Jal Eruch Dastur CA Student Annual Day..............................................................11.06.2016.......................................R100........................................................................................................

Event

3rd Youth Residential Refresher Course.....................................................................17.04.2016 to 19.04.2016.................Early Bird upto 25.03.2016.............. R8,015 .............................................. after 25.03.2016............ R9,160..............................................

Full Day Workshop on Practical Issues in TDS ..........................................................22.04.2016....................................... R1,832 per Member....................R2,003 per Non-member..................

Full Day Workshop on Fraud Reporting etc............................04.06.2016................. Early Bird upto 15.05.2016................. R1,145 per Member........... . . . ... R1,489 per Non-member.................. on or after 16.05.2016..................... R1,431 per Member............. . . . ..R1,718 per Non-member..................

Full Day Workshop on Practice Management & Technology..18.06.2016...................Early Bird upto 31.05.2016................ R1,145 per Member............. . . ... R1,489 per Non-member.................. on or after 01.06.2016.................... R1,431 per Member.................. R1,718 per Non-member..................

Residential Course

Workshop

Half Day Seminar on Labour Laws. .......................................................................... 02..04.2016..................................... R916 per Member........................ R1,145 per Non-member..................

Seminar

BCAS Study Circles 2015–16

Study Circle No. Subject Fee Tick your

choice here

I Direct Tax Laws 458*

II Indirect Tax Laws 458*

III Company Law, Auditing & Accounting 458*

IV FEMA 458*

V Information Technology 458*

VI Human Resource Development 458*

VII ITF 1,145*

VIII BCAS Suburban Study Circle 687*

IX International Economics 1,145*

X Students Study Circle 229*

Study Circle No. Subject Fee Tick your

choice here

* Inclusive of Service Tax of 14.5%


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