Lecture Meetings Charitable Trusts – Recent Issues, 15th January, 2014
Speaker Mr. Gautam Nayak, Chartered Accountant, explained at length recent issues related to taxation of Charitable Trusts. In his presentation, he covered various topics including circumstances under which the proviso to section 2(15) is attracted. He explained at length, the meaning of the term “education”, significance of Registration under section 12AA, carrying on of activity before registration, Taxability of Corpus Donations, deductibility of depreciation & Issues Raised in recent CAG Report. More than 300 participants benefited from the expert analysis of the speaker.
The presentation of the speaker is available at www. bcasonline.org for all members and video recording of the lecture is made available at www.bcasonline. tv for the benefit of Web TV subscribers.
L to R: Mr. Gautam Nayak (Speaker), Mr. Naushad Panjwani (President) and Mr. Rutvik Sanghvi
Important Income-tax Rulings of 2013, 29th January, 2014
Speaker Mr. Hiro Rai, Advocate, explained important cases adjudicated in 2013 and their key aspects. In his presentation, he covered important decisions and explained their Implications. BCAS publication “FAQ on e-TDS” was also released at the hands of the speaker in the presence of one of the co-authors of the book, Mr. Ameet Patel, who is also a Past President of BCAS. More than 350 participants attended and benefited from the expert analysis made by the speaker. The video recording of this session is made available at www.bcasonline.tv for the benefit of all Web TV subscribers.
L to R: Advocate Hiro Rai, (Speaker), Mr. Chetan Shah, Mr. Naushad Panjwani (President) and Mr. Nilesh Parekh
Commonly Found Mistakes in Financial Statements and SEBI Review of Qualified Audit Reports, 5th February, 2014
Speaker Mr. Nilesh Vikamsey, chartered accountant, through a PowerPoint presentation, touched upon commonly found mistakes in audited Financial Statements and SEBI Review of Qualified Audit Reports. He specially dealt with various mistakes in relation to SMC & SME under various Acts. He covered various issues and findings of FRRB e.g. Applicability of Accounting Standards, Method of Accounting, Exemptions and Relaxations in Accounting Standards in relation to small companies.
Mr. Nilesh Vikamsey ( Speaker), Mr. Nitin Shingala, Mr. Naushad Panjwani (President) and Mr. Manish Sampat
More than 350 participants attended this meeting and found it extremely useful. The presentation is made available at www.bcasonline.org for all members and video recording of the lecture is made available at www.bcasonline.tv for the benefit of Web TV subscribers.
Interactive Session on Various issues concerning Maharashtra VAT, Central Sales Tax, Profession Tax, Luxury Tax etc, 14th February, 2014
Indirect Taxes & Allied Laws Committee of BCAS arranged this interactive meeting where
L to R: Dr. Nitin Kareer, Commissioner of Sales Tax, Maharashtra, Mr. Nitin Shaligram, Mr. Govind Goyal and Mr. Suhas Paranjpe
Dr. Nitin Kareer, Commissioner of Sales Tax, Maharashtra dealt with various issues concerning Maharashtra VAT, Central Sale Tax, and Profession Tax and Luxury Tax. Nearly 200 participants attended the meeting. The video recording of this discussion is made available at www.bcasonline.tv for Web TV subscribers.
Spirit of Service: Connecting to the Inner-Net, 18th February, 2014
Mr. Nipun Mehta was the guest speaker at the 18th Lecture organised under the auspices of Amita Memorial Trust, jointly with the Chamber of Tax Consultants.
After a welcome by Mr. Pradeep Shah, Past President of the Society, the learned speaker Mr. Nipun Mehta presented a radically different way of looking at life and its purpose.
He also shared real life examples of how each act of kindness, gifts, no matter how small it may be, contributes for improvements in the world. He showed the audience how we can connect people to the path of love, spirit of service and pledge to spread smile on as many faces. Ms. Nandita Parekh shared few words in the loving memory of her sister, Amita and proposed vote of thanks to Mr. Mehta.
L to R: Mr. Naushad Panjwani (President), Mr. Pradeep Shah, Mr. Nipun Mehta (Speaker) and Mr. Yatin Desai
Nearly 200 participants had the benefit of attending this inspiring meeting. The presentation & video recording of the lecture is made available free at www.bcasonline.org & www.bcasonline.tv respectively for the benefit of all members and Web TV Subscribers.
Other Programmes
Seminar on Presumptive Taxation for Non Residents, 18th January, 2014
L to R – Mr. Nitin Shingala (Vice President), Mr. Anil Doshi, Ms. Geeta Jani (Speaker), Mr. Kishor Karia (Chairman, International Taxation Committee) and Mr. Dhishat Mehta
A full-day Seminar on the topic ‘Presumptive Taxation for Non-residents’ was organised by the International Taxation Committee of BCAS. The objective was to update the members on key presumptive tax provisions, make them aware of the controversies to enable them to avoid pitfalls. The topics and speakers were as listed in the earlier table.
103 Participants attended the seminar.
Residential Workshop on Important Provisions of Companies Act, 2013 for HPCL, 30th & 31st January, 2014
The BCAS organised 2 day training on Companies Act 2013 for Hindustan Petroleum Corporation Ltd., a leading PSU and a Fortune 500 company. The training was held at HPCL’s Management Development Institute at Nigdi, Pune. About 30 professionals from compliance, finance and commercial areas of HPCL from across the country attended this residential program. CAs Abhay Mehta, Raman Jokhakar and Manish Sampat carried out the interactive sessions at this event on behalf of the Society.
This was a first of its kind program BCAS held for a company as part of its vision of disseminating knowledge.
12th Leadership Camp/Spiritual Retreat, 30th January to 2nd February, 2014
12th Spiritual Retreat was held from 30th January 2014 to 2nd February 2014 at the picturesque location of “Chinmaya Vibhooti”, spread across in about 62 acres, surrounded by beautiful Sahyadri Mountains at Village Kolwan, (about 40 kms from Chandni Chowk, Pune). 40 participants enrolled for the Retreat. Participants also came from places other than Mumbai. Majority of the participants reached Chinmaya Vibhooti by 12.00 noon on 30th January 2014.
Participants of 12th Leadership Camp/Spiritual Retreat.
The retreat was based on the theme of “Holistic Well-Being”, and it was designed and conducted by Swami Swatmanandaji, an Acharya of Chinmaya Mission Mumbai.
The meetings were held in the state of the art auditorium.
The discussion on the topic was beautifully conducted by Swamiji, introducing participants to
the seven levels of transformation of an individual. Swamiji’s powerful talks were effectively supported by PowerPoint presentations, activities, a movie workshop, and hand-outs, as well as lots of Q & A sessions.
Participants were taken through the process of how transformations can be undertaken in important areas of life: (i) Physical (ii) Emotional (iii) Intellectual (iv) Social/Cultural and (v) Spiritual.
The retreat was a resounding success due to the wonderful synergy between the BCAS participants, Swamiji and his team, and the Chinmaya Vibhooti family.
Workshop on Photography, 1st February, 2014
Membership & Public Relations Committee of BCAS organised a Photography Workshop. Mr. Pradeep Ruparel took the participants through the fundamentals of digital photography, using SLR/ DSLR camera and explained different terminologies such as aperture, exposure & ISO etc. Participants, which included members and their family, had the benefits of learning practical as well as theoretical aspects of digital photography from this unique workshop.
