Subscribe to the Bombay Chartered Accountant Journal Subscribe Now!

November 2011

Practical Issues — Transfer Pricing Documentation and Certification

By Nitin Shingala, Chetan Shah, Chartered Accountants
Reading Time 4 mins
fiogf49gjkf0d
Lecture Meetings

Practical Issues — Transfer Pricing Documentation and Certification

This lecture meeting was addressed by Rakesh Alshi, Chartered Accountant on 11th October 2011 at Walchand Hirachand Hall, IMC. The speaker gave an energetic presentation on the practical aspects of transfer pricing documentation in detail with many pertinent and relevant examples and answered many questions from the audience. The meeting received very enthusiastic response and was very well attended.

L to R: Rakesh Alshi, Speaker, Chetan Shah, Pradip Thanawala, President and Surin Kapadia

Other programmes

Workshop on Filing of Service Tax Returns

Half day workshop on ‘Filing of Service tax Returns’ was held on Friday, 7th October, 2011 at the Society’s premises and was attended by approx. 100 participants. The programme schedule included presentation and replies to the queries by the service tax officials viz. Sushil Solanki, Commissioner of Service Tax-I, Mumbai, Rishi Goel,


L to R: Sushil Solanki, Speaker, Suhas Paranjpe, Govind Goyal, Pradip Thanawala, President, and Rishi Goyal

Joint Commissioner of Service Tax and V. V. Brahmashatriya, Superintendent of Service Tax and also by the speakers of the evening Puloma Dalal and Sunil Gabhawalla, both Chartered Accountants.

Integrated Security Management — Practice Approach

On Saturday, 8th October 2011, the ‘Gulmohar’ conference room of BCAS was the venue for a unique event organised by the Information Technology & 4i Committee. An introductory workshop on ‘Integrated Security Management’ was conducted for the BCAS members by ‘Secure Matrix’ — an organisation specialising in the subject. The compact group of participants got an insight into the exciting and challenging world of ‘Information Security’ under the able guidance of Saurabh Dani and Dr. Harrold D’Costa, well known experts in this area.

Mr. Dani explained the importance of Information as an asset to the organisation and the need to secure the same. He explained the various vulnerabilities that exist in a computerised environment and thus the risks that an organisation is exposed to and how these vulnerabilities can be addressed by doing a vulnerability assessment. According to Mr. Dani, generally, IT vulnerabilities arose mainly from application software (85%), Operating Systems (8%) and Devices (7%).


L to R: Ameet Patel, Nikunj Shah, Pradip Thanawala, President and Saurabh Dani,
Speaker

Dr. D’Costa briefly highlighted various types of cyber crimes, modern trends in cybercrimes and also some of the relevant provisions of the amended IT Act along with various practical case studies. He also shared with the audience a few tips for detecting forged emails. The importance of cyber data and identities was highlighted by him by referring to the cyber will of late Steve Jobs of Apple Computers.

The workshop was indeed an enriching experience for all the participants.

Public Meeting to celebrate 6th Anniversary of The RTI Act

BCAS Foundation joined Public Concern for Governance Trust (PCGT) and Indian Merchants’ Chamber’s Anti-Corruption Cell (IMC) to celebrate 6th Anniversary of the Right to Information Act, 2005 (RTI) on 12th October 2011 at Walchand Hirachand Hall, IMC.


L to R: Justice C.S. Dharmadhikari, Speaker, Narayan Varma, Julio Rebeiro, Speaker, Pradip Thanawala, President and Dara Gandhi, Speaker

Justice C. S. Dharmadhikari (retd.) delivered the keynote address and explained how Gandhiji’s objective was Freedom and not just Independence and this Freedom can be achieved only by increasing accountability and transparency through tools such as RTI.

Julio Rebeiro, Chairman — PCGT and Anti- Corruption Cell of IMC, Narayan Varma, Trustee — BCAS Foundation and PCGT, and Dara Gandhi, Trustee — PCGT, also addressed the audience and stressed on need to further strengthen RTI law and implementation. Students of Government Law College performed a street play highlighting how RTI can help in curbing menace of corruption in day to day life.

You May Also Like