Search, Settlement &
Income Tax Issues Arising Out of Purchases from Suspicious Dealers as
Declared by Sales Tax Department, 22nd May 2013, at the Indian
Merchants’ Chamber, Churchgate
L to R: Mr. Samir Kapadia, Mr. Chetan Karia (Speaker), Mr. Deepak Shah (President), Mr. Ankit Shah
Mr.
Chetan Karia, Chartered Accountant, highlighted various issues raised
by the Income Tax authorities Maharashtra VAT based on information from
bogus purchases including tax requirements of law pertaining to
genuineness of purchases and the significance of statements
recorded/affidavits obtained by VAT Dept. The 400 participants included
professionals from industry, senior members & students. The video
recording of the same is available at the www.bcasonline.tv to all
subscribers.
Service Tax Voluntary Compliance Encouragement Scheme, 5th June 2013, at the Indian Merchants’ Chamber, Churchgate
L to R: Mr. Mukesh Trivedi , Mr. Sunil Gabhawalla (Speaker), Mr. Deepak Shah (President), Mr. Suhas Paranjape
Mr.
Sunil Gabhawalla, Chartered Accountant, introduced the Voluntary
Compliance Encouragement Scheme (VCES) to the participants. He explained
the Process, Pivots, and the eligibility of VCES. He also talked about
the Tax Dues & Immunity of VCES under various sections and gave a
bird’s eye view of the newly introduced scheme. The full house audience
consisting of senior and junior members of the profession as well as
students, gained immensely from the knowledge shared by the learned
speaker. The presentation of the Speaker is available at www.bcasonline.
org for members’ benefit and the video recording of the same is
available at the www.bcasonline. tv to all subscribers.
Recent
Important Issues in Corporate Taxation including Domestic Transfer
Pricing, 12th June 2013 at the Indian Merchants’ Chamber, Churchgate
The
lecture by Mr. Rajan Vora, Chartered Accountant, and past president of
the Society began with an overview on the provisions, implications of
the amendment, challenges faced by taxpayers. Initiated & organised
by our International Taxation Committee, the topics deliberated at the
Meeting were based on the developments on Key amendments made by the
Finance Act 2013, covering Implications of increase in tax rate of
royalty and FTS – section 115A, Implications of amendment pertaining to
Real estate transactions – section 43CA, 56(2)(vii) (b), 194LA,
Taxability of buy back of shares of unlisted companies, investment
allowance section 32AC. Also the topic on recent judicial precedents on
various issues –issues arising on taxation of intangibles, Taxability of
lease transactions/ finance transactions/ sale and lease back
transactions, issues on disallowance u/s. 14A, Penalty u/s. 271(1)(c),
reopening u/s. 147, stay of demand. More than 350 people had the
opportunity to be enlightened by the speakers’s in-depth and vast
knowledge on
L to R: Mr. Deepak Shah (President), Mr. Chetan Shah , Mr. Rajan Vora (Speaker), Mr. Jagdish Punjabi
Taxation
provisions, implications, and challenges that a tax payer would face.
The presentation of the Speaker is made available at www.bcasonline. org
for members’ benefit and the video recording of the same is available
at the www.bcasonline.tv to all subscribers.
Other Programs
BCAS
Referencer 2013-14 Release Function with BCAS Variety Performance Show,
7th June 2013, at Navinbhai Thakkar Auditorium, Vile Parle (E)
Inauguration of 7th Residential Study Course on Service & VAT by lighting a lamp
Membership
& Public Relations Committee organised the BCAS Referencer 2013-14
Release function. The launch programme saw an overwhelming response with
above 350 participants including BCAS Members, their families and
Students.The release of the Referencer was at the hands of Padma Bhushan
Dr. Suresh Advani, Oncologist. He also delivered a very encouraging and
motivating speech. The programme included well packed variety show
performed by BCAS members and their families. Talented individuals
presented songs, dances, a skit and played instruments. The host took
the audience on an entertainment spree with one minute games to offer
spot prizes to the participants. The programme concluded with a
sumptuous dinner. The video recording of the same is available at the
www. bcasonline.tv to all subscribers.
L
to R : Mr. Narayan Pasari, Mr. Rajesh Muni, Dr. Suresh Advani (Chief
Guest), Mr. Deepak Shah (President), Mr. Naushad Panjwani, Mr. Ashish
Fafadia
Train the speaker within, 4th, 11th, 18th & 25th May 2013 at Direct-i-plex, Andheri (E)
The
Human Resources Committee organised this workshop under the auspices of
the Amita Memorial Trust. The workshop was inaugurated by Mr. Pradeep
Shah, Past President of BCAS, along with Mr. Mayur Nayak, Chairman HR
Committee. Both motivated the participants through their brief but
effective speeches.
Mr. Vivek Patki in his unique way explained
the theory and practice of the subject and covered a range of
communication situations, giving valuable insight to the participants.
It
was an enjoyable learning time for the 32 participants who benefited
from attending this unique workshop. The learning came through speech
writing, practicing delivery, video recordings, observing replays, and
coach feedback. A request for more such programmes to boost their
knowledge and confidence in Communication and other Personality
Development and Management Skills was voiced. The participants were also
interested in meeting at regular intervals to share their speaking and
communication experience.
7th RSC on Service Tax & VAT, 14th June to 16th June 2013, at Hotel Express INN, Nashik
The
Indirect Taxes and Allied Laws Committee organised this Residential
Study Course which was attended by nearly 150 participants from various
cities like Nashik, Mumbai, Hyderabad, Secunderabad, Chennai, Ahmedabad,
Indore & Pune.
The conference was inaugurated by Shri
Sushil Solanki, Commissioner – Service Tax – I, Mumbai. In the
inauguration speech, he presented his thoughts on VCES, 2013 and other
issues.
The paper writers presented 3 discussion papers and 2 presentation papers on various subjects as mentioned in the Table.
Felicitation of BCAS Past Presidents’, 10th June 2013, at Indian Merchants’ Chamber, Churchgate
The
Society arranged a felicitation programme where Past Presidents who had
or were about to cross 75 years of age, and yet continue to be young at
heart and full of energy when it comes to their association with BCAS
were felicitated as a token of deep sense of gratitude and respect.
The
glorious superstructure of BCAS is built on the pillars of values and
vision that were created by these early leaders of BCAS. On this event
Shri S. E. Dastur, Senior Advocate graced the occasion by delivering his
Key note address and sharing his experience with the fellAAow members. The audience enjoyed the words of wisdom by the Keynote speaker and also the experiences shared by each felicitated past president. The programme ended with a sumptuous dinner.
Table : Papers at RSC on Service and Vat
