BCAS Cricket Festival 2015 on Saturday, 21st March 2015
Amidst the World Cup fever, the Membership and Public Relations Committee of the BCAS organised the ‘Annual BCAS Cricket Festival 2015’ on Sunday, the 21st of March 2015, at The Jsm P. A. Mhatre Academy, Juhu under floodlights. The festival received a great response from the Core Group members, their families, BCAS Youth and BCAS Staff. More than 45 players registered for the event, and to keep the spirit live the players were divided into 3 teams–Red, Blue and Yellow. The teams were lead by the President, Vice President and Immediate Past President respectively. True sportsmanship and the spirit of the players, supported by the cheerful crowd, along with the DJ and live commentary made this evening a complete event.
There were two matches played. The first of those matches was played between the President XI and the Vice President XI, led by Shri Nitin Shingala (Red Team) and Shri Raman Jokhakar (Blue Team) respectively. The match was fiercely fought by both sides. The match was won by the Vice President XI in the last over. The decider was then played between the Vice President XI (Blue team) and the defending champions of the previous edition of the BCAS Cricket Festival led by Shri Naushad Panjwani (Yellow Team).
The match saw some good performances. Shri Anand Bathiya (Yellow Team) put all doubts to rest by slamming four sixes in one over and helped them to retain the title.
The following players received awards for their great performances:
The festival concluded with a sumptuous buffet dinner
Lecture Meeting on Climate Control – The World in Transition on 25th March 2015
The meeting was held at the Society Office, Mumbai. Mr. Joachim Golo Pilz, Advisor Renewable Energy, Brahma Kumaris, shared his insights on climate control. Green and clean technology offers one pathway to improving our relationship with Earth and building sustainable energies. He mentioned that real change in any social or environmental systems must begin, and be sustained in the minds and hearts of human beings. What the world needs is a profound shift in awareness – a shift in the thinking – that has created our current environmental crisis. He emphasised the role of accountants in bringing about a paradigm shift in the way resources are valued and accounted for by each stakeholder. Members present gained immensely from the knowledge shared by the speaker.
Lecture Meeting on Foreign Assets, Recent Disclosures & Related Developments on 15th April 2015
The meeting was held on 15th April, 2015 at the Walchand Hirachand Hall, IMC, Churchgate. The learned speaker, Mr. Dilip J Thakkar, spoke to a packed audience on the very topical subject of “Foreign Assets, Recent Disclosures & Related Developments”. Mr. Nitin Singhala, President of the BCAS, welcomed the audience and gave his introductory remarks.
Mr. Thakkar, in his opening remarks stated that when the topic was allotted to him it was more from the developments on the now famous “HSBC” bank accounts case. However subsequently the bill on black money, namely; “The Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 wast tabled in the Parliament and therefore he agreed to cover the salient features of the bill for the benefit of the audience.
Mr. Thakkar informed the gathering the manner in which the Indian Government got hold of the stolen data from the French Government. He then shared the experiences of the alleged account holders and the manner in which the assessments have been completed by the department. He narrated a few instances of how NRIs have been taxed on the income earned by them even though they are not liable to any tax on such income in India. He then discussed the various salient features of the new bill He felt that some of the provisions were stringent and brought back memories of FERA regime.
In the question answers session Mr. Dilip J. Thakkar cleared all the queries that were raised. The meeting was indeed a great learning for the participants.
The members may note that there was no audio or video recording of the lecture meeting.
Workshop on “Practical Issues in Tax Deduction at Source” on 10th April 2015
The Taxation Committee of BCAS has organised this workshop at Navinbhai Thakkar Auditorium, Vile Parle (East), Mumbai. The workshop was intended to keep the professionals updated with the recent developments in this field and the constant changes both in the regulatory as well as the compliance aspects of TDS provisions.
The following topics were covered at the workshop:
The workshop was a resounding success. All the key issues and challenges faced by professionals due to frequent changes in the law were addressed in detail. Many useful tips/steps were shared with participants to ease the process of getting TDS certificate u/s. 197.
5th Residential Study Course on IFRS/Ind AS from 19th to 21st February 2015
The 5th Residential Study Course (RSC) was organised by the Accounting & Auditing Committee of the Society in the lovely environment of Leadership Development Academy of Larsen & Toubro Limited at Lonavla in mid-February 2015.
Papers on the following topics were discussed/presented:
The group leaders competently discussed the paper in groups and communicated issues/concerns to each paper write before the papers were presented by the speakers. Group Leaders were Bharat Jain, Paresh Clerk, Prashant Daftary, Vijay Mehta, Hiren Shah, and Prasad Godse.
The RSC ended with a positive feedback from the participants expressing once again the need for this annual course.
The CDs containing papers and presentations discussed at the RSC will be released very soon.
