Convenor
CA Pinki Kedia : 98201 13781
Dy. Convenor
CA M.P. Reddy : 98200 99567
J. B. Nagar CPE Study Circle
OF WIRC OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
B 1, Gandhi Sadan, New Nagardas Road, Next to Pinky Talkies,
A n d h e r i ( E a s t ) , M u m b a i - 4 0 0 0 6 9 Te l . : 9 8 2 0 2 4 0 2 4 6
E-mail: jbnagarcpe@gmail.com Website: www.jbnagarca.org
VISION
Enlightening and Empowering
to Excel
The Best Study Circle for Thirteen Years in Succession
08
Beyond Standards
Dear Professional Colleagues,
Greetings!
Notice for Members
6th November 2015
We all know that CBDT has extended the due date for filing of Audit Returns up to 31st October, 2015 and all of you
must have completed the pending filing of Returns.
MCA has announced on 28.10.2015 relaxing the additional fees and extention of last date of filing of AOC-4, AOC-4
XBRL and MGT-7 E-forms under the Companies Act, 2013 up to 30th November, 2015 keeping in view of the various
requests received by them.
Your Study Circle is organizing Full Day Seminar on GST jointly with WIRC on 21st November, 2015 at Hotel
VITS and you are requested to take the benefit of the same.
Also your Study Circle is organizing Five Days “Intensive Course on Information Technology” jointly with
WIRC from 7th December 2015 to 11th December 2015 at Seminar Hall, All India Local Self Govt. Building,
Juhu Lane, Andheri (West), Mumbai and the program details are given separately. We request the members to
enroll in large numbers and take the benefit of the same.
The Public Meeting held on 25.10.2015 jointly with WIRC on “Awareness in Make in India & Smart Cities” and
“Issues in Deemed Conveyance & Redevelopment” was successful and we thank the faculty members and
participants for making the program successful.
Your Study Circle has supported the programs on “Installation of Litterbins” under Swachh Bharat Abhiyan on six
occasions during October, 2015.
WISH YOU ALL A VERY HAPPY DIWALI AND PROSPERIOUS NEW YEAR
With warm regards
For J. B. Nagar CPE Study Circle
Full Day
program on GST
CA Pinki Kedia
Convenor
98201 13781
Intensive
Course on
Information
Technology
To succeed in your mission, you must have single-minded devotion to your goal.”
Dr. Abdul Kalam
FORTHCOMING PROGRAMS & EVENTS
Day, Date & Time
15th November, 2015
Sunday
7.00 am to 8.30 am
15th November, 2015
Sunday
8.45 am to 1.15 pm
21st November,2015 Saturday
9.30 am to 6.00 pm
Full Day Seminar Jointly with WIRC
Fees : Members Rs. 1800/(Please add Rs.100/-towards
CABF) {inclusive of course
material, breakfast & lunch}
28th November,2015
Saturday
Jointly with WIRC
3.00 pm to 7.00 pm
Women Wing Program
29th November, 2015
Sunday
7.00 am to 8.30 am
29th November, 2015
Sunday
8.45 am to 1.15 pm
6th December, 2015
Sunday
7.00 am to 8.30 am
6th December, 2015
Sunday
8.45 am to 1.15 pm
7th December, 2015 to
11th December, 2015
4.30 pm to 8.30 pm
Intensive Course
Jointly with WIRC
Fees : Members Rs.3,000/->
(Please add Rs.100/-towards CABF)
{inclusive of course material,
breakfast & lunch}
Subject
Power Yoga
CPE
Speakers
Venue
Co-ordinators
CA Anil Sharma
9870708060
0
CA Malvika Mitra
CA Akshaya N Shah
9004076045
Assessment Procedure and
Appeal Procedures with specific
reference to Scrutiny Assessment
CA Vimal Punmiya
3
CA Hansi Mehrotra
Can CA become a Good
Wealth Manager
Full day program on GST
jointly with WIRC
(Details as attached)
6
Concurrent Audit of Banks
Professional Opportunities for
Women CA Members
Power Yoga
Power Yoga
Faculty Details are
attached
CA Minal Sathe
4
Eminent Faculty
0
Hotel-VITS,
Andheri Kurla Road,
Kondivita Lane,
Andheri (East)
Mumbai - 400 059
CA Anil Sharma
9870708060
CA. Rakesh Gupta
9819160820
CA Seema Mehta
9820513875
CA Krishna Kumar
7738357288
Shree Shakambhari
Corporate Park,
Plot No.156-8,
Chakravarti Ashok
Complex,
Nr Bombay Cambridge
School, J.B. Nagar,
Andheri (East),
Mumbai - 400 099
CA Seema Mehta
9820513875
CA Nayantika Shah
9820574707
CA Jalpa Varma
9619810234
CA Malvika Mitra
Adv P A Jani
Hotel Kohinoor,
Andheri Kurla Road
J B Nagar, Andheri (E),
Mumbai-59
4
Adv Ajay Singh
0
CA Jayesh Shah
9819043921
CA N M Bansal
9322338652
CA Kamlesh Kothari
9820083144
CA Malvika Mitra
CA Sandeep Maheshwari
Hotel Kohinoor,
Andheri Kurla Road
J B Nagar, Andheri (E),
Mumbai-59
4
Changing Trend in Practise related
to Capital Markets
(Details as attached)
CA Akshaya N Shah
9004076045
CA Anil Sharma
9870708060
Recent Audit Issues for Stock Brokers
& Depository Participants
Intensive Course on
Computer Skills /
Information Technology (IT)
CA Mahesh Bhageria
9821753019
CA Mahavir Jain
9821050238
CA Krishna Kumar
7738357288
CA Anil Sharma
9870708060
Preparation of Wills and Documentation
related to Succession Planning
Taxation Issues arising out of Wills,
succession planning, HUF
Hotel Kohinoor,
Andheri Kurla Road
J B Nagar, Andheri (E),
Mumbai-59
CA Bhavesh Vora
20
CA Alok Jajodia
CA Mitesh Katira
CA Sumit Fogla
CA Ashwin Dedhia
CA Varun Karasia
CA Sunil Gaitonde
CA Pramod Shinde
Mr Anil Singh
CA Sharad Agrawal
Seminar Hall,
All India Local
Self Govt.
Bldg, Juhu Lane,
Andheri (West),
Mumbai - 400 058
CA Akshaya Shah
9004076045
CA B.L. Maheshwari
9820070768
CA Mandeep Singh Talwar
9869136290
CA Kailash Kataruka
9619814133
CA Harsh Bajaj
9821044319
CA Manish Dedhia
9930883146
CA Rahul Agrawal
9819898201
CA Vijyatta Jaiswal
9322874586
CA Atul Mathuria
9892323031
13th December, 2015
Sunday
7.00 am to 8.30 am
CA Anil Sharma
9870708060
Power Yoga
0
CA Malvika Mitra
CA Akshaya N Shah
9004076045
Labour Laws
13th December, 2015
Sunday
8.45am to 1.15pm
CA Anish Kazi
CSR - Opportunities for CAs
Hotel Kohinoor,
Andheri Kurla Road
J B Nagar, Andheri (E),
Mumbai-59
4
CA Vipul Choksi
19th December 2015
Saturday, Jointly With WIRC
Women Wing Program
03.00 pm to 07.00 pm
Co-operative Society
Recent Changes in online
procedure for Cooperative
Societies & their auditors
20th December, 2015
Sunday
8.45 am to 1.15 pm
Valuation Of Shares/ Business
Eminent Faculty
4
Eminent Faculty
CA Sujal Shah
4
Financial Due Diligence
CA Parag Ved
Shree Shakambhari
Corporate Park,
Plot No.156-8,
Chakravarti Ashok
Complex,
Nr Bombay Cambridge
School, J.B. Nagar,
Andheri (East),
Mumbai - 400 099
CA Mahesh Bhageria
9821753019
CA N M Jain
916776977
CA Rahul Agarwal
9819898201
CA Nidhi Lalpuria
9322226910
CA Kinjal Jhaveri
9820975481
CA Preeti Agrawal
9029055526
A-52, AIPMA House
CA Anil Sharma
Street No.1,
9870708060
Nr.Tunga International CA Kamlesh Kothari
Hotel,
9820083144
MIDC, Andheri (E),
CA Shirish Pandit
Mumbai - 400 059
9820133126
Due Dates
06
Monthly Payment of Service tax
07
Payment of Income Tax TDS/ TCS
15
Payment of PF
21
Monthly MVAT & CST Return & Payment
(Return can be filed within 10 days if Payment is made within due date)
21
Payment of MVAT TDS & ESIC
30
Return of Income Tax / Wealth tax for all assesses liable to audit for Transfer
Pricing
30
Payment & Return of Employees Profession Tax - monthly
Online Discussion Yahoo group
Our study Circle has started a yahoo group for the benefit of members as well as non-members
wherein any registered member of that yahoo group can post any query, professional
information, article, clarification, news of professional interest online. our team of experts on
Direct taxes, Indirect taxes, Company Law Matters, Accounting Standards and other subjects
are taking all efforts to immediately address the query posted on this yahoo group. In addition,
members of this yahoogroup will also receive news and updates on professional matters in their
email. For becoming a member of this yahoo group you need to send a blank email to
jbnagarca-subscribe@yahoogroup.co.in.Interested members can also send their email IDs to
ca.bbnc@yahoo.com in case of any difficulty in online registration.
Dilli – Se
Dear Members,
5th November,2015
Some of the recent important developments for the profession are:
ICAI Elections- Exercise your Right:
Members are by now aware that the ICAI Elections, held every three years are now to
be held on 4th& 5th December, 2015. The polling percentage in Mumbai is generally far
lower than the smaller cities. It is not only our Right but our Duty to exercise our
Right of casting our vote and also encourage others to do the same. We should all
ensure that the polling percentage improves significantly in our city. Moreover, as
ours is a Single Transferable voting system, we must give as many preferences as
possible. This will enable us to select the best candidates to represent our profession.
CA Manoj Fadnis elected as the Deputy President of CAPA:
It is very heartening to note that our President CA Manoj Fadnis has been elected as
the Deputy President of Confederation of Asian & Pacific Accountants (CAPA) for a
period of two years. This prestigious position has been received by an Indian
President after a gap of 10 years. CAPA is the Regional Organisation representing
national accountancy organizations in the Asia-Pacific region.
Withdrawal of Five Guidance Notes on Accounting:
In the last Council Meeting held on 14th October,2015 , ICAI has decided to
withdraw
five Guidance notes as they are no longer relevant. A list of the same is hosted on
the
ICAI Website. Moreover, the Guidance note on Depreciation is being revised in view
of the changes in Companies Act, 2013.
Pre Budget Memorandum :
Members often have suggestions on Direct and Indirect Taxes. The ICAI is in the
process of preparing its Pre- Budget Memorandum. This is an opportunity for
members to submit their suggestions in relation to policy matters as well as
procedural matters which can be considered by ICAI whilst preparing its
Memorandum to be submitted to the Ministry of Finance.
In case you have any suggestions for the profession, kindly mail it to me at
sm@gmj.co.in.
Warm Regards,
Sanjeev Maheshwari
(Central Council Member)
(M) 98211 19043
sm@gmj.co.in
TWO DAYS INTERACTIVE RESIDENTIAL CONFERENCE WITH
DIFFERENT PROFESSIONALS ON LAW APPLICABLE
TO REAL ESTATE AND REDEVELOPMENT
J B Nagar CPE Study Circle of WIRC of ICAI jointly with The Chamber of Tax
Consultants and All India Federation of Tax Practitioners (WZ) has organised
“Two Days Interactive Conference with Different Professionals on Real Estate
& Redevelopment.”
About Conference.
Objective: Real Estate and Redevelopment is one of the areas where number of allied laws including
the Direct and Indirect laws are applicable.
Shelter is a basic human need, which has become a major challenge in the country, which is fast
urbanising. In such situations Redevelopment proves to be a win-win situation. With the property
rates appreciating day by day and availability of open plot getting scarce, builders today are looking
at redevelopment of housing societies and unlocking the potential of unused FSI. This residential
refresher course aims to give the participants a clear picture of the different aspects involved in the
Real Estate Development including redevelopment.
DAYS
Days, Dates & Times :
Venue
:
Saturday, 19th December, 2015, 10.30 a.m. to 5.00 p.m.
Sunday, 20th December, 2015, 8.30 a.m. to 6.00 p.m.
Silent Hill Resort, National Highway N o. 8, Vaitarna River Bridge, Manor,
Palghar-401 403. Tel.: 077-09004680/4679
Enrollment fees up to 30th November, 2015
Fees
` 5,500/- for Members (CTC, AIFTP (WZ), JBNSC)
` 6,500/- for Non Members
Enrollment fees after 30th November, 2015
Fees
` 6,000/- for Members (CTC, AIFTP (WZ), JBNSC)
` 7,000/- for Non Members
(The Fees include Stay on Twin Sharing basis, All Meals, Course Material and Service Tax)
SATURDAY, 19/12/2015
Speakers
Eminent Faculty
Inauguration & Keynote Address
Session I
Overview of Laws relating to Real Estate Development
Shri Sanjay Buch,
Advocate & Solicitor
Maharashtra Ownership Flat Act, 1963.
Maharashtra Housing Area and Development Authority, 1976
Maharashtra Apartment Ownership Act, 1970
Slum Rehabilitation Act, 1995
Land Acquisition Act – Recent Trends Consumer Laws –
Immovable Property Transfer of Property Act, 1882
Session II
CA Rajiv Luthia
Indirect Tax
Service Tax on Construction Industry (Issues and Controversy)
SUNDAY 20/12/2015
SESSION III
a. Direct Tax (Issues and Controversies) on Real Estate
Redevelopment Tax implications on (Tenant, Ownership, CHS)
Taxation of Joint Venture Taxation about the builders
Shri K. Gopal,
Advocate & Past President
SESSION IV
Issues arising while drafting Deeds and Documents such as
a.
Conveyance
b.
Deemed Conveyance
c.
Development Agreement, Joint venture agreements
d.
Power of Attorney
e.
Agreement for Sale
f.
Permanent Alternative Accommodation
g.
Mortgage deed
Chairman Eminent Faculty
Shri Nirav Jani, Advocate and
Solicitor
Stamp duty, Registration with special reference to above documents related to real estate.
SESSION V
Indirect Tax (Issues and Controversy)
CA Deepak Thakkar
MVAT –
Flat Owners
–
Land owners
–
Housing Societies
–
Developers
–
Contractors
SESSION VI
Funding arrangements for Real Estate Development for developers &
Self Redevelopment process and procedure including funding options, REIT
Brains’ Trust – Panel Discussion with some Specific Issues
(Direct Taxes, Indirect Tax, Drafting of Documents)
CA Sunil Goyal
Moderator
Shri Vipul Joshi, Advocate & Past
President
Panellist
Legal Documents
Shri K.K. Ramani,
Advocate & Past President
Direct Taxes
Shri K. Gopal,
Advocate & Past President
Indirect Tax
CA Deepak Thakkar
Takeaway : The participants will be able to gain clear understanding of the various
aspects like regulations, process, related agencies and tax implications among others of
Real Estate Development and Redevelopment of housing societies.
Note :
1. Conference will commence at 10.30 a.m. on Saturday, 19th December, 2015 and end
by 5.30 p.m. (after High Tea) on Sunday, 20th December, 2015.
2. Participants have to make their own arrangement for reaching Silent Hill Resort,
National Highway No. 8, Vaitarna River
Bridge, Manor, Palghar, Maharashtra 401403. Tel.: 077090 04680
3. In case of cancellation, no refund request shall be entertained.
4. Check-in time at Silent Hill Resort : Saturday, 19th December, 2015 at 12.00 noon (Early
Check-in can be availed on request)
5. Check-out time: Sunday, 20th December, 2015 at 10.00 a.m. We have arranged suitable
arrangements for Water Sports.
Please return the duly completed form along with Cheque / DD in favour of “J B Nagar CPE Study
Circle”. (Outstation members are requested to make the payment by At par Cheque / Demand Draft
only). For enrollment and any conference related inquiries, please contact Mr.Kamal Dhanuka –
Coordinator on 9833836221
Intensive course on Information Technology Jointly with WIRC
Venue : Seminar Hall, All India Local Self Govt. Bldg.,
20
CPE
Hours
Juhu Lane, Andheri (West), Mumbai - 400 058
Fees
: Rs.3,000/- for Members
(Inclusive of course material, snacks and tea in all session)
(Please add at least Rs.100/- for voluntary contribution towards CABF)
Timing : 4.30 pm to 8.30 pm
Subject
Date
07.12.2015
Monday
04.30 pm to 06.30 pm
07.12.2015
Monday
06.30 pm to 08.30 pm
08.12.2015
Tuesday
04.30 pm to 06.30 pm
08.12.2015
Tuesday
06.30 pm to 08.30 pm
09.12.2015
Wednesday
04.30 pm to 06.30 pm
09.12.2015
Wednesday
06.30 pm to 08.30 pm
Introduction, Opportunities for CA in
Technology Consulting
How CA can benefit from Evolving Technological changes
System Audit - How critical
Tally as an Audit Tool
Speaker
CA Alok Jajodia
CA Mitesh Katira
CA Sumit Fogla
CA Ashwin Dedhia
Excel as an Audit and Analytical Tool
Forensic Audit - Type of Audit and method of audit
CA Varun Karasia
CA Sunil Gaitonde
10.12.2015
Thursday
04.30 pm to 06.30 pm
Practical Approach to various Audits using technology in
Banking Industry
CA Pramod Shinde
10.12.2015
Thursday
06.30 pm to 08.30 pm
Practical Approach to various Audits using Technology in
Banking Industry
CA Pramod Shinde
11.12.2015
Friday
04.30 pm to 06.30 pm
11.12.2015
Friday
06.30 pm to 08.30 pm
Basic concepts of SAP that the Auditor should know
Consolidation - a new opportunity for CA
Mr. Anil Singh
CA Sharad Agrawal
Co-ordinators
CA Harsh Bajaj
CA Rahul Agrawal
9821044319
CA Manish Dedhia
9819898201
CA Vijyatta Jaiswal
CA Atul Mathuria 9892323031
9930883146
9322874586
Seminar on GST Jointly With WIRC
Day & Date
:
Saturday, 21st November 2015
Time
:
9.30 am To. 06.00 pm
Venue
:
Hotel VITS, Andheri-Kurla Road, Mumbai - 400 059
Fees
:
Members Rs.1,800/- (Please add Rs.100/- towards CABF)
06
CPE
Hours
(Inclusive of course material, breakfast & lunch)
Time
10.00 am to 11.00
am
30 min
11.30 am to 12.15
pm
12.15 am to 1.00 pm
60 min
2.00 pm to 3.00 pm
3.00 pm to 4.00 pm
Topic
Possible speakers
Constitution Amendment Bill
GST Constitution Amendment
Vikram Nankani, Senior Advocate
Bill – key aspects
Tea break
Specific technical topics
Taxable event/s under GST
Malini Mallikarjun, BMR Advisors
regime
Place of supply (destination and Sachin Menon, KPMG
origin) under GST regime
Lunch break
Specific industry impact and discussion
Manufacturing & distribution –
Amitabh Khemka, Sthir Advisors
FMCG & Pharma
Dilip Save, Ex-Hindustan Unilever
Services – Telecom & Banking
and financial
Mohan Nusetti, Lupin
Uday Pimprikar, EY
GVAS Murthy, Idea Cellular
30 min
4.30 pm to 5.00 pm
5.00 pm to 6.00 pm
Sunil Kothare, Citibank
Tea brea k
Information technology and panel discussion
Changes in information
Alok Jajodia, Mondial Consultants
technology environment
Panel discussion – GST from
Bhavna Doshi, Sr. Advisor, KPMG
Boardroom’s perspective
Pinky Mehta, Aditya Birla Nuvo
Renu Narvekar, Tata Consultancy
Services
Jayraj Sheth, EY (Moderator)
Co-ordinators
CA Anil Sharma
9870708060
CA Rakesh Gupta
CA Seema Mehta 9820513875
CA Krishna Kumar
CA Jinit Shah
9870070607
9819160820
7738357288