Business taxation by Girish Ahuja click here
Criteria for classification of entities for the purpose of application of Accounting Standards by Avinash Chander Click here
Silent features of LLP by Anuj Goyal click here
Monday, August 31, 2009
Saturday, August 29, 2009
Friday, August 28, 2009
Behind the Scene
Besides the distinguished speakers, participants and the managing committee of the Kolhapur Branch, there were few more who contributed a lot in the Success of the National Conference. These people were working silently behind the screen. They were the members of various committees formed for smooth conduct of the National Conference. Their painstaking efforts & teamwork resulted in a well organised and memorable event.
Faculty Coordination Committee
1. CA. Subhash Pangaonkar , 2. CA Tushar Anturkar,
3. CA Satish Kabbur, 4. CA Prafulla Patel,
5.CA Sushant Phadnis, 6. CA Mayuresh Doshi
Conference Material Committee
1. CA Sanjay Vhanbatte, 2. CA S M Parandekar,
3. CA Deepak Gokhale, 4. CA Wasimraja Mulla,
5. CA Imran Mulla
Stage & Venue Management Committee
1. CA Sharad Samant, 2. CA Mukund Bhave, 3. CA Anil Jadhav,
4. CA Mrs. Vandana Golwalkar, 5. CA Mrs. Ritu Waichal,
6. CA Ms. Deepali Gawali, 7. CA. Santosh Tase,
8. CA Abhijit Kulkarni, 9. CA Sachin Kulkarni,
10. CA Avdhoot Chikodi
Accommodation Committee
1. CA Sunil Nagaonkar, 2. CA Rajesh Lohia, 3. CA Abhay Golwalkar,
4. CA Vivek Bhavsar, 5. CA Anil Chikodi, 6. CA Ashish Bhosale,
7. CA Rohit Paranjape, 8. CA Hrishikesh Joshi
Travel Committee1. CA S S Powar, 2. CA Anand Sankpal, 3. CA Srirang Kulkarni,
4. CA Sriram Khot, 5. CA Sumeet Biranje, 6. CA Gourav Phadnis
Registration Committee
1. CA Deepak Gadve, 2. CA Mahaveer Kapashe, 3. CA Girish Samant,
4. CA Mrs. Deepika Kumbhojkar, 5. CA Satish Dakare,
6. CA Sunil Soudagar, 7. CA Nagnath Basude,
8. CA Anil Joshi, 9. CA Atul Doshi
Food & Entertainment Committee
1. CA Kedar Kumbhojkar, 2. CA S V Sane, 3. CA Girish Mulye,
4. CA Deepak Patil, 5. CA Mrs. Anupa Patel, 6. CA Rahul Agnihotri
Conference Co-ordinators
CA K J Bansal & CA Umesh Powar
Wednesday, August 26, 2009
National Conference Photos
Welcome to the 'National Conference on Emerging Paradigm For Accountants'
Inauguration by Lighting the Lamp at the auspicious hands of CA Shri. Uttam Prakash Agarwal, President, ICAIOthers from L to R: CA K J Bansal, CA Mahendra Parte, CA Umesh Powar, Chairman Kolhapur Branch, CA B C Jain, Chairman WIRC, CA Santosh Palsule, WIRC Nominee CA C V Pawar, CA Vishal Mahajan & CA Pournima Kulkarni
WIRC Chairman CA Shri. B C Jain Lighting the Lamp
Kolhapur Branch Chairman CA Shri. Umesh Powar welcoming
President CA Shri. Uttam Prakash Agarwal
WIRC Branch Nominee CA Shri. C V Pawar welcoming WIRC Chairman CA Shri. B C Jain
President, ICAI, CA Shri Uttam Prakash Agarwal addressing the members
Overview of Goods & Services Tax by R Sekar, Commissioner of Customs, Pune & CCM, ICAI
Delegates at the Conference
Accounting Standards for SMP's by Dr. Avinash Chander, Director-cum-Dean, ICAI ARF
LLP, Networking, Merger De-merger of CA Firms & Emerging Opportunities for Professionals in International Trade & WTO by CA. Anuj Goyal, Chairman, PDC & CTL & WTO, ICAI
Issues in Business Expenses, Depreciation, Interest, bad Debts, Software Expenses etc. by CA Vardhaman L Jain, Former WIRC Member
Recent Amendments in MVAT Act by CA Neeraj Menan
Appellate Proceedings & Penalty Proceedings under Income Tax Act by Dr. Rakesh Gupta
CA K J Bansal, Conference Co-ordinator addressing at the Valedictory Session
Members of all Conference Committees
More to Come Soon...
Saturday, August 22, 2009
We At Kolhapur Branch!
It is always interesting to peep into the history of an organization. More so, when it is located at a historical place like Kolhapur. The Maratha dynasty of Chhatrapatis of Kolhapur came into existence by the Treaty of Krishna River in 1766. The correct written and printed history of Kolhapur can be read into Major Graham’s treatise named “The Principality of Kolhapur” published and printed in 1854, almost 155 years ago. Major Graham has elaborated the then existing systems of economy, finance and financial supervision (auditing) in his exceptional writings. Can we call the system as the foundation platform of current day system?
In more recent times, i.e. after independence, The Institute of Chartered Accountants of India came into existence in 1949. It is said that Kolhapur had four eminent ‘Registered Auditors’ or R.A.s then, three of them known and remembered by name and one unknown, who may have drifted elsewhere. One out of them, late C.A. R.B. Bhagwat went on to become the first chairman of duly established Kolhapur Branch of W.I.R.C. in 1981. Though the Kolhapur branch was established in 1981 on reaching a topographical number of fifty chartered accountants, it would be interesting to note that its seeds were sown much earlier. In 1972 the local chartered accountants under the advice of late C.A. Anil M. Parikh, then central council member decided to form and formed an unregistered “Kolhapur Chartered Accountants’ Society” on completing a number of twenty five members. The inauguration of the said society was done in 1972 at the hands of late C.A. Shyam Argade, Central Council member at the premises of College of Commerce, Kolhapur. Late C.A. Dadhe, W.I.R.C. member from Pune graced the function. Another very interesting event that took place at the same time and venue was forming of the “C.A. Students’ Association.” This was painstakingly formed by students Shri Sharad S. Samant and Shri Deelip V. Phadnis, both senior practicing Chartered Accountants of today. Unfortunately, both these associations ceased to function after few years of existence.
When the number of Chartered Accountants in Kolhapur reached a threshold limit of fifty in 1981, the ICAI awarded the branch to Kolhapur, which was inaugurated in the late 1981 at the hands of then WIRC chairman CA Rusi Karanjia, Mumbai. Late CA R.B. Bhagwat became the first chairman of the new branch. Shri. Sharad S. Samant played the role of master-of-ceremony at the inaugural function. That is how the Kolhapur Branch came into existence. It had members of Kolhapur and Ichalkaranji in its fold. In about 28 years time, the number of members has increased by almost six times to 300 plus. So far, the Kolhapur branch has worked under 19 chairman, CA P.G. Diwan occupying the coveted seat for longest period from 1985 to 1993.
Presently, CA Umesh J. Powar is acting as the chairman of the branch. The branch had its ups and downs, but, can boost of numerous achievements under its belt. It hosted 4th Sub-Regional Conference at Panhala in 1999 under the chairmanship of CA D.S. Patil and 13th Sub-Regional Conference at Kolhapur in 2005 under the chairmanship of CA Girish A. Samant. It was a proud moment for the branch when for both theses years the branch was awarded the status of “Most commendable small branch of WIRC” by the ICAI.
Besides those SRCs the branch organized two TAXCONs and numerous other professional programes, seminars and conferences for the benefit of members, students and the public at large.
The student activities have increased manifold in last few years with almost 2,000 students pursuing the CA course in the region and about 500 students appearing for the examinations conducted at Kolhapur centre, which started conducting CA examinations at Kolhapur in 2000 as an accomplishment of strenuous efforts of local CAs under the chairmanship of CA N.T.Jadhav. Also in August 2008 under the Chairmanship of CA F M Mulla the Kolhapur branch started a full fledged Information Technology Training Centre under the auspices of ICAI.
The annual family gathering and sports boots are much awaited events by CAs, their family members and students.
Irrespective of its erstwhile laurels the branch is still devoid of its owned premises and is making every effort to establish it at earliest opportunity. Under the able guidance of representatives at Central and Regional levels, the Kolhapur branch is trying to reach higher summits in professional excellence in coming times.
In more recent times, i.e. after independence, The Institute of Chartered Accountants of India came into existence in 1949. It is said that Kolhapur had four eminent ‘Registered Auditors’ or R.A.s then, three of them known and remembered by name and one unknown, who may have drifted elsewhere. One out of them, late C.A. R.B. Bhagwat went on to become the first chairman of duly established Kolhapur Branch of W.I.R.C. in 1981. Though the Kolhapur branch was established in 1981 on reaching a topographical number of fifty chartered accountants, it would be interesting to note that its seeds were sown much earlier. In 1972 the local chartered accountants under the advice of late C.A. Anil M. Parikh, then central council member decided to form and formed an unregistered “Kolhapur Chartered Accountants’ Society” on completing a number of twenty five members. The inauguration of the said society was done in 1972 at the hands of late C.A. Shyam Argade, Central Council member at the premises of College of Commerce, Kolhapur. Late C.A. Dadhe, W.I.R.C. member from Pune graced the function. Another very interesting event that took place at the same time and venue was forming of the “C.A. Students’ Association.” This was painstakingly formed by students Shri Sharad S. Samant and Shri Deelip V. Phadnis, both senior practicing Chartered Accountants of today. Unfortunately, both these associations ceased to function after few years of existence.
When the number of Chartered Accountants in Kolhapur reached a threshold limit of fifty in 1981, the ICAI awarded the branch to Kolhapur, which was inaugurated in the late 1981 at the hands of then WIRC chairman CA Rusi Karanjia, Mumbai. Late CA R.B. Bhagwat became the first chairman of the new branch. Shri. Sharad S. Samant played the role of master-of-ceremony at the inaugural function. That is how the Kolhapur Branch came into existence. It had members of Kolhapur and Ichalkaranji in its fold. In about 28 years time, the number of members has increased by almost six times to 300 plus. So far, the Kolhapur branch has worked under 19 chairman, CA P.G. Diwan occupying the coveted seat for longest period from 1985 to 1993.
Presently, CA Umesh J. Powar is acting as the chairman of the branch. The branch had its ups and downs, but, can boost of numerous achievements under its belt. It hosted 4th Sub-Regional Conference at Panhala in 1999 under the chairmanship of CA D.S. Patil and 13th Sub-Regional Conference at Kolhapur in 2005 under the chairmanship of CA Girish A. Samant. It was a proud moment for the branch when for both theses years the branch was awarded the status of “Most commendable small branch of WIRC” by the ICAI.
Besides those SRCs the branch organized two TAXCONs and numerous other professional programes, seminars and conferences for the benefit of members, students and the public at large.
The student activities have increased manifold in last few years with almost 2,000 students pursuing the CA course in the region and about 500 students appearing for the examinations conducted at Kolhapur centre, which started conducting CA examinations at Kolhapur in 2000 as an accomplishment of strenuous efforts of local CAs under the chairmanship of CA N.T.Jadhav. Also in August 2008 under the Chairmanship of CA F M Mulla the Kolhapur branch started a full fledged Information Technology Training Centre under the auspices of ICAI.
The annual family gathering and sports boots are much awaited events by CAs, their family members and students.
Irrespective of its erstwhile laurels the branch is still devoid of its owned premises and is making every effort to establish it at earliest opportunity. Under the able guidance of representatives at Central and Regional levels, the Kolhapur branch is trying to reach higher summits in professional excellence in coming times.
Friday, August 14, 2009
Happy Independence Day
Let’s make our country the best place to live.
Lets make India shine and glow like the Sun.
On this special day let us recall the names of great freedom fighters,
the legends of freedom struggle,
who sacrificed their lives for the future generations of India
Jai Hind
Lets make India shine and glow like the Sun.
On this special day let us recall the names of great freedom fighters,
the legends of freedom struggle,
who sacrificed their lives for the future generations of India
Jai Hind
Tuesday, August 11, 2009
About the National Conference
India is growing today with stronger economic fundamentals, skilled managerial and technical manpower that match the best available in the world providing India with a distinct cutting edge in global competition. As the world veritably transits to being 'Global Village'; the accounting profession as an integral instrumentality in the process of transition has witnessed a paradigm change in its contributory role; financial reporting being core to every sphere of economic activity.
We all know the role of Chartered Accountants in the process of nation building. The Indian Chartered Accountant is in an advantageous position to provide the specialized services, acquired out of strong regimen of Chartered Accountancy education and training, to different sections of the society. In order to keep the Accounting Profession in tune with the developments taking around the world and provide an interactive platform for Accountants across the globe the National Conference on Emerging Paradigm for Accountants being organized by Committee on Trade Laws and WTO of The Institute of Chartered Accountants of India and hosted by Kolhapur Branch of WIRC of ICAI during August 20 – 22, 2009 at V. S. Khandekar Bhasha Sadan, Shivaji University Campus, Kolhapur. The Conference is likely to be attended by large number of members of the profession and other stakeholders. The presence of renowned personalities at the National Conference will be an apt occasion to savour and get enlightened from their erudition. These eminent speakers will express and share their views on latest issues related to accounting and allied areas during various technical sessions.
We all know the role of Chartered Accountants in the process of nation building. The Indian Chartered Accountant is in an advantageous position to provide the specialized services, acquired out of strong regimen of Chartered Accountancy education and training, to different sections of the society. In order to keep the Accounting Profession in tune with the developments taking around the world and provide an interactive platform for Accountants across the globe the National Conference on Emerging Paradigm for Accountants being organized by Committee on Trade Laws and WTO of The Institute of Chartered Accountants of India and hosted by Kolhapur Branch of WIRC of ICAI during August 20 – 22, 2009 at V. S. Khandekar Bhasha Sadan, Shivaji University Campus, Kolhapur. The Conference is likely to be attended by large number of members of the profession and other stakeholders. The presence of renowned personalities at the National Conference will be an apt occasion to savour and get enlightened from their erudition. These eminent speakers will express and share their views on latest issues related to accounting and allied areas during various technical sessions.
Day 1: Thursday, 20th August, 2009
09.30 hrs.
Breakfast & Registration
10.00 hrs. to 11.30 hrs.
Inaugural Session
Tea/Coffee Break
11.45 hrs. to 13.15 hrs
Technical Session – I
Accounting Standards for SMP’s by Dr. Avinash Chander, Director- cum- Dean, ICAI ARF
Lunch
Technical Session – I
Accounting Standards for SMP’s by Dr. Avinash Chander, Director- cum- Dean, ICAI ARF
Lunch
14.00 hrs. to 16.00 hrs.
Technical Session – II
LLP, Networking, Merger De-merger of CA Firms by CA. Anuj Goyal, Chairman, PDC & CTL & WTO, ICAI
Tea/Coffee Break
Technical Session – II
LLP, Networking, Merger De-merger of CA Firms by CA. Anuj Goyal, Chairman, PDC & CTL & WTO, ICAI
Tea/Coffee Break
16.15 hrs. to 17.45 hrs.
Technical Session – III
Overview of Goods & Services Tax by Mr. R. Sekar, Commissioner of Customs, Pune & Central Council Member, ICAI
Day 2: Friday, 21st August, 2009
09.00 hrs.
Breakfast
Technical Session – III
Overview of Goods & Services Tax by Mr. R. Sekar, Commissioner of Customs, Pune & Central Council Member, ICAI
Day 2: Friday, 21st August, 2009
09.00 hrs.
Breakfast
09.30 hrs. to 11.30 hrs.
Technical Session – IV
Direct Tax: Issues in Business Expenses, Section-14A, Depreciation, interest, Bad Debts, software Expenses etc. by CA. (Dr.) Girish Ahuja
Technical Session – IV
Direct Tax: Issues in Business Expenses, Section-14A, Depreciation, interest, Bad Debts, software Expenses etc. by CA. (Dr.) Girish Ahuja
Tea/Coffee Break
11.45 hrs. to 13.45 hrs.
Technical Session – V
Emerging Role of Professionals wrt intellectual Property Rights by Dr. D N Verma
Lunch
Technical Session – V
Emerging Role of Professionals wrt intellectual Property Rights by Dr. D N Verma
Lunch
Trip to Panhala with Site-seeing and Dinner
Day 3: Saturday, 22nd August, 2009
09.00 hrs.
Breakfast
Day 3: Saturday, 22nd August, 2009
09.00 hrs.
Breakfast
9.30 hrs. to 11.00 hrs.
Technical Session – VI
Emerging Opportunities for Professionals in International Trade and WTO by Prof. Madhukar Sinha, Professor, WTO Centre, IIFT
Technical Session – VI
Emerging Opportunities for Professionals in International Trade and WTO by Prof. Madhukar Sinha, Professor, WTO Centre, IIFT
Tea/Coffee Break
11.15 hrs. to 12.45 hrs.
Technical Session – VII
Penalty Proceedings under Income Tax Act, 1961 by Dr. Rakesh Gupta, FCA
Technical Session – VII
Penalty Proceedings under Income Tax Act, 1961 by Dr. Rakesh Gupta, FCA
Lunch
CPE Hours Credit : 12 Hours for the Members of the ICAI.
Delegate Fee: Rs.3,000/-.
Payment may be made by Cheque / Demand Draft in favour of “Kolhapur Branch of WIRC of The Institute of Chartered Accountants of India” payable at Kolhapur. For online payment, please visit website of the ICAI at http://www.icai.org/
Programme Chairman:
CPE Hours Credit : 12 Hours for the Members of the ICAI.
Delegate Fee: Rs.3,000/-.
Payment may be made by Cheque / Demand Draft in favour of “Kolhapur Branch of WIRC of The Institute of Chartered Accountants of India” payable at Kolhapur. For online payment, please visit website of the ICAI at http://www.icai.org/
Programme Chairman:
CA. Anuj Goyal, Chairman, Committee on Trade Laws & WTO, ICAI (Mobile: 09312258364, 09810041371)
Programme Coordinators:
Programme Coordinators:
CA. Umesh J. Powar, Chairman, Kolhapur Branch of WIRC of the ICAI (Mobile: 09822684048; Email: ujp67@yahoo.com )
CA. K. J. Bansal (Mob: 9371010904; Email: klbansal@gmail.com)
For registration and further details, please contact:
Kolhapur Branch of WIRC of the Institute of Chartered Accountants of India, 610-E, Vardhaman Chambers, 2nd Floor, Shahupuri, Kolhapur – 416001. Telefax: 0231 2665856; E- mail: kopicai.org@dataone.in
Secretariat of Committee on Trade Laws and WTO, The Institute of Chartered Accountants of India, ICAI Bhawan, PO Box 7100, Indraprastha Marg, New Delhi – 110002. Ph: 30110499, 39893989 (Extn. 499); Email: ctlwto@icai.org ; Websites: http://www.icai.org/ ; http://wto.icai.org/
CA. K. J. Bansal (Mob: 9371010904; Email: klbansal@gmail.com)
For registration and further details, please contact:
Kolhapur Branch of WIRC of the Institute of Chartered Accountants of India, 610-E, Vardhaman Chambers, 2nd Floor, Shahupuri, Kolhapur – 416001. Telefax: 0231 2665856; E- mail: kopicai.org@dataone.in
Secretariat of Committee on Trade Laws and WTO, The Institute of Chartered Accountants of India, ICAI Bhawan, PO Box 7100, Indraprastha Marg, New Delhi – 110002. Ph: 30110499, 39893989 (Extn. 499); Email: ctlwto@icai.org ; Websites: http://www.icai.org/ ; http://wto.icai.org/
Monday, August 10, 2009
National Conference
Dear Members,
I am very happy to inform you that the Kolhapur branch of W.I.R.C. of the Institute of Chartered Accountants of India, New Delhi is hosting a non-residential National Conference in the historic city of Kolhapur during 20th and 22nd August, 2009.
I am very happy to inform you that the Kolhapur branch of W.I.R.C. of the Institute of Chartered Accountants of India, New Delhi is hosting a non-residential National Conference in the historic city of Kolhapur during 20th and 22nd August, 2009.
This is the first time; a national level conference is being organized in Southern Maharashtra. The theme of the Conference is EMERGING PARADIGM FOR ACCOUNTANTS and it is being organized under the auspices and the guidance of the CTL & WTO Committee of the Institute. Organizing this mega event is a privilege honoured by Kolhapur branch and all efforts are being made to make it successful. The Conference shall be held in the most scenic campus of Shivaji University.
Various topics of national importance as well as of regional interests will be deliberated in the Conference and the faculty of national professional frame and eminence will enlighten the delegates. Care is taken to showcase the local culture and history alongwith academics by including a special visit to historic fort of Panhala, where you are going to enjoy a scintillating entertainment programme and martial arts followed by a dinner party. The Conference is spread over three days to facilitate the delegates for smooth journey, relaxed stay in the historic city with added interest of pilgrimage of Mahalaxmi darshan in Dakshin Kashi and typical local marketing.
The Conference shall be restricted to 350 delegates registering on first-cum-first basis and has been made cost effective by fixing the fees at Rs.3000/- per delegate only.
I request you to register at earliest and enjoy being a delegate/member to this National Conference at Kolhapur.
Please feel free to enquire for any details.
Yours Sincerely,
Yours Sincerely,
Umesh J. Powar
Chairman
Chairman
Saturday, August 8, 2009
From Chairman's Desk
Dear Members,
With the august onslaught of long awaited monsoons and green activities at the branch level, I am happy to inform you about the first ever prestigious National Conference being hosted by the branch in Kolhapur.
With the august onslaught of long awaited monsoons and green activities at the branch level, I am happy to inform you about the first ever prestigious National Conference being hosted by the branch in Kolhapur.
Our branch was founded in 1981 and since then has organized two Sub– Regional Conferences and two tax cons, besides numerous other professional conferences, Seminars and CPE activities. The branch has been twice felicitated for its exemplary performance by the Institute by awarding the ‘best small branch’ in the western region. Now, to top it all we are organizing the first ever National Conference of the topographical region.
The theme of the conference is “EMERGING PARADIGM FOR ACCOUNTANTS” and it is being organized by the Committee on Trade Laws and WTO of the Institute and hosted by our branch. The conference will be spread over three days from 20th to 22nd August, 2009 and will be conducted at the picturesque campus of Shivaji University. Speakers and experts of eminence will enlighten the delegates in seven sessions wherein topic of global, national and professional importance will be deliberated.
Considering the set- up at the venue and organizational detailing, the number of delegates is restricted to 350 on first cum first served basis and taking into consideration the great importance and opportunity of attending the Conference, it would be wise to register yourself at earliest, to avoid disappointment. There would be no spot registration!
Our President CA. Uttam Prakash Agarwal is taking keen interest in the organization of the Conference, which is convened by CA. Anuj Goyal, Chairman, Committee on Trade Laws & WTO, ICAI, New Delhi and co-ordinated by CA. K.J. Bansal, Pune. Numerous Committees have been formed for the smooth and successful organization of the venture and the ball has now started rolling in the real earnest. The details of the conference are printed elsewhere in this bulletin.
Our President CA. Uttam Prakash Agarwal is taking keen interest in the organization of the Conference, which is convened by CA. Anuj Goyal, Chairman, Committee on Trade Laws & WTO, ICAI, New Delhi and co-ordinated by CA. K.J. Bansal, Pune. Numerous Committees have been formed for the smooth and successful organization of the venture and the ball has now started rolling in the real earnest. The details of the conference are printed elsewhere in this bulletin.
The long awaited Union budget followed the monsoons, but proved to be very lukewarm affair. I shall keep aside the details of economics involved, but on the front of Direct Taxation, the expectations of common man as well as professionals were not aptly fulfilled. Overall, the budget proved a dampener with exception of doing away of FBT and CTT and some small tit- bits, here and there.
Friends, you may be now pretty busy with income tax returns and tax audits, but do not forget to register for the National Conference, at earliest.
I wish you a happy Independence Day in advance.
Yours Sincerely,
Umesh J. Powar
Saturday, August 1, 2009
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