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Welcome to Chartered Accountants Association, Ahmedabad
 
 

                                                                          

PRESIDENT’S  MESSAGE

Respected seniors and dear professional colleagues,

In this issue, I would like to share my views as under:

CA DAY

July 1st is the day of pride for the entire CA fraternity. It is the day when the relentless efforts of our visionary founding fathers fructified and an independent accounting body was established in India. On this momentous occasion of CA foundation day I salute all those visionaries who have laid the strong foundation of our esteemed institute and have bestowed upon us the legacy of this noble profession. We at CA Association celebrated this day in a different way by spending some time with under privileged children looked after by V S S M (Vicharta  Samuday Samarthan Manch) and tried to bring happiness in their lives in whatever small way we could. I thank all the members who contributed and participated in the program. 

BREXIT

Lot of debates are taking place for the Britain’s referendum to exit the European union. There are as many pros and cons in Britain exiting the Europe. India has a positive trade surplus of $3.64 billion in terms of bilateral trade with Britain. The total trade stood at $14.02 billion in FY 16, out of which $8.83 billion was in exports and $5.19 was in imports. So on the event of Brexit, the pound rate might fall against the dollar and thus, the rupee. And the companies which have income from UK and Europe are going to be hit, at least for shorter term. Indian pharma industry which has more exposure towards Europe, will also be affected. On the other hand the imports from UK will be getting cheaper on the event of Brexit, mainly rough uncut diamonds, spirits etc.

 

RESIDENTIAL REFRESHER COURSE

The Residential Refresher Course (RRC) was arranged from 1st July to 6th July at Welcome Hotel, Jodhpur. I congratulate the chairman of the committee CA Amar Gandhi and his young team comprising of CA Bindesh Jain , CA Jay Parekh  and CA Anshul Agarwal for a grand success. I must compliment CA Chandrakant Pamnani for his guidance in all aspects, CA Atul Shah for his meticulous work. RRC committee CA Jayesh M.Shah, CA Mukesh Parikh, CA Mihir Pujara, CA Jayesh Patel, CA Ketan Mistry and all for their delegated work. I thank spouses, Alpa Raju Shah, Nanki Jayesh Patel, Bhavi Mihir Pujara, Amisha Amar Gandhi and CA Mihir Pujara for Games and gifts to winners, CA Mukesh Khandwala for chairing valedictory session, our own participant speakers CA Kaushik C. Patel, CA Deepak R.Shah Shah, CA Jignesh J. Shah for their excellent papers, group leaders of the brain trust, CA Riken Patel, CA Darshan Shah, CA Navin Mandovara and CA Kunal Shah. And my special thanks to all participants.

 

OTHER EVENTS

 

1st BRAIN TRUST meetings on  "Corporate case studies with focus on amended Companies Act and recent judicial precedents" by CA. Nipun Singhvi was very well attended by members. It also generated a very healthy discussion in the groups lead by CA D.P.Shah, CA  Rakesh Gupta, CA A.P.Nanavaty and CA Chintan Doshi.

 

A well appreciated entertainment programme “DOST, HU GUJRAT CHHU” was enjoyed by 600+ members with their family and friends.

Study Circle meeting on Amendments applicable for filing Income Tax Return for A. Y. 2016-17 by CA. Mehul Thakkar and chaired by Past President of Chartered Accountant Association CA Deepak R.Shah. Programme was attended by more than 200+ members and their Article Assistants.

Entertainment committee is arranging “Talent Evening” on 16/08/2016. Members are requested to participate and send nomination at Association’s office. For details refer the circular sent by e-mail.

 

 I would like to conclude with a very well said statement by David Schwimmer : “ Being generous or doing things for others actually make me feel good so I don’t do it because I hope karma will come around and get me and I will benefit from it.”

 

Looking forward to your support and participation in future activities of the Association.

 

CA Raju C. Shah

President

 

 
News & Updates
Date Topic

22 July, 2016 New online PAN application facility has been launched for PAN applicants
22 July, 2016 ncome Tax Department to issue 7 lakh letters seeking Information in respect of High Value Non PAN Transactions*
18 July, 2016 Key Points of Agro Business Policy 2016-21
14 July, 2016 Government revises deadline for payment of tax under Income Disclosure Scheme:
14 July, 2016 Income Declaration Scheme 2016 – Government Issues Clarifications in the form of Fourth Set of Frequently Asked Questions (FAQs) 
12 July, 2016 CA Final May 16 & CPT June 16 Result likely on 18.07.2016
12 July, 2016 CBDT revises format of Issue of Income Tax notices U/s. 143(2)
07 July, 2016 CBEC Clarification reg. Recovery of Confirmed Demands during the pendency of Stay Application
07 July, 2016 Income Computation and Disclosure Standards (ICDS) notified under Section 145 (2) of the Income -tax Act, 1961 to be applicable from 1stApril, 2016
07 July, 2016 Scope of prima facie adjustment u/s 143(1) of Income Tax Act enhanced
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