NewsLetter - Baroda Branch of WIRC of ICAI · BARODA BRANCH MEMBER’S DIRECTORY LAUNCHING...

Baroda Branch of Western Indian Regional Council ofThe Institute of Chartered Accountants of India

VOL. XI DECEMBER 2011 l

SUCCESS

NewsLetterThe Institute of Chartered Accountants of India(Setup by an Act of Parliament)

INDEX

Lecture

Meeting

“Final Accounts”

on

17.12.2011

Full DaySeminar on

Banking & Finance

on24.12.2011

Photoflash .................................... 2

Chairman Communication ............. 3

Forthcoming Events ...................... 4

Income Tax Updates ...................... 5

Resetting Execution for a Time of Crisis ............................................. 6

Prior Environment Clearance (EC) – the Process .................................... 7

Creation of websites by CA firms and practitioners in www.icai.org.in.. 8

The Law of the Garbage Truck ........ 9

Photoflash .................................... 11

ICAI

National Convention

on

Engagement Standards

on

31.12.2011

Baroda Branch of WIRC of The Institute of Chartered Accountants of India

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VOL. XI DECEMBER 2011l

BARODA BRANCH MEMBER’S DIRECTORY LAUNCHING

Inauguration of the Full Day Workshop on Capacity Building by, CA. Atul Bheda, CCM, ICAI

Baroda Branch Member’s Directory Launching by Chief Guest, CA. Atul Bheda, CCM

Baroda Branch of WIRC of ICAI has released its 2011 edition of Members’ Directory along with pocket edition on

26th November, 2011.

Members are requested to collect their copies of both main and pocket

directories from ICAI Bahwan, Baroda. Branch shall issue the directories to member himself or to representative

after ensuring identity.

Members' Directory 2011 available for distribution

from 10.12.2011.


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Dear Members,

The last day of calendar year is here and we are all taking stock of our goals for 2011, the year

gone by. Napoleon Hill once said, “Whatever the mind of man can conceive and believe, it

can achieve.” It is with this belief we can carry forward the incomplete targets of this

calendar year to the next one.

Month of November started with CA parivaars assembling for Diwali Milan and members

along with their family enjoyed Prakash Kumar Musical Night. The ICAI National Convention

on Indirect Taxes provided members an opportunity to meet Shri Deepak Kumar, Chief

Commissioner of Central Excise and Custom, Vadodara. Half Day Workshop on Information

Technology and Full Day Workshop Capacity Building were some of the other programs

conducted during the month.

Baroda Branch has released Members Directory 2011 on 26th November, 2011 by worthy

hands of CA. Atul Bheda, Central Council Member, ICAI. To facilitate instant interaction

amongst members, the directory, at a glance, provides comprehensive details including

name, office and residence address, phone numbers, email ID, date of birth, blood group,

whether in practice or not. Members can also use the directory as a ready-reckoner to

access information regarding Income Tax, VAT and Service Tax jurisdictions, useful phone

numbers of Vadodara, contact details of important government and non-government

department and institutions.

The directory was a culmination of tireless hours devoted by CA. Viral Shah and CA. Arpan

Dodia, Conveners of the Directory Committee who used modern tools of information

technology while compiling members’ information along with their photographs. I thank both

of them for their praiseworthy efforts along with their team members, managing committee

members, Past Chairmen of the Branch, members and students of Baroda Branch, our

advertisers and all who have directly or indirectly lent support to compile this Directory.

Baroda Branch also looks forward to launch revamped website with additional information

like available publications, online facility for purchase of publications, online members’

directory, e-payment facility for members etc.

In December, we have planned a full Day Joint Program on Charitable Trust jointly with Anand

Branch. The other programs include Half Day Seminar on Service Tax, Lecture Meeting titled

“Final Account” : High Level of Integrity a Matter of Strategy for Success), ICAI National

Convention on Banking & Insurance and ICAI National Convention on Engagement

Standards. I look forward to seeing you all at these programs.

Sincerely yours,

CA. Manilal Parsiya

Chairman's Communication

CA. Rahul ParikhImmediate Past Chairman 98253 29995

CA. Rajesh ShahEx-officio 98250 41142

CA. Nayan KothariTreasurer 98244 33445

CA. Yash BhattMember 99243 88339

CA. Viral ShahMember 98243 62211

MANAGING COMMITTEE

CA. M J ParsiyaChairman 98251 10620

CA. Pradeep AgrawalVice Chairman 98985 60967

CA. Ashish ParikhSecretary 98252 31545

DISCLAIMER

The ICAI and the Baroda Branch of WIRC of ICAI is not in any way responsible for the result of any action taken on the basis of the advertisement published in the Newsletter. The members, however, may bear in mind the provisions of the Code of Ethics while responding to the advertisements.

The views and opinion expressed or implied in the Newsletter are those of the authors / contributors and do not necessarily reflect those of ICAI. Unsolicited articles and transparencies are sent at the owner's risk and the publisher accepts no liability for loss or damage. Material in this publication may not be reproduced, whether in part or in whole, without the consent of ICAI.

Members are requested to kindly send article / paper of professional interest to [email protected]. The same may be published in the newsletter subject to availability of space & editorial editing.

EDITORIAL BOARDCA. Manilal ParsiyaCA. Arpan DodiaCA. Vihang BakshiCA. Vishal DoshiCA. Narendra HindochaCA. Bimal BhattCA. Ashok ThakkarCA. Neena PatelCA. Rachana ParikhCA. Chandrika Parsiya

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIAICAI Bhawan, Post Box No. 7100, Indraprastha Marg, New Delhi - 110002. Tel. : +91 (11) 39893989 E-mail : [email protected] Web : www.icai.org

WESTERN INDIA REGIONAL COUNCILICAI Bhawan, 27, Cuffe Parade, Post Box No. 6081, Colaba, Mumbai - 400 005. Tel. : +91 (22) 39893989 Email : [email protected] Web : www.wirc-icai.org

BARODA BRANCH OF WIRC OF ICAI“ICAI Bhawan”, Kalali-Tandalja Road, Atladra, Vadodara - 390 012. Telefax : +91 (265) 2681115 / 2680593 E-mail: [email protected] Web : www.baroda-icai.org

DECENTRALISED OFFICE - VADODARA“ICAI Bhawan”, Kalali-Tandalja Road, Atladra, Vadodara - 390 012. Tel. : +91 (265) 2681115 / 2680593 E-mail: [email protected] Web : www.baroda-icai.org

CA. Arpan DodiaMember 98983 83530


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FORTHCOMING EVENTS

“Final Accounts”

Day & Date : Saturday, 17.12.2011Time : 04:00 p.m. to 06.00 p.m. Subject : “Final Accounts” (High Level of Integrity a

Matter of Strategy for Success)Faculty : Swamini VimalanandajiFees : 100 for members other than Baroda Branch

CPE Study Circle MembersVenue : Auditorium, ICAI Bhawan, Baroda

Full Day Seminar on Banking & Insurance

Day & Date : Saturday, 24.12.2011Time : 09:00 a.m. to 05.30 p.m.(Breakfast at 08:30 a.m.)

Fees : `. 600 up to 22.12.2011 and ̀ . 700 thereafterVenue : Auditorium, ICAI Bhawan, Baroda

Topics Faculty

1st Technical Session

Techno Economic Viability Study CA. Bharat Gajjar, Baroda

Defending Board & Protecting Shri Pravin Gupta, Directors & Officers through MD & CEO, Professional Liability Insurance Raheja QEB Insurance

Co. Ltd., Mumbai

2nd Technical Session

Currency Derivatives in India CA. Dipak Kanabar, Baroda

Buyers Credit & SBLC Backed CA. Miten Majmudar, Funding Baroda

CPE HRS02

CPE HRS06

ICAI National Convention on Engagement Standards

Day & Date : Saturday, 31.12.2011Time : 09:00 a.m. to 05.30 p.m.(Breakfast at 08:30 a.m.)

Fees : `. 600 up to 27.12.2011 and ̀ . 700 thereafterVenue : Auditorium, ICAI Bhawan, Baroda

Topics Faculty

1st Technical Session

Revised Audit Report Formats CA. Khushroo Pantkey, SA 700, SA 705 and SA 706 Mumbai(applicable w.e.f. April 2011)

Risk Assessment Procedure SA 315 CA. Amyn Jassani, Mumbai

2nd Technical Session

Management representations and CA. (Dr.) Alok Shah, BarodaCommunications with those charged with Governance

SA 260, SA 265 and SA 580

Analytical Procedure and CA. Nayan R. Kothari, Baroda Audit SamplingSA 520 and SA 530

Valedictory Session

Key note address

Overview of AAS and Basic CA. Rajkumar Adukia, MumbaiConcepts of Assurance and Audit CCM and Chairman AASBSA 200

CPE HRS06 Information System Audit Course

Baroda Branch of WIRC of ICAI is pleased to arrange Information

System Audit Course, the Post Qualification Course of the Institute

of Chartered Accountants of India at Baroda in the month of

January, 2012. The ISA Professional Training of 100 hours is

mandatory. The classes will be organized on full day basis for 12

days from 9.30 a.m. to 6.00 p.m. Minimum 90% attendance is

compulsory to be eligible for ISA exam.

We propose to start practical training from 21st January, 2012 for

the ISA batch at Baroda.

Members are allowed to join ISA practical training at Baroda on

producing receipt of application form along with course fees of

Rs.10, 000/- payable in favour of “Secretary, ICAI” payable at

New Delhi. In case downloaded forms or photocopied forms are

used to apply for the ISA course, a prospectus fee of Rs.150/-

has to be collected in addition.

To eligible for May 2012 ISA Eligible Test and June 2012

Assessment Test candidate has to complete ISA practical training

before 31st March, 2012.

ISA prospectus is available at ICAI Bhawan, Kalali Tandalaja Road,

Ataladara, Baroda. For registration contact Mr. Amar Baswa -

phone 2680593, 2681115.

“One Act Play”

A Drama Competition is being held between the teams of CCIT, Ahmedabad and CCIT, Baroda. Income Tax Department has invited members and their family members of Baroda Branch of WIRC of ICAI to come and enjoy wonderful One Act Plays being enacted by the officers and staff members of the Income Tax Department. The details of the program are as under:

Day & Date : Thursday, 15.12.2011

Time : 04:30 p.m. to 07.30 p.m.

Venue : Auditorium, ICAI Bhawan, Baroda

Play :

Team of CCIT, Ahmedabad BAKARIWritten by: Shri S. D. SaxenaDirected by : Ms. Deepti Joshi

Team of CCIT, Baroda AM AADAMIWritten by: Shri S. S. JhaDirected by: Shri A. R. Rewar

The event will be followed by snacks & refreshment. Members are requested to come and enjoy above mentioned Drama Competition. Over the years, these events have grown to be of very high standards.

For registrations, kindly contact:

ICAI Bhawan, Kalali-Tandalja Road, Atladra, Vadodara.

Phone: 2680593, 2681115


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of CIT V. Thomy P.,Chakola and others (338 ITR 8), the Kerala High Court held that in the following years, recomputation of income is not to be done. Whatever was not taxed earlier, is to be taxed. The tax is to be levied under the provisions relating to capital gains.

2. TDS Rules

Income-tax rules are amended with effect from 1st November,2011. Important changes are briefly as under:

i) The quarterly statements of tax deducted at source are now required to furnish particulars of payments made without deduction of tax on account of declarations in Forms 15G/15H. This gives rise to a further issue asto whether a person who has not deducted any tax at all will now be required to furnish the quarterly statements on account of his having made payments on which tax is not deducted in consequence of receipt of declarations in Forms 15G/15H.

ii) The rules at present provide that in case tax is deducted in case of one person but the relative income is wholly or partly assessable in case of another, credit shall be given to such other person, but only in specified situations(applicability of section 64 etc, cases of HUF/Firm/Trust/AOP and jointly owned properties). The amendment contemplates giving credit in all situations( and not only specified situations) when tax is deducted in case of one person and income is assessable in case of another. This is subject to filing necessary declaration and declarer reporting tax deduction in case of the other person. Consequently, now credit for TDS can be claimed by the receipients of income in other situations like legal heir receiving income after death of a person, amalgamated or resulting company receiving income in consequence of merger/demerger, other cases of reorganization, on .

3. Transaction charges to stock exchange and disallowance under section 40(a)(ia)

Bombay High Court, on 21st October, 2011, delivered an interesting judgement in case of CIT V. Kotak Securities Limited. Firstly, it held that transaction charges paid by broker to Stock Exchange represents payments for fees for technical services attracting obligation to deduct tax at source under section 194J. The thinking so far was that when a person uses automated trading system, he is not availing any service nor the payee renders any service. However, the High Court went into details of the system and held that the Stock Exchanges render managerial services as they not only provide an automated system but also regulate the brokers and settle the disputes amongst parties.

The more interesting part is that although there was obligation to deduct tax at source, the High Court held that there will not be any disallowance under section 40(a)(ia) on account of failure to deduct tax at source for the reason that for 10 years, both the revenue and the assessees were under bonafide belief that there was no obligation to deduct tax at source from such payments. The belief of the revenue is borne out from the fact that it did not take any action against the assessee for recovery of the tax deductible at source. Another reason for

INCOME TAX UPDATES : CA. Narendra HindochaCompiled by

1. Conditions for exemption of capital gains later not complied.

Capital gains on sale of agricultural land are exempt under section 54B in case the assessee acquires agricultural land in following years. In case he fails to do so, the amount becomes taxable in following years. Similar provisions exist under other sections also. The issues which can possibly arise and on which the law does not appear to be specific, are as to which rules for computation of income applyl (in case these have changed in following year), under what head of income the amount is to be taxed, the tax rate applicable etc.. In case

STUDY CIRCLE

Day & Date : Tuesday, 13.12.2011Time : 06.00 pm to 08.00 pmSubject : Abendence and healing through ReikiFaculty : CA Kirankumar N. MehtaFees : ` 150 for non membersVenue : Conference Hall, ICAI Bhavan, Baroda

CPE HRS02

CA Students Festival – 2011 “Udaan”

Date & Day : 24.12.2011, SaturdayTime : 16:00 to 19:00 hrs.Events : Cultural And Creative ActivitiesFees : ` 20 per student per activity

FUNFAIR

Date & Day : 23-24.12.2011, Friday & SaturdayTime : 19:00 to 22:00 hrs.Fees : ` 1500 per stallVenue : Shivam Party Plot, Karelibaug, Baroda

WICASA EVENTS

Election

Date & Day : 20.12.2011, TuesdayTime : 17:00 hrs. onwardsSubject : WICASA- Election-2012Venue : ICAI Bhawan, Baroda

STUDY CIRCLE

Day & Date : Tuesday, 20.12.2011Time : 06.00 pm to 08.00 pmSubject : Currency DerivativesFaculty : CA Navneet KumbhaniFees : ` 150 for non membersVenue : Conference Hall, ICAI Bhavan, Baroda

CPE HRS02

STUDY CIRCLE

Day & Date : Tuesday, 27.12.2011Time : 06.00 pm to 08.00 pmSubject : RTI Act-usability to Chartered AccountantsFaculty : Advocate Shailesh PatelFees : ` 150 for non membersVenue : Conference Hall, ICAI Bhavan, Baroda

CPE HRS02


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Today we are mired in a deep global recession that is taking a tremendous toll on business, consumers and governments. Everywhere there is a huge loss of confidence. Strategies and business models that once worked well no longer do so. Even when the recession ends the business and economic environment will not return to what we have come to regard as “normal”.

The world is experiencing a tectonic shift—the global business environment is being “reset”. We now live in a world in which radical change can happen seemingly overnight and in which many former “givens” will be in flux for a long time. That reality makes execution harder (not that it’s ever been easy), but also more important than ever before. Execution not only ensures efficient use of resources in a credit and cash-starved world, but also provides the feedback loop needed for the business to adjust to changes- big or small- in the external world. True, leaders must still conceive of a path forward, but execution is what drives the organization along that path and allows it to seize opportunities. And good execution not only will see a company through the tough times, but also significantly improve its chances for success as the environment continues to shift.

No one can predict what the future holds- we will all have to deal with whatever is ahead when it happens- but consider some of more profound changes that are likely to be in store:

(1) Growth will be slower: The vast consumer market that is America may no longer be the principal global economic driver it has been and countries intent on creating jobs for their people will be much slower to import our goods. During the early stages of recovery from the recession, credit will be constrained, leverage restricted and opportunities for profitable growth difficult to find, But the company that executes well will have the confidence, speed and resources to move fast as new opportunities emerge. It will also have creditability as a partner, supplier and investment of choice, compounding its advantage as it positions itself for growth.

(2) Competition will be fiercer: In a slower-growth global economy, everyone will be fighting harder and smarter to win market share. Each company will be searching for a new advantage, in the form of products, technologies, management, locations, prices, among many other variables. The margins for error are thinner and flexibility and speed in assigning and re-assigning resources will make a huge difference in performance. That’s a lot to contend with and faulty execution in these basic performance nuts and bolts can lead to a death sentence, but that’s not all. Stronger, faster companies can detect and pounce on opportunities, for instance, to take advantage of the downturn by snapping up assets at bargain prices and snatching market share out from under their competitors. Good execution reveals flaws in outmoded or wrong strategies sooner and allows time to change direction. Those who fail to see the errors in their strategies or who fail to executive the correct strategies quickly and effectively will face the fate that confronted GM, Chrysler, Bear Sterns, AIG and Lehman Brothers as the economic and financial crises unfolded.

(3) Governments around the world will take new roles in their economies and business environments: There will be a new regulatory environment and each government will carry it out in different ways, some as partners to business, others as adversaries. But there is also a trend toward more global rather than national regulation and that could present formidable obstacles given the various cultures and political systems involved in such a widespread effort. Even regulation at the national level will be heavily influenced by who the regulators are and what credibility they have. And there will invariably be calls for protectionism to shelter jobs and markets that suffer from intensifying competitive pressures. Companies that execute well will be more attractive as partners and supplier to government bodies and better prepared to adapt to changing regulations.

(4) Risk Management-understanding and controlling risks at every level of the business including political and global economic risk-will become a huge part of every leader’s job: As of this writing there is considerable debate about whether the global economy will slide into deflation or if stimulus polices will touch off a new burst of inflation. Being prepared for either result is a fundamental tenet of risk management. But inflation or deflation can be forecast to some extent. The real risks are those that lie hidden beneath the veneer of “business as usual”. A decade ago credit default obligations or collateralized mortgage obligations mattered little, yet those instruments, highly touted a few years ago as means to reduce risk, have been at the root of the current crisis. The lesson of the past two years is clear: Your strategy must incorporate a plan to deal with not only company and industry-specific risk, but also unknown risks, such as those in global financial system. Execution is what gives you an edge in detecting new realities in the external environment as well as risks that are being introduced, perhaps inadvertently, to your own operations.

(Source: “EXECUTION—The Discipline of Getting Things Done” -2011 edition Book)

not attracting disallowance is that there is no loss of revenue as the stock exchanges discharge their tax liabilities in their own cases.

4. Further dilution of rigours of section 40(a)(ia)

Further dilution of the rigous of section 40(a)(ia) is seen In the decision in case of DCIT Vs. M/s. S. K. Tekriwal [I.T.A No. 1135/Kol/2010, ITAT Kolkata Bench, dtd. 21.10.2011] In this case, the ITAT held that disallowance under section 40(a)(ia) can be made in case of total failure to deduct tax at source. No disallowance under sec. 40(a)(ia) can be made for short-deduction of tax.

In another decision in case of ITO Vs Rajesh Kr Garg [ ITA No. 532/Kol/2011, ITAT Kolkata bench, dtd.05.08.2011] it was held that when the assessee has received Form 15 I from the payee and no deduction is made on that basis, no disallowance can be made u/s. 40(a) (ia) only for the reason that the forms were not submitted in time before the jurisdictional CIT.

RESETTING EXECUTION FOR A TIME OF CRISIS Compiled by : CA. Bimal Bhatt


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Prior Environment Clearance (EC) – the Process Compiled by CA & Valuer Bharat Gajjar :

In last paper(s), I have discussed about the Process of Prior Environmental Clearance (EC), Authorities giving EC, List of the projects or activities those are required Prior Environmental Clearance.

There are about 8 Nos. of Broad Classifications, aggregating 39 kinds of projects or activities, including Construction Project/Activity; those are required Prior Environmental Clearance from the concerned regulatory authority. The authority means (a) Central Government in the Ministry of Environment and Forests (MOEF) for the projects or activities falling under Category “A? in the Schedule and (b) the State level, the State Environment Impact Assessment Authority (SEIAA) for the projects or activities falling under Category “B” in the said Schedule.

Now in this paper and onwards, the detail parameters, its threshold limit, conditions, as stipulated into Schedule to the Notification No. S.O.1533, dtd. 14.09.2011 of MOEF, in respect to projects or activities those are required Prior Environmental Clearance; have been compiled.

Broad Classifications No. 1 to 3 for PROJECTS OR ACTIVITIES REQUIRING PRIOR ENVIRONMENTAL CLEARANCE

Broad Classification 1 : Mining, extraction of natural resources and power generation (for a specified production capacity)

Broad Classification 2 : Primary Processing

Broad Classification 3 : Materials Production

Project or Activity Category with threshold limit Conditions if any

(A) (B)

(1) (2) (3) (4) (5)

1 MINING, EXTRACTION OF NATURAL RESOURCES AND POWER GENERATION (FOR A SPECIFIED PRODUCTION CAPACITY)

1(a) Mining of minerals ≥ 50 ha. of mining lease < 50 ha ≥ 5 ha. General Condition shall apply area Asbestos mining of mining lease area. Note Mineral prospecting irrespective of (not involving drilling)mining area are exempted provided the

oncession areas have gotprevious clearance for physicalsurvey

1(b) Offshore and onshore oil All projects Note Exploration Surveysand gas exploration, (not involving drilling)development & production are exempted provided the

concession areas have gotprevious clearance for physicalsurvey

1(c) River Valley projects (i) ≥ 50 MW hydroelectric (i) < 50 MW ≥ 25 MW General Condition shall apply power generation; hydroelectric power generation;

(ii) ≥ 10,000 ha. of (ii) < 10,000 ha. of culturableculturable command area command area

1(d) Thermal Power Plants ≥ 500 MW (coal/lignite/ < 500 MW (coal/lignite/naptha General Condition shall apply

naphta & gas based); & gas based); <50 MW ≥ 5MW

≥ 50 MW (Pet coke diesel Pet coke, diesel and and all other fuels ) (all other fuels )

1(e) Nuclear power projects and All projects — —processing of nuclear fuel

2 PRIMARY PROCESSING

2(a) Coal washeries ≥ 1 million ton/annum <1million ton/annum General Condition shall apply throughput of coal throughput of coal (If located within mining area

the proposal shall be appraised together with the mining proposal)


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Project or Activity Category with threshold limit Conditions if any

(A) (B)

(1) (2) (3) (4) (5)

2 (b) Mineral beneficiation ≥ 0.1million ton/annum < 0.1million ton/annum mineral General Condition shall apply mineral throughput throughput (Mining proposal with Mineral

beneficiation shall be appraised together for grant of clearance)

3 MATERIALS PRODUCTION

3(a) Metallurgical industries a)Primary metallurgical Sponge iron manufacturing General Condition shall apply (ferrous & non ferrous) industry All projects <200TPD Secondary for Sponge iron manufacturing

b) Sponge iron metallurgical processing industry

manufacturing ≥ 200 TPD i) All toxic and heavy metal c)Secondary metallurgical producing units <20,000 tonnes processing industry /annum All toxic and heavy ii) All other non –toxic secondarymetal producing units metallurgical processing

≥ 20,000 tonnes /annum industries >5000 tonnes/annum

3( b) Cement plants ≥ 1.0 million tonnes/annum <1.0 million tonnes/annum General Condition shall apply production capacity production capacity.

All Stand alone grinding units

To be continued in series

Step : 1 - Visit www.icai.org.in

Step : 2 - Take cursor to ‘Firm Website’ and Click on ‘Create a new website’

Step : 3 - You have to register your firm details for creating your website as follows:

a) Your Six Digits Membership No.: _________

b) Your Date of Enrollment (dd/mm/yyyy): _________

c) Your Firm Registration Number: _________

d) Firm Constitution Date (dd/mm/yyyy): _________

e) Username: _________

f) Password: _________

g) Confirm Password: _________

Step : 4 - Please read the ‘Council Web Site Guidelines’ and Disclaimer and confirm having read and agreed to the terms and conditions therein and tick the dialogue box.

Step : 5 - Please click on submit button.

Step : 6 - This process will automatically create a new site and the URL to access the site will be as follows:

(Using this URL you can browse the firm website)

On clicking the “Submit” button, a new Site will be automatically created based on your firm’s name and the URL to access the site will be as follows http://yourfirmname.icai.org.in

Visit www.icai.org.in

Take cursor to ‘Firm Website’ and Click on ‘Log in’

http://yourfirmname.icai.org.in

MAINTAIN AND UPDATE YOUR WEBSITE

CREATION OF WEBSITES BY CA FIRMS AND PRACTITIONERS IN WWW.ICAI.ORG.IN Compiled by : Chandrika Parsiya

Fill in the following details:

Username:

Password:

Please enter the user name and password which the system had generated when you have submitted the form. The user name and the site address will also be sent via sms to your mobile number registered with ICAI.

i) Update Your Homepage

Click on ‘Update Homepage’

Select Message Template from the drop-down-menu next to ‘Default Homepage Content’ OR Create your own Welcome Message by writing in the box below.

Enter following details:

META Title: (a brief title for your site)

META Keywords: (keywords for your site, separated by commas)

META Description: (description of your site)

Click ‘Update’

ii) Updating Your Services

Click on ‘Update Your Services’

Select from the list of services displayed by clicking on the boxes appearing to the left of respective service.

Click ‘Update’

iii) Updating Partners Information

Click on ‘Update Partners Info’ - The list of the Partners as per the ICAI Database will be displayed along with their

qualifications.


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Enter Designation and specialization of each partner

Click ‘Update’

iv) Updating Working Hours

Click on ‘Update Working Hours’

Enter your working hours. Eg: 9:00A.M. to 8 P.M.

Click ‘Update’

v) Managing Employees

Click on ‘Manage Employees’

Enter following details of your employees:

No. of Chartered Accountants:

No. of Other Professionals:

No. of Article/Audit Assistants:

No. of other employees:

You may also enter following details of particular employees:

Name:

Membership no.:

Age:

Date of becoming Member:

Recognised Qualifications:

Languages Known

Designation

Contact Info:

Click ‘Update’

vi) Managing Important Links – This option will enable you to provide linkages from your Web site to other sites from time to time.

Click on ‘Manage Important Links’

Enter following details:

Link Title: Eg-ICAI

Link URL: Eg-http//www.icai.org

Link Details: Eg- The Institute of Chartered Accountants of India

Click ‘Update’

vii) Managing Menu Positions - This option will enable you to set the Menu appearing in the left hand side of your Website as per your order of Preference.

Click on ‘Manage Menu Positions’

Click in the box to the left of each Page Title to activate or deactivate the particular title. Such titles will appear when activated and will not appear when deactivated.

Enter numerals (1, 2, 3, 4, 5 etc.) in the boxes to the right of each Page Title in order of your preference. The tabs appearing in the left hand side of the page will be arranged as per your order of preference.

Click ‘Update’

viii) Managing Web Site Templates – Certain inbuilt templates have been provided in the Website. Users may select the template of his choice and his website shall be designed as per the design of the chosen template.

Click on ‘Manage Your Web Site Template’

Select the template of your choice by clicking on the box to the left of the particular template

Click on ‘Update Template’

ix) Managing Web Site Analytics – One can come to know about the Web Site Statistics using google Analytics tool.

x) Web Site Status - The site will be accessible when made online and site cannot be accessed when made offline.

Select ‘Online’ or ‘Offline’ option from the drop-down Menu

Click on ‘Update’

xi) Changing Password:

Fill in following details to change your password:

Current Password:

New Password:

Confirm New Password:

Click ‘Change’

xii) Logout: Logging out will take you out from the maintenance menu of your web site. It is important to log out to protect your Website from misuse by any person.

The Law of the Garbage TruckCompiled By CA. Nayan Kothari

One day I hopped into a taxi and we took off for the airport. We were driving in the right lane when suddenly a car jumped out of a parking space right in front of us. My taxi driver slammed on his breaks ... skidded, and missed the other car by just inches! The driver of the other car whipped his head around and started yelling at us. My taxi driver just smiled and waved at the guy. And I mean he was really friendly.

So I asked, "Why did you just do that? This guy almost ruined your car and sent us to the hospital!"

This is when my taxi driver taught me what I now call "The Law of the Garbage Truck." He explained that many people are like garbage trucks. They run around full of garbage, full of frustration, full of anger, and full of disappointment. As their garbage piles up, they need a place to dump it and sometimes they'll dump it on you. Don't take it personally. Just smile, wave, wish them well, and move on. Don't take their garbage and spread it to other people at work, at home, or on the street. The bottom line is that successful people don't let garbage trucks take over their day.

Life's too short to wake up in the morning with regrets, so… Love the people who treat you right. Forgive the ones who don't. Life is ten percent what you make it and ninety percent how you take it!

Members can avail drop-box facility by dropping their cheques for registration in Drop Box at 2-B Ramkrishna Chambers, BPC Road, Baroda. Kindly mention your name, membership number and the program for which registration is sought, on the backside of the Cheque.

DROP BOX FACILITY FOR REGISTRATION

Not receiving Branch Updates via SMS? To start receiving updates

SMS ICAIBRD to 9220092200 today


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CA. Rajiv D KhatlawalaManaging Director

Value Academy Pvt Ltd.Trade

Get FULL KNOWLEDGE at One Place ONLY and ONLY at

OFFICE PREMISES TO BE GIVEN ON HIRE

Located in Baroda, Race Course Circle, Near Income Tax

Office and Future Court Building. Aprox 1550 Sq.ft. Area.

Fully furnished, Teak Wood Finished, Centrally A.C.,

Corporate Style Cabins & Conference Room,

Decent Reception Area, Private Pentry & Restroom.

Near Train Station, Airport and Multinational Offices/Banks.

Contact: Atul Parikh +91-265-2312726

[email protected]


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Inauguration of the Convention by Lighting of LampChief Guest, Shri Deepak Kumar,Chief Commissioner of Central

Excise and Custom, Baroda

CA Rajiv Luthia, Mumbai CA S. S. Gupta, Mumbai

CA Sunil Ghabhawala, Mumbai CA Anirudh Sonpal, Baroda Panel Discussion Session

FULL DAY WORKSHOP ON CAPACITY BUILDING MEASURES FOR PRACTITIONERS AND CA FIRMS ON 26.11.2011

CA. Atul Bheda, CCM, ICAICA. Rahul Parikh,

Immediate Past Chairman Baroda BranchShri Rakesh Narula, Baroda Shri Animesh Bhatt, Baroda

HALF DAY WORKSHOP ON INFORMATION TECHNOLOGY ON 12.11.2011 BARODA CPE STUDY CIRCLE MEETINGS

Shri Rajendra Shah, Vadodara CA. Farhad Wadia, Vadodara

CA. Yash Gupta, Speaking on Presentation on Schedule XIII

CA. Vikash Manoharan, Speaking on Corporate Management System for

SMEs and Role of Chartered Accountants

DIWALI MILAN ON 05.11.2011

ICAI NATIONAL CONVENTION ON INDIRECT TAXES ON 19.11.2011


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If undelivered, please return to :


“ICAI Bhawan”, Kalali-Tandalja Road, Atladra, Vadodara - 390 012. Telefax : +91 265 2681115 / 2680593 E-mail: [email protected] WIRC : www.wirc-icai.org ICAI: www.icai.in l l

* Discount - 3 to 6 issue of 10%, 7 to 12 issue 15%* Circulated to more than 1300 Chartered Accountants

Back Cover (Multi color)

Inside Front Cover (Multi color)

Inside Back Cover (Multi color)

10,000

7,500

7,500

Full Page (Single Color)

Half Page (Single Color)

5,000

3,000

Design & Printed at : MULTIPRINTS, Vadodara - 390 016. Ph.: 0265-2285592

About Ranthambhore Forest Resort

W e l c o m H e r i t a g e Ranthambhore Forest Resort (A Joint Venture of ITC) is the ultimate in comfor t and hospitality. Spread over five acres, the resort borders the lush green forest, behind which mountains provide a unique backdrop. On all sides it offers a spectacular view of untamed nature in all its manifestations of flora and fauna. Migratory and local birds can be both seen and heard around the Resort. The unsurpassed diversity of the wildlife consists of a number of animals such as deer, hyenas, foxes, sloth bears, jungle cats and many others. And, of course, the major attraction is the tiger.

Ranthambhore Wildl i fe Sanctuary

Ranthambhore National park is spread over an area of 392 sq. km. punctuated with w a t e r f a l l s , l a k e s a n d numerous streams. The characteristic ruggedness of the topography of this region comprises a delightful mix of cliffs, narrow valleys and plateaus. Way back in 1955, Ranthambhore was declared a wildlife sanctuary by the Government of India.

Baroda Branch appreciates overwhelming response of members for Residential Refresher Course every year. Baroda Branch has organized 21st RRC at WelcomHeritage Ranthambhore Forest Resort at Sawai Madhopur, Rajasthan a beautiful scenic location. Vadodara to Sawai Madhopur is very comfortable overnight journey in train.

www.ranthambhoreforestresort.in

WelcomHeritage Ranthambhore Forest Resortth th 6 (Friday) to 8 (Sunday) January, 2012 CPE

Hrs

21st Residential Refresher Course (2012)

Registration

Closed

The Baroda Branch of WIRC of ICAI & Gandhidham Branch of WIRC of ICAI are pleased to announce



DETAILED ITINERARY

05/01/2012 Thursday Departure from Baroda by Jaipur Superfast (12979) at 22.24 hrs by III Tier AC

06/01/2012 Friday Arrival at Sawaimadhopur Railway Station at 8.27 hrs and depart by Canters for WelcomHeritage Ranthambhore Forest Resort (3 km from station)

06/01/2012 Friday Breakfast and Check in to the Resort at 9:00 hrs

06/01/2012 Friday Inauguration and First Technical Session (11:00 hrs to 13:30 hrs)

?10:30 to 11:30 hrs.: Key Note Address - CA. Sunil Goyal, Past President, ICAI ?11.30 to 12.30 hrs.: Session-1 Future of Profession - CA. Sunil Goyal, Past President,

ICAI?12.30 to 13.30 hrs.: Session-2 Information System Audit - CA. Anup Modi, Past

Chairman Baroda Branch

06/01/2012 Friday 19:30 hrs onwards Evening Party along with Folk Dance

07/01/2012 Saturday Group Discussion & Technical Session (9:00 hrs to 13:30 hrs)

?09.00 to 09.45 hrs: Group Discussion - Income Tax?09.45 to 10.30 hrs: Group Discussion - Accounts & Audit ?10.45 to 11.45 hrs: Trade Finance under Letter of Credit - CA. Manish Maloo, Baroda ?12.00 to 12.45 hrs: Income Tax GD Analysis : CA. K. L. Jhanwar, Jaipur?12.45 to 13.30 hrs: Accounts & Audit GD Analysis– Eminent Faculty

07/01/2012 Saturday Jungle Safari in Ranthambhore National Park (14:30 hrs to 18:30 hrs)

07/01/2012 Saturday Evening Party along with DJ (19:00 hrs onwards)

08/01/2012 Sunday Brain Trust Session (9:00 hrs to 13:00)

?Income Tax – CA. Abbas Gulamhusainwala, Baroda ?Service Tax – CA. Sanjeev Agrawal, Jaipur ?FEMA – Eminent Faculty

08/01/2012 Sunday Site Seeing at Sawai Madhopur Forte & Ganeshji Temple (14:00 hrs to 18:00 hrs)

08/01/2012 Sunday Departure for Baroda by August Kranit Rajdhai (12954) at 20.36 hrs

09/01/2012 Monday Arrival at Baroda at 4:23 hrs

NewsLetter - Baroda Branch of WIRC of ICAI · BARODA BRANCH MEMBER’S DIRECTORY LAUNCHING...

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