(set up by an act of parliament) ahmedabad branch of...

The Institute of Chartered Accountants of India(Set up by an Act of Parliament)

AHMEDABAD BRANCH OF WIRC OF ICAI

Editorial

Income Tax UpdatesVAT UpdatesInformation TechnologyUpdates

Service Tax Updates2

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Company Law Updates 7

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Photo Gallery 9-12

Chairman’s MessageDear Members,

The March month being year end closure is hectic for all the members and the same has been the case for the branch due to series of activities organized during the months such as seminar on Bank Audit, GST, latest changes in Income Tax, Women Day celebration, Health Checkup camp etc. and taking capacity building measures in line with the theme of the year 'Innovate Change Excel'.

For the first time ever International was planned with series of 4 events i.e. Cooking Competition, Quiz Competition, National Women Conference and Cyclothon. Parallel to that we had conducted mega conference on at G.S. Co. Op. Bank, Auditorium with a massive participation of 500 plus members across Gujarat.

The Parliament passed four related bills - CGST, IGST, the Goods and Services Tax (Compensation to States) Bill and UTGST, paving the way for the new indirect tax to be implemented nationwide. The various measures taken by branch during the month to abreast the members includes seminar on GST overview and transitional issues and Interaction with government officials for smooth GST migration.

It's my pleasure to inform that the suggestion of the Chartered Accountants accompanying the government officials in their endeavour of outreach to trade/industry association for training and explaining GST migration, was accepted during the meeting organised by Commissioner of Commercial Tax, Excise, Customs and Service Tax on 30th March 2017 and it will create good for CAs across Gujarat.

The to observe live the Gujarat Assembly proceeding and interactaction with Hon. Speaker of Gujarat Assembly Shri Ramanlal Vora was arranged for members and students.

. Ours is a profession that requires constant up-gradation in knowledge as well as learning & unlearning of topics and techniques. During the month, CBDT has issue ICDS FAQs, Revised New ITR Forms and MCA has issued notification regarding SBN

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Woman's Day

Statutory Bank Audit

GST

professional opportunities

visit to Gujarat Assembly Bhawan

Change is inevitable

CA. Chintan Patel

CA. Harit Dhariwal

CA. Ganesh Nadar

CA. Fenil Shah

90999 21163Chairman

99789 42299Vice Chairman

99744 77447Secretary

89050 30507Treasurer

CA. Vikash JainCA. Nirav ChoksiCA. Bishan ShahCA. Rajiv Ravani

CA. Dhinal Shah

CA. Aniket Talati

CA. P. H. Khandelwal

CA. Priyam R. Shah

98250 29950CCM

98255 51448Secretary, WIRC

98250 20844RCM

98240 96112RCM

CA. Harit Dhariwal ChairmanCA. Sandesh Mundra Co-ChairmanCA. Nimesh R. Hariya Convenor

MANAGING COMMITTEE

EDITORIAL BOARD

-NEWSLETTERe

CA. Rohit Maloo CA. Vivek AgarwalCA. Dishank Shah CA. Rushabh ShahCA. Nimesh Bhavsar CA. Shaleen PatniCA. Mohit Tibrewal CA. Urvashi JindalCA. Nilay Shah CA. Manisha ShahCA. Dinesh Shah CA. Sagar ShahCA. Darshit Khetani

What’s

insideQuick Connect

Due Date 01

COMMITTEE MEMBERS

EX-OFFICIO MEMBERS

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EditorialDear Members,

After receiving a wonderful response to the March edition of our Newsletter, it gives me immense pleasure to share the April edition on the theme of “Health” & “Environmental and Climate Literacy”. While we celebrate the “World Health Day” on 7 April, we also celebrate the “World Earth Day” on 22 April. The greatest threat to our lives and our well-being is our lifestyle. Ask people how they are doing these days, and the first word you will hear is "busy" / “exhausted”. Howsoever busy we are, lets take pledge to maintain a happy and healthy lifestyle. We should also take utmost care to see that our planet becomes a more sustainable and livable place.

With the objective of “sharing knowledge” and installing “creativity with commitment”, we have planned a lot many interesting additions to the newsletter, which you will find in the coming month' issues. I would like to take this opportunity to sincerely thank all the contributors for sending the updates and sparing their precious time for the cause of the profession. In order to make the newsletter more resourceful, we need your support by way of contribution of updates, useful suggestions, etc. I would request you to send your contributions on the topics of Direct & Indirect taxes, Corporate Law, Information technology, Indian & World economy and other interesting topics. Kindly email your contributions, achievements etc. on [email protected]. The editorial team will publish the best contribution at its own discretion. I extend my sincere gratitude to the Editorial team for their hard work to publish this newsletter in time.Happy Reading!

Chairman, Newsletter Committee

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CA. Harit Dhariwal

God wanted to make heaven and the earth is that heaven. Nowhere in the universe there is so much love, life, beauty and peace. Enjoy your stay with the fellow beings - Amit Ray

reporting disclosures. To abreast the members on this, the seminars on each of these changes were arranged with specific focus on resolving practical issues. Other important seminars includes 269ST & 271D of Income Tax Act, recent notices issued by ROC, overview of Forensic accounting and fraud prevention and many more have been organised for betterment of members.

During the month, on International Taxation and Information Systems Audit Practical Training were held at Ahmedabad.

. As Prevention is better than cure, we have organized Health Check up Camp and a Stress Management (using pranic healing) workshop.

Wishing you all Happy New Financial Year!

Sincerely Yours,

Chairman, Ahmedabad Branch of WIRC of ICAI

Post Qualification courses

We care for you and your family members

CA. Chintan Patel


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CYBER LAW & CYBER CRIMES

What is Credit Card/Online Banking Fraud?

Law as Applicable and Illustration

Illustration 1

Credit card /Online Banking Fraud Is a wide ranging term for theft and fraud Committed using a credit card or hacked online bank account or any similar payment mechanism as a fraudulent source of funds in a transaction. The purpose may be to obtain goods without paying,or to obtain unauthorized funds from an account.

There are billions of rupees lost annually by consumer's who have credit card and calling card numbers stolen from online databases.Bulletin boards and other online services are frequent targets for hackers who want to access large base database of credit card information.

Under The IT Act,2000 as amended by Information Technology(Amendment) Act,2008. Section 43(a),43(b)&43(g) read with Section 66,66D is applicable,and Section 420,467,468,&471 of Indian Penal code,1860 are applicable.The Victim can register a complaint in the nearest police station where the above crime has been committed or where he comes to know about the said crime.The complaints can also file for a Compensationupto Rs.10 lakhs with banking ombudsman or compensation upto Rs.5 crores with the adjudicating officer of the state and compensation above Rs.5 Crores with the civil court of the relevant jurisdiction.He can also opt for arbitration.

At the king International hotel in Mumbai four tech-savvyyoungsters from Andheri,two of them software engineers,got together to earn a quick money and ended up siphoning off over 3 lakh of citizen's money.The mastermind of the gang was 19 years old Leo Paul. A Second year engineering student at a bandra college,teamed with akashkamble,a 19-year old Lokhandwala resident and ordered the card-reader or credit cards skimming device which can store data of 12 credit cards from USA,using the Internet,since it was directly not available in India.

The boys befriended a waiter at Kings International hotel at Juhu to take their plan ahead.Every time someone ate a meal in the hotel and paid by credit card,the waiter would discreetly swipe it through the magnetic card-reader,which is no more

then 6-Inches long and can be stored in the pocket.Once the waiter was done,he would handover the devise to paul who would download the data from the cards on to Kamble's personal computer.The duo would then feed the data Into blank cards,available in the grey market.The cards were now ready to be used in Shopping malls and theatres,or to withdraw money from an ATM. The boys forged Information from more than 22 cards in this manner.

It is the case sourcing engineering.US $ 350000 from city bank accounts of four US customers were dishonestly transferred to bogus accounts in Pune,through Internet.some employees of a call centre gained the confidence of the US customers and obtained their PIN numbers under the guise of helping the customers out of difficult situation.Later they used these numbers to Commit fraud.Highest security prevails in the call centers in India as they know that they Will lose their business.The call center employees are checked when they go in and out so they cannot copy down. They must have remembered these numbers ,gone out Immediately to a cyber cafe and assessed the Citibank accounts of the customers. All accounts were opened in pune and the customers complained that the money from their accounts was transferred to pune accounts and that's how the criminals were traced.

The Hyderabad police in India arrested an unemployed computer operatorand his friend,a steward in a prominent five-star hotel,for stealing and misusing credit card numbers belonging to hotel customers.The steward notes down the various details of the credit cards,which were handed by clients of the hotel for paying their bills.Then ,he passed all the details to his computer operator friend who used the details to make online purchases on Various Websites.

Sanjay Dhande V/s ICICI Bank& Vodafone (Landmark case of Jan 2014)

ChanderKalani v/s SBI Bank(Decided In Jan.2015)

Raatronics v/s Central Bank&Ors.(Decided in Jan.2015)

Illustration 2

Illustration 3

Case Laws

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(Contributed by Tarun Masani)Information Technology Updates

If we are ever to halt climate change and conserve land, water and other resources, not to mention reduce animal suffering, we must celebrate Earth Day every day - Ingrid Newkirk


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(Contributed by CA. Sandesh Mundra)Quick Connect

The Real Estate (Regulation and Development) Act, 2016, also famously known as RERA. Real estate is largely unregulated sector. It is necessary in the interests of effective consumer protection, uniformity and standardization of business practices and transactions in the real estate sector, Central government was introduced “Real Estate (Regulation and Development) Act, 2016 in parliament and passed on 15/03/2016 and received President's Assent on 25/03/2016.

As per Section 20 of the Act, two or more States or Union Territories (UT) may establish a RERA authority or State / UT can establish more than single authority to perform the functions assigned to it under the Act for interest to the real estate sector.

The other bodies to be created are RERA Appellate Tribunals and Central Advisory Council.

The act would be applicable to all ongoing project which have not received the completion certificate from the competent local authority on the date of applicability of this law . The date notified in Gujarat is 1 November, 2016.

As per Section 3(2) of the Act, Registration is Compulsory where project proposed to be developed has following facts :-

Land : Land area exceeds 500 Sq. Mtrs., or

Apartments : Exceed 8 units inclusive of

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ALL PHASES

Basic understanding on RERA

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RERA or Authority setup under the law

Registration of Real estate Projects & Agent

Real estate Promoter and Agent have to apply for registration before the Authority under this law if the proposed project meets the above mentioned threshold limit. Registration is required phase wise to ensure ease in monitoring.

Submit/upload necessary records at time of registration which will be useful to customer to judge the project and the promoter's background.

As per Section 4(2)(l)(D) of the Act, 70% of the amounts realised from the real estate project, from time to time, shall be deposited in a separate bank account to be maintained in a scheduled bank to cover the cost of construction and land and shall be used only for that purpose.

This amount can be withdrawn based on certification from an engineer, an architect and a chartered accountant in practice.

- No false promises / statements in advertisement,

- Sale only based on carpet area

- Annual audit of project accounts from a Chartered Accountant

- Quarterly update of project details on RERA's website like unsold stock, completion of project etc.,

- Take consent from allottees for any major changes/ alteration,

- Meet project completion time frame or pay interest/ penalties

In case of non-compliance, there are several penal provisions in the Act from section 59 to 68 including imprisonment.

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Safeguarding consumer interest

Other some important points are as under

Penalties for non-compliance

Every day is Earth Day, and I vote we start investing in a secure climate future right now – Jackie Speier

Important Amendments

Important Judgments

1) There is extension for one month for getting the VAT Audit Report and Filling of Annual Returns for the year 2015-16 vide circular Gujka/VAT-17C//16-17/javak 195/170 & Gujka/VAT-17C//16-17/javak 196/171. Thus the final date of getting the audit done and annual return is 31 march 2017 and the submission date will be 30 April 2017

1) In the case of M/s. Alpha Industries Versus The Commercial Tax Officer, The Deputy Commissioner (CT) , The Assistant

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Vat Updates(Contributed by CA. Monish S Shah)

Commissioner (CT) - 2017 (4) TMI 133 - MADRAS HIGH COURT it was held that the machinery is imported for the petitioners personal use and their specific case that there is no sale or purchase taken place inside the State of Tamilnadu, and the department cannot continue to detain the goods any more - goods to be released on furnishing of bank guarantee.

2) In High Court of Gujarat 16.03.2017 - Riddhi Siddhi Bio Glucols Ltd. - Penalty u/s. 45(6) of the Gujarat Sales Tax Act is statutory penalty without any discretion upon the authority to levy it or not. Once the difference of tax payable & paid is more than 25%, the penalty is attracted & no separate notice is required to levy this penalty. If assessing authority has not levied this statutory penalty in



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stock across the distribution chain, valuation of interstate stock transfer s and certain specific services. The Lok Sabha last month had approved the Central GST (CGST), Integrated GST (IGST), Union Territory GST (UTGST) and the Compensation to states law. Now with the rules out I am sure that the GST roll out from 1 July 2017 seems to be certain.The next meeting shall be to finalize rates. All business circles are having a closer look towards this meeting. The broader rates have been defined and aligned however individual rates need to be discussed. It is assumed around 75 items will be under 0%. However this may also impact the costing of the product. Education, healthcare and pilgrimages will continue to be out of service tax net even under the GST regime as the Centre is against giving any shock in the first year of the rollout by bringing in new services.Besides making a strong case to the GST Council for not touching services that are out of tax net currently, the Centre will also pitch for keeping concessional rate for services like transport at the current level. There may be items of services where abatement (concessional rate) is given for valid reasons. So those items, because there will be no provision for abatements (in GST), so they will have to fit them in the rates closed to the present incidence.

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Health is a state of complete physical, mental and social well-being, and not merely the absence of disease or infirmity. – World Health Organization, 1948

assessment eventhough leviable then it can be imposed by way of revision. Except penalty u/s. 45 (6), no other penalty can be levied for the first time in revision. Gujarat High Court decision of Bhavnagar Chemical Works is good law on this issue that penalty cannot be levied for the first time in revision but it does not apply to penalty u/s. 45(6). It applies to levy of penalty under any other section.

The government has notified all the nine rules of GST which include a) Composition Rulesb) Valuation Rulesc) Transition Rulesd) ITC Rulese) Revised Payment Rulesf) Revised Refund Rulesg) Revised Registration Rulesh) Invoice Rulesi) Returns RulesThese rules will provide much of clarity on several critical aspects such as mechanism of credit of tax paid on opening

Notifications

Vide Notification No 10/2017-ST Dt. 08-03-2017 applicable from 01.04.2017 inserted the following proviso after sub-clause (iv) of clause (b) in entry no. 9 of mega exemption notification 25/2012-Service Tax dated 20.06.2012:

“Provided that nothing contained in clause (b) of this entry shall apply to an educational institution other than an institution providing services by way of pre-school education and education up to higher secondary school or equivalent”.

Clause (b) of entry 9 provides for exemption to specific services which are provided to an educational institution namely:

(I) Transportation of students, faculty and staff

(ii) catering, including any mid-day meals scheme sponsored by the Government;

(iii) Security services

(iv) cleaning services

(v) house-keeping services

(vi) services relating to admission to, or conduct of examination by, such institution

In present scenario if a service provider provides any of the

Service Tax Updates(Contributed by CA. Rahul Maliwal)

above listed services to an educational institution the same is exempt from service tax.

Educational institution covers:-

(I) pre-school education and education up to higher secondary school or equivalent;

(ii) education as a part of a curriculum for obtaining a qualification recognized by any law for the time being in force;

(iii) education as a part of an approved vocational education course;

But with this notification w.e.f. 01.04.2017 above mentioned services shall enjoy exemptions only if the same are provided to:-

(i) E ducational in st itut ions prov idin g serv ices by way of pre-school education.

(ii) Educational institutions providing education up to higher secondary school or equivalent.

In other words if the specified services are provided to following institution shall taxable w.e.f.01/04/2017:-

(i) which provides education as a part of curriculum for obtaining a qualification recognized by any law

(ii) an institution providing education as a part of vocational education course,

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A. New ITR Forms applicable for AY 2017-2018

http://www.incometaxindia.gov.in/forms/income-tax%20rules/2017/itr1_english.pdf




The Income Tax Department has released the ITR (Income Tax Return) Forms for Financial Year 2016-2017 (i.e. Assessment Year 2017-2018).

· Single page ITR Form for those with income uptoRs 50L

· ITR -1 can only be filed by those with ONE house property

· Schedule AL has been taken off from ITR-1· Old ITR-2, ITR-2A and ITR-3 have been done away with

and merged to NEW ITR-2· Old ITR-4 is now NEW ITR-3 and Old ITR-4S(Sugam) is

now NEW ITR-4(Sugam)· Mentioning Aadhaar number or Aadhaar enrollment

id is mandatory· New section added in ITR-1 for mentioning exempt

long term capital gains. Mandatory to e-file tax returns for those with LTCG of Rs 2.5L or more, even though their total taxable income may be below Rs 2.5L.

· Paper returns can only be filed by those who are above 80 years of age OR by an individual or HUF whose income does not exceed five lakh rupees and who has not claimed any refund in the return of income.

Major Changes in the ITR- Forms

ITR 1 SAHAJ for AY 2017-18

ITR 2 for AY 2017-18


ITR 4S (SUGAM)


For Individuals having Income from Salaries, one house property, other sources (Interest etc.) and having total income uptoRs.50 lakh.

For Individuals and HUFs not carrying out business or profession under any proprietorship.

For individuals and HUFs having income from a p r o p r i e t a r y b u s i n e s s o r p r o f e s s i o n .

For Presumptive Business from Business or Professions

For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing ITR-7

Income Tax Updates(Contributed by CA. Nirav Choksi)




http://www.incometaxindia.gov.in/forms/income-tax%20rules/2017/itr-v-engish.pdf

CBDT had notified revised ICDS (I to X) applicable from FY/ PY 2016-17 (AY 2017-18) excluding the cases of Individuals and HUF not subject to Tax audit. Now a set of 25 FAQs for clarifications on certain provisions of Revised ICDS has been issued by CBDT on 23.03.2017 vide Circular No. 10/2017.http://www.incometaxindia.gov.in/communications/circular/circular10_2017.pdf

C.

CBDT has empowered the Chief Commissioner of Income tax / Director General of Income tax to waive the interest charged under section 201(1A)(i) of the Income tax Act 1961 in a certain class of cases.http://www.incometaxindia.gov.in/communications/circular/circular11_2017.pdf

D.

The time limit for submission of Form No. 1 under the PradhanMantriGaribKalyanYojana Scheme 2016 has been extended to 10 April, 2017 subject to payment of the tax, surcharge, penalty and deposit under the scheme before 31 March, 2017.http://www.incometaxindia.gov.in/communications/circular/circular12_2017.pdf

E.

http://www.incometaxindia.gov.in/communications/notification/notification25_2017.pdf

F.

http://www.incometaxindia.gov.in/communications/notification/notification2_2017-15-03-2017.pdf

B. FAQs on ICDS (Income Computations & Disclosure Standards) Circular No. 10/2017 dated 23.03.2017

Guidelines for Waiver of Interest Charged under section 201(1A)(i) Circular No. 11/2017 dated 24.03.2017

Extension of Time Limit of filing of Form No. 1 under PMGKY Circular No. 12/2017 dated 31.03.2017

Form No. 3CFA for taxation of income from patent Under section 115BBF Notification No. 25/2017 dated 31.03.2017:

Procedure for Application of PAN along with Incorporation vide Simplified Form (Form INC-32) of MCA Notification No. 2/2017 dated 09.03.2017:

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ACKNOWLEDGMENT ITR-V FOR AY 2017-18

For Companies other than companies claiming exemption under section 11

For persons including companies required to furnish return under section 139(4A), 139(4B), 139(4C), 139(4D), 139(4E) & 139(4F)

The hospitals and graveyards are filled with those who refused to acknowledge the virtues of physical morality. – Dr Ron Spallone


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1.

The Ministry of Corporate Affairs (MCA) has introduced the requirement of disclosure of details of Specified Bank Notes (SBN) held and transacted during the specified period and also requires the auditor to comment upon such disclosure by way of amendments dated 30.03.2017 in Schedule III and Companies (Audit and Auditors) Rules, 2014.

The MCA has amended division I and division II of the Schedule III. As per the amendment, each company needs to disclose the details of Specified Bank Notes held and transacted during the period from 8 November 2016 to 30 December 2016 in the prescribed format.

The auditors are required to report on whether the company had provided requisite disclosures in its financial statements as to holdings as well as dealings in Specified Bank Notes during the period from 8 November 2016 to 30 December 2016 and if so, whether these are in accordance with the books of accounts m a i n t a i n e d b y t h e c o m p a n y .

2.

The MCA has issued Companies (Meetings of Board and its Powers) Amendment Rules, 2017 dealing with

Disclosure of details of Specified Bank Notes (SBN) in Financial Statements

Disclosure of SBNs in Financial Statements (Amendment to Schedule III)

Companies (Audit and Auditors) Amendment Rules, 2017

Companies (Meetings of Board and its Powers) Amendment Rules, 2017

Issue Date: 30 March 2017

http://egazette.nic.in/WriteReadData/2017/175074.pdf


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Accounting &Company Law Updates(Contributed by CA. Chintan Patel)

r e l a t e d p a r t y t r a n s a c t i o n s .

3.

Ind AS Transition Facilitation Group (ITFG) has been constituted for providing clarifications on various issues related to the applicability and /or implementation of Ind AS. ITFG has considered various implementation issues received from members. The ITFG, after due deliberations, has issued clarifications through its b u l l e t i n d a t e d 3 0 M a r c h 2 0 1 7 .

Exposure Draft of Transfers of Investment Property, Amendments to Ind AS 40, Investment Property http://www.icai.org/new_post.html?post_id=13403&c_id=219

Exposure Draft of Appendix B of Ind AS 21, Foreign Currency Transactions and Advance Consideration http://www.icai.org/new_post.html?post_id=13404&c_id=219

Exposure Draft of Annual Improvements to Ind AS Standards 2014-2016 Cycle

Ind AS Transition Facilitation Group Clarification Bulletin 7

4. Ind AS Exposure Drafts issued by ICAI

5. Co m pa ni e s ( Ind ia n A c co u n t in g S ta nda r ds) (Amendment) Rules, 2017

The MCA has notified Companies (Indian Accounting Standards) (Amendment) Rules, 2017 to amend the Ind AS 102 — Share-based Payment and Ind AS 7 — Statement of Cash Flows



http://resource.cdn.icai.org/45043indas34980.pdf


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http://www.icai.org/new_post.html?post_id=13405&

c_id=219

[email protected] can be sent to: .

Issue Date: 17 March 2017rd

http://www.mca.gov.in/Ministry/pdf/CompaniesIndian Accounting Standards_21032017.pdf

“I believe that the greatest gift you can give your family and the world is a healthy you.” - Joyce Meyer


http://www.icai.org/new_post.html?post_id=13405&

mailto:[email protected]

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For the benefit of all and timely compliances related to various laws applicable to be followed for 10th April to 10th May, 2017 are listed as below:

Due Date Category Description10/4/2017 Central Excise (Refer Note 1) Filing ER-1 Return (Other than SSI Units)10/4/2017 Central Excise (Refer Note 1) Filing ER-2 monthly return by 100% EOU (removing goods in domestic tariff

area)10/4/2017 Central Excise (Refer Note 1) Filing monthly ER-6 Return by specified class of Assesses regarding

principal inputs. (Assessee who paid duty of excise more than Rs. 1 crore in the preceding year

10/4/2017 Central Excise (Refer Note 1) Filing quarterly ER-3 Return by manufacturers availing exemption on the basis of value of their clearance

10/4/2017 Central Excise (Refer Note 1) Filing Quarterly ER-8 Return by the units paying 2% duty10/4/2017 Central Excise (Refer Note 1) Filing Quarterly ER-2 Return by 100% EOUs14/04/2017 Income Tax Due date for issue of TDS Certificate for tax deducted under section 194-IA in

the month of February, 2017.15/04/2017 Income Tax Due date for 15G/H received during from 1 Jan,2017 to 31 Mar,2017 15/04/2017 EPF Monthly - EPF - Return of Employees qualifying for membership to the EPF

for the first time during previous month.15/04/2017 EPF Monthly - EPF - Return of member leaving service during the previous

month.15/04/2017 Provident Fund (includes EDLI) PF Payment for the month of March.21/04/2017 ESIC ESIC Payment and Return for March.25/04/2017 ESIC Monthly-Consolidated Statement of dues and remittance under EPF

Scheme, 1952, EPS 1995 and Employees' Deposit Linked Insurance Scheme, 1976 of the previous month to which the dues relate.

25/04/2017 Provident Fund (includes EDLI) PF Return filing for March Month (including pension and insurance scheme forms)

25/04/2017 Service Tax Half Yearly return for the half year ending on 31st March, 201730/04/2017 Income Tax Due date for furnishing of challan-cum-statement in respect of tax

deducted under Section 194-IA in the month of March, 2017.30/04/2017 Income Tax Due date for furnishing of Form 24G by an office of the Government where

TDS for the month of March, 2017 has been paid without the production of a challan.

30/04/2017 Income Tax Due date for deposit of Tax deducted by an assessee other than an office of the Government for the month of March, 2017.

30/04/2017 Income Tax Due date for e-filing of a statement in Form No. 61 containing particulars of Form No. 60 received during the period October 1, 2016 to March 31, 2017.

30/04/2017 Profession Tax ( Tax Liability > Payment and Return of March Month.= 50000 or in case of First Year of Registration)

6/5/2017 Central Excise Payment of Excise Duty for all Assesses (including SSI Units)6/5/2017 Service Tax Service Tax Payment for Month April

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To keep the body in good health is a duty... otherwise we shall not be able to keep our mind strong and clear. Buddha


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Due Date Category Description7/5/2017 TDS/TCS TDS/TCS payment for April10/5/2017 Central Excise (Refer Note 1) Filing ER 1 Return (Other than SSI Units)

10/5/2017 Central Excise (Refer Note 1) Filing ER 2 monthly return by 100% EOU (removing goods in domestic tariff area)

10/5/2017 Central Excise (Refer Note 1) Filing monthly ER 6 Return by specified class of Assesses regarding principal inputs.

10/5/2017 Central Excise (Refer Note 1) Exports – Procurement of specified goods from EOU for use in manufacture of Export goods in Form Ann 17B for DTA units, procuring specified goods from EOU for manufacture of export goods.

10/5/2017 Central Excise (Refer Note 1) Proof of Exports in form Ann. 19, once in a month for all exporters,exporting goods under Bond

10/5/2017 Central Excise (Refer Note 1) Export detains in Form Ann. 20, for Manufacturing following simplified export procedure

10/5/2017 Central Excise (Refer Note 1) Removal of excisable goods for specified use at concessional rate of duty in terms of Rules described in Col. 4.

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Pollution is primitive, green is preemptive.

Felicitation of Shri Sushil Chandra, CBDT Chairman on 03-03-2017

SEMINAR ON EXCEL FOR PROFESSIONAL EXCELLENCE ON 04-03-2017


10 Keep our Earth clean, Please go Green!

CONFERENCE ON STATUTORY BANK AUDIT ON 09 & 10-03-2017

VISIT TO GUJARAT INTERACTION WITH HON. SPEAKER ON 07-03-2017

SEMINAR ON BANK BRANCH AUDIT


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NATIONAL WOMEN’S CONFERENCE AT AHMEDABAD

INTER NATIONAL WOMEN’S DAY CELEBRATION - COOKING COMPETITION

Take care of your body. It's the only place you have to live. Jim Rohn


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SEMINAR ON FAFP LECTURE MEETING ON RECENT NOTICES ISSUED BY ROC GUJARAT

GST INTERACTION WITH GOVERNMENT OFFICIALS SEMINAR ON GST - OVERVIE AND TRANSITION PROVISIONS

HALF DAY SEMINAR ON INCOME TAX STRESS MANAGEMENT (USING PRANIC HEALING)

ICAI CAMPUS PLACEMENT PROGRAMME LECTURE MEETING : ICDS FAQs

“Happiness lies, first of all, in health.” – George William Curtis

INTERNATIONAL WOMEN DAY CELEBRATION


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