CHAIRMAN'S COMMUNICATION

FAILURE WILL NEVER OVERTAKE ME, IF MY

DETERMINATION TO SUCCEED IS STRONG ENOUGH

Respected Senior and Dear Professional Colleagues,

Being an optimist or a pessimist boils down to the way you talk to yourself. Optimists believe that their own actions result in positive things happening, that they are responsible for their own happiness, and that they can expect more good things to happen in the future. Optimists don’t blame themselves when bad things happen. While handling the work at our desk, the positive thoughts in our mind surely make the work path simple and attainable. It is far better to be positive and find solution to the new challenges we face every day rather than to shout and blame the governance.

As the first month of the new financial year passes by, we gear up for the challenges and targets to be met in the current season. This season would really test our abilities to manage the time and work as per the due dates planned by the Government and Fiscal authorities. As we have just concluded with the targets of Bank Audit, Service Tax and VAT, the month of MAY brings us as the point where we have to start planning for filing TDS Returns by the end of 15 th May, followed by applications and workings under Income Disclosure Scheme, 2016 which may be made applicable from 01.06.2016, The Direct Tax Dispute Resolution Scheme, 2016 and MVAT Amnesty scheme for withdrawal of appeals. We have a complete new horizon to work upon as the MVAT Department is coming ahead with a single bundle template for various online VAT submissions and is applicable for the return period starting from 1 st April 2016. Further, various income tax online forms and utilitiesare already being made available at the income tax website portal.

The office bearers of Nashik Branch had a meeting with ITAT President Justice (Retd.) Mr. Dev Darshan Sud,hereby, a request was being made for starting a Single Bench at Nasik for Nasik region cases.The said application is in due consideration and the efforts put in by the team is commendable. The branch is fortunate to conduct First Seminarof Co-operative (Maharashtra) Committee of WIRC under the apt guidance of Chairperson WIRC CA Shruti Shah, Chairperson Co-operative (Maharashtra) Committee CA Shilpa Shingare and Convenor of the Committee CA Vikrant Kulkarni in the same manner as that of first visit at Nashik in WIRC Braches of our Hon Vice President CA Nilesh Vikamsey.

The Branch has been awarded and is announcing National Tax Convention in the month of June. Further, the batch for Certification Course on Concurrent Audit is commencing on 14 th May, for which the member’s participation is overwhelming. I take this opportunity to request all the members, including my seniors and young friends, to attend the seminar scheduled on 7 th May at the Branch premises, where, we are being honoured to felicitate the office bearers & Team WIRC,ICAI. Residential Refresher Course (RRC) is planned for the month of June. I request all the members to provide your valuable suggestion in this regard. I am happy to announce that, the Nashik Branch has successfully started its CPT course batch for the aspiring students with good number of entries. For better management of & smooth functioning of branch I further appeal to members to send their contribution towards “One Time Registration”, those who have not availed the same.

As I conclude, I wish to appeal all the colleagues to stand committed towards handling of drought conditions in Maharashtra. Letus all be committed to save water and use it judiciously. I appeal to all the members to participate at various levels to provide relief in drought hit areas.

“DO WHAT YOU CAN, WHERE YOU ARE, WITH WHAT YOU HAVE”

                                                                                                                                                                                                                Your Sincerely,                                                                                                    CA Ravi Rathi,                                                                                                        Chairman