CHAIRMAN'S COMMUNICATION

“Plans are only good intentions unless they immediately degenerate into hard work.”

Respected Senior and Dear Professional Colleagues,

As Hon. PM pointed out, “these (P V Sindhu, Sakshi Malik, Dipa Karmarkar) daughters were the saving grace of India at the Rio Olympics”, the Olympics 2016 concluded with a bit disappointing performance from the country. It’s an immense pleasure and honour for us all countrymen when P V Sindhu bagged a silver in the Women’s singles while Sakshi Malik won India’s first ever medal (bronze) in women’s wrestling at Rio. Further, the performance of Dipa Karmarkar in Gymnast Vaults was enthralling and overwhelming. The standing of Dipa Karmarkar might be fourth, but she won the hearts of all the citizens. These daughters of the country really made us proud and saved the country’s grace at the Olympics. We should also congratulate and motivate the other participants at Rio Olympics who gave their whole hearted efforts to win a medal but could not succeed.

The GST Constitution bill is passed by Parliament and further ratification bills at various States Legislation is on the way. The ROC Annual returns filing forms are made available at MCA website. The VAT monthly and quarterly return for the Year 2016-17 is being enabled the Maharashtra VAT Departments and has provided due dates at various intervals for the compliance.

As all had completed hectic target of July End work and gearing up for the next deadline of Tax Audit work, the month of August was also activity filled for the benefit of profession at large. It is a work of satisfaction and gratitude for the Branch where Nashik Branch along with WICASA, Nashik team had organised ‘Mega Mission 9’. In this mission Career Counselling Programme was held on 9th August, at 9 places across Nashik District (including Pimpalgaon Baswant, Niphad, Manmad, Chandwad, Sangamner, Nashik). The team has successfully addressed approximately 2000 students of different schools and colleges like SMRK, BYK, Vainateya Vidyalaya, Mahatma Gandhi Vidya Mandir Arts, Science & Commerce College, P D Surana College, English Medium High School, Fravashi International School, Adarsh Prathamik Vidya Mandir, etc. The Advance Excel workshop carried on was enthusiastically participated by the members. Further, as a step towards enriching the articles in tax audit procedures, the seminar on Tax Audit was organised on 27th August, where students participation was overwhelming. The Branch successfully completed crash batches for the students on Income tax for IPCC level conducted by CA Kajal Bhandari; and Audit and Law for Final Level by CA Abhishek Bansal. The batches were overwhelmingly supported by the students and the feedbacks received by the students were very satisfying. The Branch is gearing up for the next CPT batch for students with very good number of registrations already being done at the Branch.

The CBDT and Government have shifted its gears for the Income Disclosure Scheme. The Department has been working very hard by carrying out Survey at various financial institutions and bodies to track the black money deposited. As a partner in Nation Building, we should convince the people at large to come clean with the undisclosed income and pay the necessary taxes and take benefit of the amnesty provided. I further request all the members to encourage the dealers for availing benefit of amnesty scheme declared by the State Government. I wish all the members very best for the hardworking September month and pray for the healthy life of all the members.

                                                                                                                                                                                                                Your Sincerely,                                                                                                    CA Ravi Rathi,                                                                                                        Chairman