Newsletter

The Institute of Chartered Accountants of India ~~

(Set up by an Act of Parliament)

AHMEDABAD BRANCH OF WIRC OF ICAI

e

Vol. No. 5 I ssue No. 2 | May 2017

MANAGING COMMITTEE Chairman’s Message
COMMITTEE MEMBERS
EX-OFFICIO MEMBERS Dear Members,

EDITORIAL BOARD “Start by doing what's necessary; than do what's possible;
and suddenly you are doing the impossible..!!”

It's sizzling hot summer and the same way branch activities have
taken pace during the month with 16,000 CPE hours clocked in April.

There are lot of new opportunities for young Chartered Accounts and
to abreast with it, full day Conference of New Opportunities covering
Benami Prohibition law, Insolvency, RERDA and PMLA was held on
22nd April. For the first time, the conference was jointly organized by all 12 branches of
Gujarat. The members also get opportunity to interact with Honorable Member of
Parliament Shri Gajendrasingh Shekhawat, Chief Guest of the conference.

CA Vishnu Agrawal, Chairman WIRC along with team WIRC 2017-18 has visited Ahmedabad
branch on 15th April. The series of events including felicitation of the WIRC office bearers,
interactive meeting with past chairmen of Ahmedabad Branch, interaction with members
and students at the seminars were organized on the day. The seminar on cash transaction,
PMGKY and recent controversies in Income tax along with WIRC office bearers felicitation
has received very good participation of more than 750 members.

GST, the biggest opportunity for Chartered Accountants has been the corner stone of the
branch activities. During the month we have organized three 10 Days workshops / Seminar
series where around 400 Chartered Accountants participated. Also half day seminar on GST
covering overview and concept of supply was organized.

In our endeavor to update the members immediately on the change by regulatory agencies,
in addition to quick updates, the branch has also organized the seminars on Specified
Banking Transactions – reporting requirements and New ITR forms.

Our future would be chartered accountants are equally important and lot of activities were
carried out for CA Students like revision series of Financial Reporting Standards, live
webcast on Financial Management, Practical training of e-filing of TDS Returns, How to face
exams and students counselling, overview of GST.

Now Aadhar has become mandatory for many activities including now required to file our
income tax returns! To facilitate the members, students & their family members, 'AADHAR
ENROLLMENT / MODIFICATION CAMP' was organized at Ahmedabad Branch premises in
association with Ahmedabad Municipal Corporation (AMC). Due to overwhelming response,
the Aadhar Camp was repeated for 6 days and more than 1,000 persons take benefit of the
camp.

insideWhat’s Editorial 2 VAT Updates 4 Income Tax Updates 6 Forth Coming 8

Programme

Article 3 Service Tax Updates 5 Accounting & 7 Know Your Updates 9 Photo Gallery 10

Company Law Updates

Respecting the thought “Nothing is more beautiful than the smile that has struggled through years and tears” we visited theAHMEDABAD BRANCH OF WIRC OF ICAI
Old Age Home to feel that smile.
“Happy To Serve isn't department, it's a philosophy!”. The motivational cum inter-personal communication training session
was organized for Staff/DCOs of Ahmedabad Branch. This will certainly help to them individually and to members/ students in
their interaction.
Penning down with the quote of Winston Churchil“To improve is to change; to be perfect is to change often”
Happy To Serve,
CA. Chintan N. Patel
CHAIRMAN

Editorial

Dear Members,
After receiving a positive response to the April edition of our Newsletter, it gives me immense
pleasure to share the May edition on the theme of “Gujarat Foundation Day”.
By the time you receive this Newsletter we would have celebrated Gujarat Sthapana Divas.
Every person living in Gujarat has given contribution for taking Gujarat forward - whether the
poorest human being, literate or illiterate, urban or rural, male or female, youth or elder. This
is the moment to express humble gratitude towards all those who have made their
contribution to make Gujarat - India's growth engine. Gujarat has continuously contributed to
the greater good of our Nation and we are proud to be a part of the state which is also referred

to as the 'Jewel of Western India'.
On the eve of Gujarat Day, our Hon'ble Chief Minister had said, “While PM Narendra Modi has taken a resolution for a 'New India'
lets take a resolution to create a 'new Gujarat' in line with PM Modi's vision.” I am sure we all will follow this in true letter and
spirit.
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. This month we have added a new column
of “Forthcoming events” which will give an overview of the events that the branch has planned for you and also to plan your
schedules accordingly.
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!
CA. Harit Dhariwal
Chairman, Newsletter Committee

Dwarka, a coastal city which existed around 12,000 years ago in the western Gujarat is

02 said to be the place where Lord Krishna spent most of his life. The culture, traditions and a

mbiance of Gujarat shows the footprints of Lord Krishna.

~~

Prohibition of Benami Property Transactions Act,1988 Vol. No. 5 | Issue No. 2 | May 2017

(Some Salient Features By Bharat R. Popat)

1. The following four categories of transactions are treated 4. Another interesting feature of the Benami law is that the
as Benami in nature: Benami Property cannot be transferred and if the same
is done, say even after complying with the due process
(a). where the consideration is provided or paid by of law and after payment of applicable stamp duty, tax,
person other than the one in whose name the etc., the transaction will still be treated as null and void.
property is held or transferred to (with the This means that 'A Property Once Benami, Always
exceptions of the Karta of HUF, trustee, executor, Benami' and this will hold good till it is confiscated by
partner, director or depository, etc. holding the the Government and transferred by it to a third party in
property in fiduciary capacity; property held in the due course of time thereafter. Further, since the term
name of spouse or child; and property held in joint “property” is defined inter alia to include the converted
name with his brother or sister or lineal ascendant form of the property and proceeds thereof, this will
or descendant, if the consideration for such result in multiple damage as and when one tries to
property has been provided or paid out of the come out of the soup. This has been illustrated in the
known sources of the individual); succeeding paragraph.

(b). where the transaction is carried out or made in a 5. The legal provisions as stated in the preceding
fictitious name; paragraph are likely to lead into a peculiar situation. For
example, say “A” owns a Benami land in the name of
(c). where the owner of the property is either not aware “B”, who transfers the same directly to “C”. The
of or denies knowledge of his ownership over the consideration on such transfer received by “B” is
property; remitted to “A” by cheque, by showing the same as loans
and advances. In this situation, the land, now standing in
(d). where the person providing the consideration is not the name of “C”, will continue to be held Benami, thus
traceable or is fictitious. liable to be confiscated. Similarly, the debit balance in
the name of “A” in the books of account of “B” under the
2. In addition to the above, any transaction in an immovable group of “Loans and Advances” will also be held
property will also be treated as Benami in nature, if the Benami, in view of the same having flown out of transfer
possession of the same has been allowed to be taken or of Benami property in the form of land. Similarly, the
retained by other person and in part performance of a Bank Balance in the books of account of “A”, to the
contract, without payment of stamp duty and without extent represented by the loan received by him from “B”
getting such contract registered. In view of this, all will also be Benami and all the consequences in this
unregistered development contracts and similar connection will follow.
arrangements may be adversely and irreversibly hit by
the Benami law. 6. One more aspect of the Benami law is that the same
expressly provides that if a property is held as Benami,
3. The term 'Benami Property' is so widely defined that the no suit, claim or action to enforce any right in respect of
same practically includes anything and everything that the same against the person in whose name it is held or
may have some value in the market. This is because the against any other person for that matter shall lie by or
term 'Property' is expressly defined to mean asset of on behalf of a person claiming to be the real owner of
any kind, whether movable or immovable, tangible or such property.
intangible, corporeal or incorporeal and includes any
right or interest or legal documents or instruments 7. As per the notification of the Government, the specified
evidencing title to or interest in the property. The Additional CITs, DCITs and TROs of the Income-tax
definition gets further expanded so as also to include Department are designated as the Approving Authority,
within its fold the converted form and the proceeds of the Initiating Officer and the Administrator respectively,
such properties as well.

Gujarat’s soil is blessed with great legend Mahatma Gandhi, who is known as the 03
Father of the Nation in India. Sabarmati Ashram in Ahmedabad, Gujarat still shows

the glimpses of the lifestyle of this great man.

under the Benami law. Similarly, the specifiedAHMEDABAD BRANCH OF WIRC OF ICAIdraw up a statement of the case and refer the same to
Authorities under the Prevention of Money Laundering the Adjudicating Authority within 15 days from the date
Act, 2002 are designated as the Adjudicating Authority. of such attachment. This means that the attachment of
Further, the powers of the Appellate Tribunal under the the property will always precede the adjudication of the
Benami law are at present conferred upon the dispute by the Adjudicating Authority who in turn, is
Appellate Tribunal established under the Prevention of required to pass an order in this regard within the
Money Laundering Act, 2002. specified time limit as prescribed under the law. This
thereafter will be subject matter of a further appeal
8. The Benami law prescribes time line almost for every before the Appellate Tribunal.
stage. Further, unlike the taxation laws where the order
is passed, demand is created and the recovery attempts 9. In addition to confiscation of the Benami Property, the Act
are made for full recovery of the dues only thereafter also provides for levy of fine upto 25% of the fair market
and at times, after the disposal of the consequential value of the property and imprisonment upto 3 years, if the
appeals, the Benami law provides that the Initiating Benami Transaction is carried out before 1st November,
Officer will provisionally attach the Benami Property 2016 i.e. the notified date and upto 7 years, if carried out
after complying with the due process of law and will from that day onwards.

Vat Updates under GST on the common portal. It will be a test using 4000
tax payers and will be conducted overnight. Further the
(Contributed by CA. Monish S Shah) migration process has been discontinued making it
temporarily available .The drive was carried out till 30th April
Important Judgments and around 2/3 of the assesse have registered. However the
top official in his statement cleared that even if the enrolment
1) On Search operation certain Branch Transfer window is closed the dealers can easily register in GST later
transactions were found where delivery was given on.
directly to buyer. No reason for enhancement in
turnover and charging the penalty u/s. 34(12) OF vat IN The next GST Council meet is to happen in JK where mostly
ABSENCE OF MALAFIDE INTENTION. Enhancement the rates and schedule is due to be discussed.
and Penalty removed decided in First Appeal No
3,4,5,6,7 and 8 of 2011 in the case of M/s. Sharda New E-way Bill Rules have been issued the gist of the same is
Plywood Industries Ltd versus State of Gujarat attached herewith :

2) In Kennykumar and sons v/s state of Gujarat Tax Appeal 1) E-Way Bill will be required for movement of all goods,
NO 1186 of 2009 Dated 16/11/2016 it was held that whether “within the state or across states”. E-way bills
Tribunal not justified in upholding the figures of sales of is even required for transport of “goods outside the GST
the entire year worked out by the Assessing Officer on ambit”, for example “exempt goods like agricultural
the basis of sales of one week without pointing out any products”.
defects in the accounts maintained by the assesse
2) “Entire process requires participation by” Supplier,
3) In JKM Graphics Solutions Pvt LTd v/s Commercial Tax Officer Transporter and Recipient. For transport of goods
WP No 105 of 2016 Dated 01/03/2017 it was held that tax exceeding “Rs 50,000” in Value-
credit cannot be reversed merely on the basis of mismatch
report. - “Supplier” to upload details onto the GSTN portal.

4) M/s. ICICI Securities Ltd. F.A.No 2 of 2011 Dated 31/01/2017 - “Transporter” (In case of Third Party Transport
it is held that Sales of Office Furniture and Computer is Company) will upload further details to create a
covered by definition of “Business” under VAT Act and final e-way bill. This e-way bill is to be carried along
Tax is payable on the sale. with the goods that are being transported. Upon
generation of the e-way bill on the GSTN portal, a
GST Updates unique e-way bill number (EBN) shall be made
available to the supplier, the transporter and the
The government has begun pilot testing of filling of returns

04 Among the coastal states of India, Gujarat has the longest coastline of around 1215 km.

~~

recipient of goods. serial number of the e-way bills generated in respect of Vol. No. 5 | Issue No. 2 | May 2017
each such consignment on the GSTN portal. A
- “Recipient of the goods”- if a registered entity consolidated e-way bill in the required form is to be
under GST, has to communicate its acceptance or generated by the transporter prior to the movement of
rejection of the consignment covered by the e-way goods.
bill, “within 72 hours of the details being available
on the GSTN” portal. Else, the recipient is “deemed 5) “Validity period of the e-way bill”, which is dependent
to have accepted the details”. upon the distance involved for transport of goods-

3) In Case of an Accident if goods would be transferred - Distance less than 100 kms - validity 1 Day
from one vehicle to another than transporter has to
create a new e-way bill on the GSTN portal, before - 100 Km to 300 km- Validity 3 Days
further transit.
- 300 Km to 500 km- Validity 5 days
4) Multiple consignments are to be transported in one
vehicle (say, a lorry is catering to three different - 500 Km to 1000 km- Validity 10 days
suppliers), the transporter is required to indicate the
- More than 1000km- Validity 15 days

Service Tax Updates Vide notification No. 16/2017-ST dated 13th April, 2017, the
person liable to pay service tax has been provided an alternate
(Contributed by CA. Rahul Maliwal) mechanism for calculating and paying service tax, and Swachh
Bharat Cess and Krishi kalyan Cess will be paid accordingly.
Vide notification No. 1/2017 & 2/2017-ST dated 12th January, Under this service tax is payable @ 1.4% of value of imported
2017, whereby service tax exemption was withdrawn for goods as determined under Section 14 of the Customs Act, 1962
services provided by a person located in non-taxable territory to and the rules made hereunder i.e. sum of cost, insurance and
a person located in non-taxable territory by way of freight (CIF) value of such imported goods..
transportation of goods by a vessel from a place outside India up
to the customs station of clearance in India. Further, in relation In addition, Swachh Bharat Cess and Krishi kalyan Cess will be
to such services, the person in India who complies with paid accordingly [ST
provision of the Customs Act, 1962 with respect to such goods,
was notified as the person liable to pay service tax. @1.4% of Customs value of goods, Swachh Bharat Cess and
Krishi Kalyan Cess each @
Consequently, following notifications has been issued inline of
above context 0.05% of Customs value of goods].

Vide notification No. 14/2017-ST dated 13th April, 2017, the point This option has been made available with effect from 22nd
of taxation of services provided by a foreign shipping line to January, 2017.
foreign charterer with respect to goods destined for India, has
been specified as the date of bill of lading of goods in the vessel Vide notification No. 10/2017-C.E (N.T) dated 13th April, 2017, it
at the port of export. This option will be available with effect from has been provided that importer of the goods has been allowed
22nd January, 2017. Thus, no service tax is leviable if the bill of to avail Cenvat credit on the basis of the challan of payment of
lading is of date prior to 22nd January, 2017. service tax by the said importer on the services provided by a
foreign shipping line to a foreign charterer with respect to goods
Vide notification Nos. 15/2017-ST and 16/2017-ST both dated destined for India. This change shall come into effect from 23rd
13th April, 2017, the importer of goods as defined in the Customs April, 2017. Further the benefit for Abatement mentioned under
Act, 1962 has been made liable for paying service tax in cases of notification No. 26/2012-ST is not available to foreign shipping
services of transportation of goods by sea provided by a foreign lines, hence service tax will be paid on full value services.
shipping line to a foreign charterer with respect to goods
destined for India. This change shall come into effect from 23rd
April, 2017.

With a total area of about 7,505.22 square kilometres, the Great Rann of Kutch is considered 05
one of the largest salt deserts in the world. This seasonal salt marsh is spread in the Kutch
district of India and Sindh province of Punjab.

AHMEDABAD BRANCH OF WIRC OF ICAI Income Tax Updates E. Form for claiming deduction Under Section 80JJAA –
Notification No. 26 of 2017 dated 3rd April, 2017
(Contributed by CA. Nirav Choksi)
The Income tax (6th Amendment) Rules, 2017 were
A. Clarification regarding liability of Income tax in India for a notified prescribing the Form 10DA for claiming
non resident seafarer receiving remuneration in NRE deduction under section 80JJAA. These rules come into
Account of an Indian Bank – Circular No. 13 of 2017 dated effect from 1st April, 2017
11th April, 2017
F. Quoting of PAN for the purpose of section 139A(5)(c) –
http://www.incometaxindia.gov.in/communications/cir Notification No. 27 of 2017 dated 5th April, 2017
cular/circular132017.pdf
The Income tax (7th Amendment) Rules, 2017 were
B. Extension of time for filing declaration under the notified, changing the time limit of quoting of PAN or
Taxation and Investment Regime for Pradhan Mantri submission of From No. 60 in case of Bank Accounts
Garib Kalyan Yojana – Circular No. 14 of 2017 dated 21st (other than Time Deposits and Savings Bank Account)
April, 2017 before 30th June 2017 instead of earlier date of 28th
February, 2017
The time limit of filing of Declaration in Form No. 1 of
PMGKY has been extended to 10th May 2017 if the tax, http://www.incometaxindia.gov.in/communications/not
surcharge and penalty has been paid before 31st March ification/notification27_2017.pdf
2017 and Deposit is made as per scheme before 30th
April 2017 G. Provisions of Section 269ST not applicable in certain
cases – Notification No. 28 of 2017 dated 5th April, 2017
http://www.incometaxindia.gov.in/communications/cir
cular/circular142017.pdf Provisions of Section 269ST (receipt of cash in excess of
Rs. 2,00,000 in cash) shall not be applicable to any
C. Clarification on removal of Cyprus from the list of receipt by any person from any banking company, post
notified jurisdictional areas under Section 94A- Circular office savings bank or cooperative bank.
No. 15 of 2017 dated 21st April, 2017
http://www.incometaxindia.gov.in/communications/not
http://www.incometaxindia.gov.in/communications/cir ification/notification28_2017.pdf
cular/circular15_2017.pdf
H. Method of Valuation for the purpose of section 115TD(2) –
D. Lease Rent from letting out of buildings / developed Notification No. 32 of 2017 dated 21st April, 2017
spaces in an Industrial Park / SEZ – Circular No. 16 of
2017 dated 25th April, 2017 The Income tax (8th Amendment) Rules, 2017 were
notified prescribing the method for valuation for the
An undertaking which develops, develops and operates purposes of sub section (2) of section 115TD.
or maintains and operates an Industrial Park/ SEZ
notified in accordance with the scheme framed and http://www.incometaxindia.gov.in/communications/not
notified by the government, the income from letting out ification/notification32_2017.pdf
of premises / developed space along with other facilities
is to be charged under the head “Profits and Gains of
Business”.

http://www.incometaxindia.gov.in/communications/cir
cular/circular16_2017.pdf

06 With a total area of 45,674 km2, Kutch is the largest district in India.

~~

Accounting & b. Exposure Draft of Clarifications to Ind AS 115, Vol. No. 5 | Issue No. 2 | May 2017
Company Law Updates Revenue from Contracts with Customers
http://resource.cdn.icai.org/45212asb35293.pdf
(Contributed by CA. Chintan Patel)
c. Prepayment Features with Negative Compensation
1. The ICAI has issued FAQ on the following topics: (Proposed amendments to IFRS 9)
http://www.ifrs.org/Current-Projects/IASB-
a. F A Q o n t h e C o m p a n i e s A c t , 2 0 1 3 Projects/Symmetric%20Prepayment%20Options/D
http://resource.cdn.icai.org/45163clcgc35207.pdf ocuments/ED-Proposed-amendments-to-
IFRS9.pdf
b. FAQ on Insolvency and Bankruptcy Code, 2016
http://resource.cdn.icai.org/45164clcgc35208.pdf d. Improvements to IFRS 8 Operating Segments
(Proposed amendments to IFRS 8 and IAS 34)
2. FAQ on treatment of Securities Premium Account http://www.ifrs.org/Open-to-
undeInd AS on the date of transition Comment/Documents/ED-Proposed-
http://resource.cdn.icai.org/45130asb35158.pdf amendments-to-IFRS8-IAS34-March-2017.pdf

3. Notification of section 234 of the Companies Act 2013 OBITUARY
Issue Date: 14th April 2017
Words may not suffice to express the heartfelt sorrow that
The MCA has appointed 13 April 2017 as the date on We feel for the passing of CA. Sanket Kalyani. He was a
which the provisions of section 234 of the Companies born fighter, inspiration to the mankind. Our heart felt
Act, 2013 will come into force. condolences to the family. It is a great loss to our fraternity
Demise dt. 25th April, 2017
http://www.mca.gov.in/Ministry/pdf/section234Notific
ation_14042017.pdf

4. Companies (Compromise Arrangement and
Amalgamation) Rules 2016
Issue Date: 14th April 2017

The MCA has issued Companies (Compromise
Arrangement and Amalgamation) Amendment Rules,
2017 dealing with merger or amalgamation of a foreign
company with an Indian company and vice versa.

http://www.mca.gov.in/Ministry/pdf/CompaniesComp
romises_14042017.pdf

5. Exposure Drafts issued for Comment

a. Amendments to Ind AS 101, First-time Adoption of
Indian Accounting Standards
http://resource.cdn.icai.org/45262asb35316.pdf

Located around 23 km from Ahmedabad, Gandhinagar is considered to be the greenest 07
capital city in Asia with around ½ of its area covered with greenery.

AHMEDABAD BRANCH OF WIRC OF ICAI Forthcoming Events

S. Date NAME OF THE SEMINAR, VENUE Program Details FEES CPE
No. LECTURE MEETING, ETC. HRS.

1 Monday, May 01, 2017 Intensive Study Course on Branch https://icaiahmeda
GST Premises bad.com/event.php Rs.2,500/- 18
Introduction to GST
National Conference on ?id=ODIx
changing Landscape -
2 Friday, May 12, 2017 Accounting & Reporting Branch https://icaiahmeda
Requirements on 12th & 13th Premises bad.com/event.php Rs.1,200/- 12

?id=ODIw

May, 2017

Certificate Course on Hotel https://icaiahmeda
Concurrent Audit of Banks at
3 Saturday, May 13, 2017 Ahmedabad-Batch No. 293 Starottel, Old bad.com/event.php As per 30
Sunday, May 15, 2016 Vadaj, circular
?id=ODEx
4 Ahmedabad
5 Thursday, May 19, 2016
Workshop on GST - Morning Branch https://icaiahmeda
Friday, May 20, 2016 Batch Premises bad.com/event.php Rs.1,700/- 20
6 Levy And Collection Of Tax
(Including Composition Rules) ?id=ODMy
7 Saturday, May 20, 2017
Two day workshop on ICDS Branch To be announced shortly
8 Saturday, June 03, 2017 Premises

9 Monday, June 05, 2017 Series on Auditing Standards Branch https://icaiahmeda Rs.900/- 12
– Step towards Achieving Premises bad.com/event.php
10 Saturday, July 15, 2017 Excellence In Auditing - (Incl.
Practical Case Studies) ?id=ODI5

Certificate Course on GST at Hotel https://icaiahmeda

Ahmedabad Starottel, Old bad.com/event.php Rs.20,000/- 30

Vadaj, ?id=ODMx
Ahmedabad

Post Qualification Course on Hotel https://icaiahmeda

Information System Audit Starottel, Old bad.com/event.php Rs.20,000/- 30
Practical Training (PT) Vadaj,
Ahmedabad ?id=ODMw

7 days Intensive workshop on Branch https://icaiahmeda 10000/- 42
Ind AS Premises bad.com/upcoming-
events.php

RRC @ Goa from 15th July to https://icaiahmeda As per
18th July, 2017 circular
Goa bad.com/event.php -

?id=ODE2

CONGRATULATIONS

Congratulations to CA. Durgesh Buch on being
appointed as CA Member of Fee Regulatory
Committee - Ahmedabad Zone, a committee formed
by Education Minister of Gujarat Shri Bhupendrasinh
Chudasama to determine the fee proposed by self-
financed schools across the state of Gujarat.

08 Because of the governance in Gujarat and pleasant nature of Gujaratis and according

stats, it is considered the safest Indian State with the least rate of crime.

~~

KNOW YOUR DATES Vol. No. 5 | Issue No. 2 | May 2017

Due Date Category Description
7/5/2017 Income Tax Due date for deposit of Tax deducted/collected for the month of April, 2017.
10/5/2017 Central Excise Filing ER-1 Return (Other than SSI Units)

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

10/5/2017 Central Excise 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
10/5/2017
Central Excise Filing quarterly ER-3 Return by manufacturers availing exemption on the basis of value
15/5/2017 of their clearance
Income Tax Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month
15/5/2017 of March, 2017.
EPF Monthly - EPF - Return of Employees qualifying for membership to theEPF for the first
15/5/2017 time during previous month.
15/5/2017 EPF
15/5/2017 Provident Fund Monthly-EPF-Return of member leaving service during the previous month.
21/5/2017 Income Tax PF Payment for the month of April, 2017
21/5/2017 ESIC
25/5/2017 VAT/CST Quarterly statement of TCS deposited for the quarter ending March 31, 2017
ESIC
25/5/2017 ESIC Payment and Return for April, 2017
Provident Fund Payment for April, 2017

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.

PF Return filing for April Month (including pension and insurance scheme forms)

30/5/2017 Income Tax Due date for furnishing of challan-cum-statement in respect of tax deducted under
Section 194-IA in the month of April, 2017.
30/5/2017 Income Tax Quarterly TCS certificates in respect of tax collected during the quarter ending March 31,
2017
30/5/2017 Income Tax Submission of a statement by non-resident (under section 285) having a liaison office in
India for the financial year 2016-17
30/5/2017 LLP Form Filing
31/5/2017 Income Tax Due Date for filling Form 11 (Annual Return of LLP)
Certificate of tax deducted at source to employees in respect of salary paid and tax
31/5/2017 Income Tax deducted during 2016-17
Statement of Specified Financial Transactions under section 285BA(1) of the Income-tax
31/5/2017 Income Tax Act, 1961 in Form 61A
6/6/2017 Income Tax Quarterly statement of TDS deposited for the quarter ending March 31, 2017
6/6/2017 Central Excise
7/6/2017 Income Tax Service Tax Payment for Month April (Other Than Individuals/Firms/LLP/Proprietorship)

Payment for the Month of April 2017(other than SSI)

Due date for deposit of Tax deducted/collected for the month of May, 2017.

On the western coast of Veraval, Saurashtra, Gujarat, the magnificent Somnath Temple 09
which is dedicated to Lord Shiva is the 1st among the 12 Jyotirlingas in India.

AHMEDABAD BRANCH OF WIRC OF ICAI TRAINING PROGRAMME ON IND AS JOINTLY WITH CAG, AHMEDABAD COACHING CLASS FACULTIES MEETING

GST SERIES

LECTURE MEETING ON SPECIFIED BANKING TRANSACTIONS LECTURE MEETING : NEW ITR FORMS

AADHAR ENROLLMENT / MODIFICATION CAMP AT ICAI AHMEDABAD

10 Guajarati’s are a big community and well spread throughout the world. Out

of around 6500 languages, Gujarati language stands 27th in the world with
around 66 million speakers.

~~

OLD AGE HOME VISIT Vol. No. 5 | Issue No. 2 | May 2017

CONFERENCE OF NEW OPPORTUNITIES

HALF DAY SEMINAR ON GST

HALF DAY SEMINAR ON CASH TRANSACTION 11

Kaira District Co-operative Milk Producers Union Limited (KDCMPUL) popularly known as
Amul Dairy is the largest dairy in Asia.

AHMEDABAD BRANCH OF WIRC OF ICAI VISIT TEAM WIRC

Felicitation Function of CA. Vishnu Agrawal, Chiarman WIRC along with Team WIRC 2017-18

12 With an area of about 1412 sq km, Gir Forest National Park is known world-wide for Asiatic

lions. Recent surveys show that more than 500 Asiatic lions are present in Gir.