EIRC 1ST FEBRUARY 2017...versatile tool of modern day business. The profession is in a state of flux and Indian CAs is fast evolving from traditional accounts keeper and auditor into

2 EIRC 1ST FEBRUARY 2017

My dear professional colleagues,

With the approaching of my cessation of my tenure in the 1

year of the new Regional Council of 22 EIRC, it is time to

take stock of the activityies, creativities and outcomes, during

the term 2016-2017 for the furtherance of our initiatives

towards our profession. I can courageously announce that

with meticulous approach and our combined endeavours of

each of my colleagues in my team in the Regional Council

assisted by the honourable Council Members of this Regio n,

have yielded significant results and accolades. I express my

gratitude to all my professional colleagues in this Region, all

the Managing Committee members of each of the Branches,

friends and well-wishers for being the guiding catalyst for all

the attainments towards professional development. It is said

that every beginning has to end somewhere. Hence, I am

not a firm believer of bidding Good Bye. Although this is my

last communication from my official capacity of the Chairman

of EIRC, this does not necessarily means that I will be away

from all my professional colleagues. I will continue to work

with all stakeholders as a member of the profession that too

another two years left in this term 2016-2019.

On the march to a bright future, the CA profession in India is

today passing through a crucial phase of restructuring, up-

gradation, value addition, diversification and global

integration. With accounting having become the language of

global business, today's professional has e merged as

versatile tool of modern day business. The profession is in a

state of flux and Indian CAs is fast evolving from traditional

accounts keeper and auditor into a trusted business adviser

equipped with multifarious skills. Today, the CAs are not only

spearheading the government accounting reforms but is also

involved in the policy making processes at various levels of

government. The acknowledgement and recognition by

leaders of our beloved country for the CA fraternity

thoroughly sum up the great role, power and potential of the

Accountancy profession in the county.

In the process, I undertake to uphold the enormous trust

put in me and assure you to carry forward our tradition of

excellence and help give shape to the belief of many of the

leaders of our beloved country, on our profession. I am

aware that it would not be a challenging task especially in

this ever changing and challenging world. We need to

equip ourselves with develop techniques and fresh ideas to

combat the situation. We need to work in close liaison

with all our brethren and analyze our barriers and try to

find out a solution. I firmly believe that all are working

tirelessly in translating and bringing this profession to

today's platform. I consider myself fortunate and believe

that I will also continue to be assisted with the unstinted

help and cooperation from all.

An Annual Day Function has been scheduled for 24th

February 2017 at Vidya Mandir, wherein awards and prizes

will be given to the Best Branches, its Students Association

and Study Circles. I urge upon everyone to please attend in

large numbers to make the programme a grand success

Change is inevitable. In a few days, I will lay down my official

responsibilities in this Office. I was extremely elated to take

over as Chairman Many have been fulfilled, while some are in

progress and some would require full completion. I firmly

believe that my successors is highly capable and competent

to carry on with the endeavor to place our Region to yet

greater heights. I understand how formidable is the task the

incoming Chairman and his team is about to undertake. I

assure and pledge my full support to him in that task. I wish

him all success. May EIRC grow from strength to strength.

Yours sincerely,

CA Anirban Datta

Editor & Chairman, EIRC of ICAI

st

nd

“Let's touch base ….. today, tomorrow, for ever”

Annual EIRC Awards 2016

4

EIRC

Note: 1. Please note Online registration closes 1 days before the day of the Seminar.2. Spot Registration will be taken subject to availability of seats at the venue.3. Out of the Registration Fees collected for each programme Rs 10 per person would be contributed to Chartered Accountant Benevolent Fund

IMPORTANT DATES

STUDY CIRCLE

Forthcoming Programme

EIRC 1ST FEBRUARY 2017

Study Circle Day and Date Programme Speakers Coordinator Venue DurationCPE Hour

DTPA Chartered Accountants' Study Circle-EIRC

Wednesday,1st

February 2017

Discussion on Union Budget/Finance Bill – 2017

CA Arun Kr. Agarwal Adv. Subash Agarwal

CA Niraj Kr Harodia80174672029903906165

DTPA Conference Hall2nd Floor, 3 Govt. Place West, Income Tax Building, Kolkata – 700001

11.00am to 3.00pm

4

DTPA Chartered Accountants' Study Circle-EIRC

Friday,3rd February 2017

Budget Seminar

CA Bhupendra ShahCA Arun Kr. AgarwalAdv. N. K. PoddarProf. Suman Mukherjee

CA Niraj Kr Harodia80174672029903906165

Kala Mandir48, Shakespeare Sarani, Kolkata-700017

3.00pm to 7.00pm

4

Central Kolkata Chartered Accountants' Study Circle-EIRC

Friday, 10th February ‘2017

Handling of DemonetisationNotices & Post Budget Cash Transactions

CA. Manoj Kumar TiwariCA Hari Ram Agarwal 98306 30386

6, Lyons Range , 3rd Floor, Unit-2, Emami Conference Hall, ACAE office , Kolkata-700 001

5.00 PM to 8.00 PM

3


Saturday, 18th February ‘2017

GST Provisions and Accounting Thereof

Eminent SpeakersCA Rajesh Kankaria98309 97421


3.00 PM to 7.00 PM

4


Saturday, 25th February ‘2017

Professional opportunities in insolvency and Bankruptcy Code

Eminent SpeakersCA B. L. Rathi98310 30153


3.00 PM to 7.00 PM

4

Day and Date Name Venue Duration

Thursday, 23rd February 2017 EIRC Awards 2017 ( Details inside in Page 2 )Vidya Mandir Auditorium

5.00pm onwards

Day and Date Knowledge Session Resource Persons Coordinator Venue Duration CPEHours

Delegate Fees -Rs.

Wednesday, 1st

February 2017Live Telecast of Union Budget Eminent Speakers CA Sonu Jain

R Singhi Hall,EIRC Premises

11.00am to 1.00pm 250Spot 80

Saturday, 4th February 2017

Seminar on Union Budget

CA (Dr.) Girish AhujaCA Bimal JainCA Nipun Mehta

EIRCCalcutta UniversityCentenary Auditorium,Kolkata

2.00pm to 8.000pm 6500(with Taxmann Publication)

Thursday, 9th February 2017

Recent Changes in Companies Act CA Mohit Bhuteria CA Sumit BinaniR Singhi Hall,EIRC Premises

5.30pm to 8.30pm 380Spot 100

Friday, 10th February 2017

Seminar on Response filing to Recent IT Notices & Critical Analysis of Budget

CA S S GuptaAdvocate Paras Kochar

CA Manish GoyalR Singhi Hall,EIRC Premises

5.30pm to 8.30pm 380Spot 100

Monday, 13th

February 2017

Mandatory Compliance for Unlisted Public and Private Limited Co. & Compliances w.r.t. Auditor under Companies Act 2013

CS Shikha Gupta CA Nitesh Kumar MoreR Singhi Hall,EIRC Premises

5.30pm to 8.30pm 380Spot 100

Tuesday,14th to Saturday, 18th February 2017

Seminar on GSTDetails inside in Page 5

EIRCR Singhi Hall,EIRC Premises

5.30pm to 8.30pm(only Saturday 2.30pm to 6.30pm)

16 700

Monday, 20th February 2017

Finnacle in CBS SystemCA Sonu Jain, Secretary

CA Sanjib SanghiR Singhi Hall,EIRC Premises

5.30pm to 8.30pm 380Spot 100

Tuesday,21st to Thursday, 23rd February 2017

Workshop on NCLT & NCLATDetails inside in Page 9

EIRCR Singhi Hall,EIRC Premises

5.30pm to 8.30pm 9350 (with Booklet)

Saturday, 25th February 2017

Seminar on International Taxation Eminent Speakers EIRC Park Hotel, Kolkata 9.30am to 5.30pm 6 1200

Thursday,2nd & Friday,3rd

March 2017

Critical Analysis & Tax Planning w.r.t recent changes in Income Tax

CA K K ChhapariaCA Vivek NewatiaCA Rishi Khator

CA Manish GoyalR Singhi Hall,EIRC Premises

5.30pm to 8.30pm 6300 (with Booklet)

Saturday, 4th to Thursday, 9th March 2017(except Sunday,5th)

5 days Workshop on GST Eminent Speakers EIRCR Singhi Hall,EIRC Premises

5.30pm to 8.30pm(only Saturday 2.30pm to 6.30pm)

16 700

Saturday, 11th March 2017

Seminar on Bank AuditDetails inside in Page 9

EIRCVidya Mandir Auditorium

10.00am to 5.00pm 6 800

5EIRC 1ST FEBRUARY 2017

6

.

The undersigned is penning for this particular page for the last time. I was just one

milestone in the journey of EICSA, which has miles to travel and work relentlessly for the betterment

of the students. As I move down the memory lane I find that serving the students have been my most

contending journey in my service as a Regional Council member. I think I have been able to keep up to

the expectations and bring in new vigour and zeal amongst the students of the region. I found myself

in the role of a sculptor who chisels out a great statute from a raw and a mundane stone.

The work as the Chairman of EICASA was a difficult task in the beginning. Leading a half hearted

body with students having multifarious opinion and being a non local person was a herculean task.

However, with the blessings of the almighty, support of my council colleagues and employees of the

institute, the journey became easy. Today I can take pride on declaring that this year the EICASA

could come out and work upon innovative ideas.

I would like to share with you some of our initiatives. The year began with a noble activity of Share

& Care, then we held multiple revisionary & amendments classes for the students. I am thankful to

all my faculties, who spared their valuable time for the benefit and cause of our students. The year

also witnessed multiple Industrial Visits, Educational Tours, Sports meet and a throng of seminars.

We also successfully held the Youth Festival. A number of maiden initiatives like Inter-EICASA Cultural

Meet and CPT & IPCC Coaching Classes, Saraswati Puja celebration at EIRC , took place this year with

great efforts put in by this vibrant team EICASA.

Dear Students, when you sit as an audience and clap on a good performance or a speech, sometimes

it happens that you dream of being on the stage receiving extolment. Never ever forget the lone

journey of riyaz. Riyaz gives perspiration. Riyaz takes the test of patience. Riyaz makes you perfect.

Riyaz guides you to your dream Riyaz never gets clap. If you dream and dream and dream without giv-

ing your zealous efforts into it, dream becomes a mere idol having no life in it. Worshipping becomes

a mere showing-off , a baseless grandeur, a lifeless luxury.

I would like to mark this tenure of mine as a Time Machine, boarding on which takes me to my sweet-

est days as a student. Whenever I have interactions with you, be it in National Convention, in series

of seminars , in the great green stretch wearing sport-apparel, ventilating by way of planting seeds,

donating blood or serving people in need, or in the formal meetings, I find myself in the days of my

studies with lot of exchanges on pursuing interest and nurturing dreams.

Every good thing has to come to an end, so the same has to be my role as a leader of EICASA. As I

carry with me the fond remembrances of this eventful year I wish success to my successor and assure

my best support and commitment towards the enhanced growth of our students. I sincerely believe

in the quote of Bernand Shaw “Child is a father of man”. I had a rich learning experience from these

little and shining stars and I wish them all the very best in their lives.

Since love is felt and things of love is to be exchanged, let me loan letters to express my leave from

EICASA – “The Best pair in the world is ‘smile & cry’. They won’t meet each other at a time; if they

meet, it’s the best moment in your life.”

I Wish you all success in life.

CA Manish Goyal

Chairman EICASA and Vice Chairman EIRC of ICAI

EICASA

EICASA Premiere League on 14th & 15th January 2017

Industrial Visit at Amritbhog Rice Mill

Visit to Chapramari Reserve Forest Seminar on How to Manage and Preparefor CA Exams by Abhishek Agarwal

Industrial Visit at PCM Cement at New Jalpaiguri

Seminar on GST by CA Narayana Agarwal

Lecture Meeting on ISCA by CA Manoj Agarwal

EICASA


My dear zstzudent friends,

Albert Einstein, one of the finest philosophers of 20th Century, felt , “If

at first the idea is not absurd, then there is no hope for it.” History of this

planet is the history of making the impossible -possible. I frequently

board the time-car garaged in my mind and drive down the great

corridor of human civilization and find that the march of civilization is

a chronicle of turning dream into reality. Leonardo de Vinci used to go to local fair, purchase birds,

un-cage and observe them flying away. To the common man, this act seemed to be completely

out-tuned. But the master was engrossed observing their movement imagining human being flying

like the birds. We find in his notes the basic ideas of aeroplane. His milieu unnoticed and History

embraced him

Day and Date Knowledge Session Resource Persons Venue Duration Delegate Fees Rs.

Sunday, 5th

February 2017Seminar on "Guidance towards effective article-ship"

CA Vivek NewatiaCA Gopal Jain R Singhi Hall,

EIRC Premises10.30am to 1.00pm Free

Sunday, 12th

February 2017 Seminar On GST CA Shubham Khaitan R Singhi Hall, EIRC Premises

10.30am to 1.00pm Free

7EIRC 1ST FEBRUARY 2017


IMPORTANT ANNOUNCEMENTINTERMEDIATE (IPC) EXAMINATION

FINAL EXAMINATION

INTERNATIONAL TAXATION – ASSESSMENT TEST (INTT – AT)

Group-I 3rd, 5th, 7th & 9th May 17

Group -I 2nd, 4th, 6th & 8th May 17

Group -II11th, 13th, 15th & 17th May 17

Exam Time (both Groups)2.00 PM to 5.00 PM (IST)

For Both Groups / Unit – 9 Rs.2700/- For One of the Groups / Unit 1 to 8 Rs.1500/-

For Both Groups Rs.3300/- For One of the Groups Rs.1800/-

11th & 13th May 2017 Exam Time: 2.00 PM to 5.00 PM

Application for International Taxation – Assessment Test is to be filled up in the paper based form only and is priced at Rs. 100/- per application form. The form shall also be made available in the Regional and Branch Offices of the Institute and can be obtained there from on cash payment on or from 6th February, 2017. Payment of fees for the International Taxation – Assessment Test should be made by Demand Draft only. The Demand Draft may be of any Scheduled Bank and should be drawn in favour of The Secretary, The Institute of Chartered Accountants of India, payable at New Delhi only. Application together with the prescribed fee by Demand Draft of any Scheduled Bank may be sent so as to reach the Deputy Secretary (Examinations) at New Delhi not later than 27th February, 2017. After the due date i.e. 27th February, 2017 and upto 6th March, 2017 with late fee of ` 600/- will be received only at the New Delhi office of the Institute.

Apply online at http://icaiexam.icai.org from 6th February, 2017 to 27th February, 2017 and remit the examination fee online by using either VISA or MASTER Credit / Debit Card. They shall however, be required to remit additional Rs. 600/- towards late fee in case the application online is made after 27th February, 2017 and upto 6th March, 2017.

Group-II 12th, 14th & 16th May 17

Exam Time (both Groups) 2.00 PM to 5.00 PM (IST)

Critical Analysis & Tax Planning w.r.t recent changes in Income Tax

Thursday, 2nd & Friday, 3rd March 2017

5.30pm to 8.30pm (both days)R Singhi Hall, EIRC Premises

CPE Hrs. - 6 Speakers:

CA K K ChhapariaCA Vivek Newatia

CA Rishi Khator

Fees - Rs. 300 (with Booklet)

Finacle in CBS SystemMonday, 20th February 2017

R Singhi Hall, EIRC Premises

5.30pm to 8.30pm

CPE 3 Hrs.

Fees: Rs. 80, Spot Rs. 100

Speaker: CA Sonu Jain

Online Registration fromwww.eirc-icai.org

Offline Registration by Cash/Cheque in favour of "ICAI-EIRC"

at EIRC Office at 7 Russell Street, Kol-71

Registration Helpline 30211108/04/33

6 CPE Seminar on International Taxation Organised by the

Committee on International Taxation, ICAIHosted by the

Eastern India Regional CouncilThe Institute of Chartered Accountants of India

On Saturday 25th February, 20179.30am to 5.30pm

Park Hotel, Kolkata

CPE Hrs. - 6

Speakers: CA Nihar N Jambusaria CA Bhaumik Goda & others





Fees: Rs. 1200

9

Seminar on Bank AuditSaturday, 11th March 2017

10.00am to 5.00pmVidya Mandir Auditorium

Moira Street, Kolkata

CPE Hrs. - 6CA Amarjit Chopra, Past President, ICAI

CA Ajay Jain (New Delhi)and Others

Fees - Rs. 800





Workshop on NCLT & NCLATTuesday,21st February to

Thursday, 23rd February 2017

5.30pm to 8.30pm

R Singhi Hall, EIRC Premises

CPE Hrs. - 9

21st February - Action Plan & Scope of Work :

CS Deepak Khaitan

22nd February - Merger & Amalgamation:

CA Manoj Banthia

23 rd February - Insolvency & Bankruptcy :

CA Vinod Kothari





Fees: 350 for all 3 days (with Booklet)


Workshop on GST from 3rd January 2017 to 7th January 2017

L – R: CA Gagan Kedia, CA Nitesh More, Member, EIRC, CA D S Agarwal, CA Sanjib Sanghi, Member, EIRC

L – R: CA Shubham Khaitan, CA Sanjib Sanghi, Member, EIRC, CA Shivani Shah

L – R: CA Ankit Kanodia, CA Arun Agarwal, CA Sumit Binani, Treasurer, EIRC

L – R: CA Sumit Binani, Treasurer, EIRC, CA Sushil Kumar Goyal, Council Member, ICAI, CA Sanjib Sanghi, Member, EIRC

L – R: CA Abhishek Tibrewal, CA Sushil Kumar Goyal, Council Member, ICAI

CA Rajeev Agarwal, CA Abhishek Agarwal, CA Harsh Gadodia

Workshop on CIT Appeals E Filing for Penny Stock & Client Code Modification on 11th January 2017

L – R: Advocate Paras Kochar, CA Sonu Jain, Secretary, EIRC, CA Anand Tibrewal

Seminar on IND AS 101 : First Time Adoption on 13th January 2017

L – R: CA Sonu Jain, Secretary, EIRC, CA Vivek Agarwal


EIRC Events

Seminar on Business Combination & Consolidation on 14th January 2017

CA Manish Goyal, Vice Chairman, EIRC, CA Subodh Ku-mar Agrawal, Past President, ICAI, CA Sandip Dey (extreme right) and others

Seminar on Private Equity on 16th January 2017

L – R: CA Anjan Mitra, CA Vikash Jain, Past Chairman, EIRC, CA Sonu Jain, Secretary, EIRC

Seminar on Professional Opportunities under Insolvency & Bankruptcy Code on 17th January

L – R: CA Sumit Binani, Treasurer, EIRC, Shri Ajay Choudhary

CA Sonu Jain, Secretary, EIRC A view of the Audience

L – R: CS Timir Baran Chatterjee, CA Sanjib Sanghi, Member, EIRC, CA Abhishek Tibrewal

L – R: CA Anshuma Rustagi, CA Sanjib Sanghi, Member, EIRC, CA Ankit Kanodia

Workshop on GST from 3rd January 2017 to 7th January 2017

L – R: CA Rohit Surana, CA Sonu Jain, Secretary, EIRC

L – R: CA Arun Agarwal, CA Sonu Jain, Secretary, EIRC, CA Vikash Parakh

L – R: CA Sandip Dey, CA Ash-warya Agarwal, CA Sanjib Sanghi, Member, EIRC, CA Chiranjib Das

11

Seminar on Finacle in CBS System on 20th January 2017


EIRC Events

Cricket Match between EIRC Members Vs VAT Officials on 15th January 2017

Group Photo of both the teams – EIRC Members in orange colour jersey and VAT Officials in violet colour jersey

Group Photo of the winning team i.e. EIRC Members

Celebration of 68th Republic Day on 26th January 2017

CA Anirban Datta, Chairman, EIRC hoisting the National Flag on the occasion of Republic Day

L – R: CA Pramod Dayal Rungta, Past Chairman, EIRC, CA Debasish Mitra, Council Member, ICAI, CA Anirban Datta, Chairman, EIRC, CA Sumit Binani, Treasurer, EIRC, CA Sanjib Sanghi, Member, EIRC, CA Sonu Jain, Secretary, EIRC

Interaction with the Members: L – R: CA Sonu Jain, Secretary, EIRC, CA Ranjeet Kumar Agarwal, Council Member, ICAI, CA Anirban Datta, Chairman, EIRC, CA M Devaraja Reddy, Presi-dent, ICAI, CA Subodh Kumar Agrawal, Past President, ICAI, CA Sanjib Sanghi, Member, EIRC

CA M Devaraja Reddy, President, ICAI (right) being wel-comed by CA Anirban Datta, Chairman, EIRC (left). Others seen are CA Ranjeet Kumar Agarwal, Council Member, ICAI, CA Sonu Jain, Secretary, EIRC, CA Subhash Chandra Saraf , Past Chairman, EIRC, CA Sanjib Sanghi, Member, EIRC, and CA Prasun Kumar Bhattacharyya, Past Chairman, EIRC

REGISTERED RN 27144/75 Registration No. KOL RMS / 227 / 2016-18

ICAI’s President visit to Kolkata on 27th January 2017

CA Anirban Datta, Editor CA Sumit Binani, MemberCA Manish Goyal, Jt. Editor CA Sushil Kr. Goyal, MemberCA Sonu Jain, Member CA Ranjeet Kr. Agarwal, MemberCA Vineeta Agarwal, Co-opted Member CA Kaushik Ghosh, Co-opted Member

BOOK POST

Owner: The Institute of Chartered Accountants of India, Eastern India Regional Council Printer: Shri Alok Ray, Joint Secretary, The

Institute of Chartered Accountants of India, Publisher: Shri Alok Ray, Joint Secretary, The Institute of Chartered Accountants of

India Published from : The Institute of Chartered Accountants of India, Eastern India Regional Council, 7, Anandilal Poddar Sarani,

P.S.: Shakespeare Sarani, Kolkata - 700 071 Editor: CA Anirban Datta, Chairman, Eastern India Regional Council, The Institute of

Chartered Accountants of India.

The Institute does not accept any responsibility for the view expressed in the contributions of advertisements published in the

newsletter. Phone: 91-33-30211140/41, Fax: 033-22272317, Website: www.eirc-icai.org, Email : [email protected]

If undelivered please return to : Eastern India Regional Council, The Institute of Chartered Accountants of India, 7, Anandilal Poddar Sarani (Russell Street), Kolkata - 700 07112

Documents

EIRC 1ST FEBRUARY 2017...versatile tool of modern day business. The profession is in a state of flux and Indian CAs is fast evolving from traditional accounts keeper and auditor into